Decade Property Investments Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02945786 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2018

FOR

DECADE PROPERTY INVESTMENTS LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

A M Kawalek

P Broomhead

SECRETARY:

B C McCarthy

REGISTERED OFFICE:

3 Hobbs House

Harrovian Business Village

Bessborough Road

Harrow

Middlesex

HA1 3EX

REGISTERED NUMBER:

02945786 (England and Wales)

ACCOUNTANTS:

The Paris Partnership LLP

Chartered Accountants

Russell House

140 High Street

Edgware

Middlesex

HA8 7LW

FIXED ASSETS

Tangible assets

4

558

698

Investment property

5

1,000,000

800,000

1,000,558

800,698

CURRENT ASSETS

Debtors

6

1,955,736

2,197,232

Cash at bank

627,138

86,212

2,582,874

2,283,444

CREDITORS

Amounts falling due within one year

7

(264,781

)

(151,259

)

NET CURRENT ASSETS

2,318,093

2,132,185

TOTAL ASSETS LESS CURRENT LIABILITIES

3,318,651

2,932,883

CREDITORS

Amounts falling due after more than one year

8

(1,318,327

)

(1,330,518

)

PROVISIONS FOR LIABILITIES

9

(140,379

)

(102,379

)

NET ASSETS

1,859,945

1,499,986

CAPITAL AND RESERVES

Called up share capital

10

110

110

Share premium

11

19,990

19,990

Capital contribution from

parent

11

691,462

742,301

Fair value reserve

11

338,833

338,833

Retained earnings

11

809,550

398,752

SHAREHOLDERS' FUNDS

1,859,945

1,499,986

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 17 September 2019 and were signed on its behalf by:

P Broomhead - Director

1.	STATUTORY INFORMATION

Decade Property Investments Limited is a private company, limited by shares , registered in England and Wales.

The company's registered number and registered office address can be found on the Company Information

page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents net invoiced sales of rent and service charges, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

fair value is recognised in profit or loss.

Interest payable

Interest payable is charged to the profit and loss account on an accruals basis.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at

transaction price. Any losses arising from impairment are recognised in the profit and loss account in other

administrative expenses.

Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short term liquid

investments with original maturities of three months or less.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of

the company.

Taxation

Current tax is recognised for the amounts of income tax payable in respect of the taxable profit for the current or

past reporting requirements using the tax rates and laws that have been enacted or substantively enacted by the

reporting dates.

Deferred tax is recognised in respect of all timing differences at the reporting date and are presented within the

provision for liabilities using the tax rates and laws that have been enacted or substantively enacted by the

reporting date that are expected to apply to the reversal of the timing difference.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2018

and 31 December 2018

21,200

DEPRECIATION

At 1 January 2018

20,502

Charge for year

140

At 31 December 2018

20,642

NET BOOK VALUE

At 31 December 2018

558

At 31 December 2017

698

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2018

800,000

Revaluations

200,000

At 31 December 2018

1,000,000

NET BOOK VALUE

At 31 December 2018

1,000,000

At 31 December 2017

800,000

If the investment property had not been revalued it would have been included at the following historical cost:

2018

2017

£

£

Cost

261,167

261,167

The property 3 Hobbs House, Harrow, Middlesex has been valued at open market value basis on 31 December

2017 by the director.

6.

DEBTORS

2018

2017

£

£

Amounts falling due within one year:

Other debtors

182,057

185,378

Amounts falling due after more than one year:

Other debtors

1,773,679

2,011,854

Aggregate amounts

1,955,736

2,197,232

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

7,261

7,624

Taxation and social security

60,140

8,916

Other creditors

197,380

134,719

264,781

151,259

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Other creditors

1,318,327

1,330,518

9.	PROVISIONS FOR LIABILITIES

2017

2016

£

£

Deferred tax

102,379

67,767

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

110

Ordinary Shares

£1

110

110

11.

RESERVES

Capital

contribution

Fair

Retained

Share

from

value

earnings

premium

parent

reserve

Totals

£

£

£

£

£

At 1 January 2018

398,752

19,990

742,301

338,833

1,499,876

Profit for the year

410,798

410,798

Loan reserve adjustment

-

-

(50,839

)

-

(50,839

)

At 31 December 2018

809,550

19,990

691,462

338,833

1,859,835

12.	RELATED PARTY DISCLOSURES

Jungersol Limited

Parent company

2018

2017

£

£

Amount due to related party at the balance sheet date

1,503,285

1,452,449

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary

statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Decade Property Investments Limited for the year ended 31 December 2018 which comprise the

Income Statement, Statement of Financial Position and the related notes from the company's accounting records and

from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Decade Property Investments Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Decade Property Investments Limited and state those matters that we have agreed to state to the Board of Directors of Decade Property Investments Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Decade Property Investments Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Decade Property Investments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Decade Property Investments Limited. You consider that Decade Property Investments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Decade Property Investments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

The Paris Partnership LLP

Chartered Accountants

Russell House

140 High Street

Edgware

Middlesex

HA8 7LW

17 September 2019