Atherton Estates Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08063727 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2019

FOR

ATHERTON ESTATES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A Horsburgh

Mrs V Horsburgh

REGISTERED OFFICE:

1-3 Pemberton Row

London

EC4A 3BG

REGISTERED NUMBER:

08063727 (England and Wales)

ACCOUNTANTS:

COLIN GRAY & CO LIMITED

Chartered Accountants

Hardy House

Northbridge Road

Berkhamsted

Hertfordshire

HP4 1EF

FIXED ASSETS

Tangible assets

4

27

360

Investments

5

87,321

457,127

Investment property

6

2,882,427

2,882,427

2,969,775

3,339,914

CURRENT ASSETS

Debtors

7

6,177

20,748

Cash at bank

505

2,427

6,682

23,175

CREDITORS

Amounts falling due within one year

8

2,110,416

2,558,528

NET CURRENT LIABILITIES

(2,103