Eggington Capital Limited - Accounts

Eggington Capital Limited - Accounts

EGGINGTON CAPITAL LIMITED - Company Information

Print Friendly Version

Eggington Capital Limited 08268514 Activities of open-ended investment companies false 1 January 2018 08268514 2018-01-01 2018-12-31 08268514 2017-12-31 08268514 2018-12-31 08268514 2017-01-01 2017-12-31 08268514 2016-12-31 08268514 2017-12-31 08268514 frs102-bus:FRS102 2018-01-01 2018-12-31 08268514 frs102-bus:PrivateLimitedCompanyLtd 2018-01-01 2018-12-31 08268514 frs102-bus:FullAccounts 2018-01-01 2018-12-31 08268514 frs102-bus:AuditExempt-NoAccountantsReport 2018-01-01 2018-12-31 08268514 frs102-bus:Director1 2018-01-01 2018-12-31 08268514 frs102-bus:Director2 2018-01-01 2018-12-31 08268514 frs102-bus:Director3 2018-01-01 2018-12-31 08268514 frs102-bus:Director4 2018-01-01 2018-12-31 08268514 frs102-bus:RegisteredOffice 2018-01-01 2018-12-31 08268514 frs102-core:CurrentFinancialInstruments 2018-12-31 08268514 frs102-core:CurrentFinancialInstruments 2017-12-31 08268514 frs102-core:Non-currentFinancialInstruments 2018-12-31 08268514 frs102-core:Non-currentFinancialInstruments 2017-12-31 08268514 frs102-core:ShareCapital 2018-12-31 08268514 frs102-core:ShareCapital 2017-12-31 08268514 frs102-core:RevaluationReserve 2018-12-31 08268514 frs102-core:RevaluationReserve 2017-12-31 08268514 frs102-core:RetainedEarningsAccumulatedLosses 2018-12-31 08268514 frs102-core:RetainedEarningsAccumulatedLosses 2017-12-31 08268514 frs102-core:FurnitureFittings 2018-01-01 2018-12-31 08268514 frs102-core:FurnitureFittings 2017-12-31 08268514 frs102-core:LandBuildings 2017-12-31 08268514 frs102-core:LandBuildings 2018-01-01 2018-12-31 08268514 frs102-core:FurnitureFittings 2018-12-31 08268514 frs102-core:LandBuildings 2018-12-31 08268514 frs102-core:FurnitureFittings 2017-12-31 08268514 frs102-core:LandBuildings 2017-12-31 08268514 frs102-core:Non-currentFinancialInstruments 2018-01-01 2018-12-31 xbrli:pure iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares
Registered number
08268514
Eggington Capital Limited
Report and Unaudited Accounts
for the year ended
31 December 2018

Eggington Capital Limited
Company Information



Directors
Mr D Fry
Mrs C Trendell
C Trendell
Mr P Trendell




Registered Office
4 Hays Mews
Mayfair
London
W1J 5PU




Registered Number
08268514



Eggington Capital Limited
Directors' Report

The directors submit the report and financial statements for the year ended 31 December 2018.

Directors
The directors shown below held office during the whole of the accounting period:

C Trendell

Mr P Trendell

The report of the directors has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

This report was approved by the board on 28 September 2019.

..........................

Mr P Trendell

Director


Eggington Capital Limited
Profit and Loss Account
for the year ended 31 December 2018

Notes 2018
£		 2017
£
Turnover 0 0
Cost of sales (0) (0)
Gross profit 0 0
Administrative expenses (505,793) (238,405)
Operating profit/(loss) (505,793) (238,405)
Profit on the disposal of fixed assets 0 13,323
Other operating income 295,826 139,074
Income from other fixed asset investments (42,524) 56,809
Interest receivable and similar income 82,825 280,555
Loss on disposal of fixed assets 0 (72,749)
Interest payable and similar charges (90,601) (18,612)
Profit/(loss) on ordinary activities before taxation (260,267) 159,995
Tax on ordinary activities (105) (26,566)
Profit/(loss) on ordinary activities after taxation (260,372) 133,429
Retained earnings brought forward 816,640 755,481
Restatements of retained earnings for corrections of prior period errors 72,270 0
Retained earnings carried forward 628,538 888,910

Eggington Capital Limited
Balance Sheet
as at 31 December 2018
Notes
 2018
£		 2017
£
Fixed assets
Tangible assets 2 4,623,920 1,102,338
4,623,920 1,102,338
Current assets
Debtors 3 2,953,145 4,325,774
Investments 219,713 987,410
Cash at bank and in hand 139,692 381,669
3,312,550 5,694,853
Prepayments and accrued income: 1,738 6,000
Creditors: amounts falling due within one year 4 (36,682) (449,092)
Net current assets / (liabilities) 3,277,606 5,251,761
Total assets less current liabilities 7,901,526 6,354,099
Creditors: amounts falling due after more than one year 5 (7,314,678) (5,528,513)
Accruals and deferred income (21,156) (8,945)
Total net assets (liabilities) 565,692 816,641
Capital and reserves
Called up share capital 1 1
Revaluation reserve (62,847) (72,270)
Profit and loss account 628,538 888,910
Shareholders' funds 565,692 816,641

Eggington Capital Limited
Balance Sheet
as at 31 December 2018



These accounts have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

For the year ending 31 December 2018 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Signed on behalf of the board of directors

...............................

Mr P Trendell

Director


Approved by the board on 28 September 2019

Company Number: 08268514 (a Private Company Limited by Shares registered in England and Wales)

Registered Office:

4 Hays Mews
Mayfair
London
W1J 5PU

Eggington Capital Limited
Notes to the Accounts
for the year ended 31 December 2018

1. Accounting policies

Basis of preparation of financial statements
These financial statements have been prepared under the historic cost convention in accordance with the accounting policies set out below and with section 1A of FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The presentation currency is sterling.
Going concern basis
The accounts have been prepared on the assumption that the company is able to carry on business as a going concern for the foreseeable future.
Tangible fixed assets depreciation policy
Tangible fixed assets are stated at cost less accumulated depreciation and impairment losses. Depreciation is provided, after taking account of any grants receivable, at rates calculated to write off the cost of fixed assets, less the estimated residual value, over their estimated useful lives.
Fixtures & Fittings 33% Straight Line
2. Tangible fixed assets
Fixtures & Fittings Land & buildings Total
Cost or valuation £ £ £
At 1 January 2018 11,000 1,102,228 1,113,228
Additions 0 3,521,692 3,521,692
At 31 December 2018 11,000 4,623,920 4,634,920
Depreciation
At 1 January 2018 10,890 0 10,890
Charge for the period 110 0 110
At 31 December 2018 11,000 0 11,000
Net book value
At 31 December 2018 0 4,623,920 4,623,920
At 31 December 2017 110 1,102,228 1,102,338

3. Debtors
2018 2017
£ £
Trade debtors 94,652 12,667
Other debtors 2,858,493 4,313,107
2,953,145 4,325,774

4. Creditors: amounts falling due within one year
2018 2017
£ £
Trade creditors 40,300 9,200
Taxation & social security (3,618) 26,566
Other creditors 0 413,326
36,682 449,092

5. Creditors: amounts falling due after one year
2018 2017
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 7,258,678 5,528,513
Other 56,000 0
7,314,678 5,528,513

Other creditors have been reclassified in 2018 to creditors: amounts falling due after on year.


6. Related party disclosures

Controlling party
As at the year end the company has an amount owed from Gymstar Limited, a company where Paul Trendell is a director, of £719,043 (2017: £672,826).

As at the year end the company has an amount owed from Great Scaffolding & Co Limited, a company where Paul Trendell is a director, of £95,350 (2017: £68,020).

As at the year end the company has an amount owed from Trendhurst Developments Limited, a company where Paul Trendell is a director, of £1,450,000 (2017: £0).

Eggington Capital Limited
Trading and Profit & Loss Account
For the year ended 31 December 2018
for the information of the Directors only

. . 2018
£		 . 2017
£
Sales
0 0
Cost of Sales
0 0
Administrative Expenses
Staff Costs
Wages and salaries 64,471 58,309
Employers' National Insurance 3,594 1,990
Pensions 40,672 40,000
Staff travel and subsistence expenses 5,792 21,637
Vehicle running costs 536 -
Other staff expenses 1,175 -
Entertaining of staff 31,290 12,291
147,530 134,227
Premise Costs
Rent of premises 36,427 16,000
Rates on premises 3,353 -
Service charges 11,580 -
Insurance on premises 1,291 3,688
Premises repairs, renewals and maintenance 7,051 5,000
59,702 24,688
General
Computer software, IT consumables 13,179 -
Data and telecommunications costs 649 3,333
Printing, postage and stationery 731 1,567
Subscriptions - 500
Hire and leasing of plant, equipment and vehicles 760 -
Depreciation of tangible fixed assets 110 3,630
Sundry expenses 107 35
Charitable donations 3,500 -
19,036 9,065
Legal & Professional
Management fees 6,647 -
Consultancy fees 60,000 31,026
Legal fees 41,431 3,846
Accountancy fees 3,526 5,283
Other legal and professional fees 16,152 8,229
Commissions payable 151,600 21,878
279,356 70,262
Finance Charges
Bank charges 169 163
169 163
505,793 238,405
Other Operating Income
Rental and other income from property 295,826 62,288
Other income - 76,786
295,826 139,074
.
Operating Profit (505,793) (238,405)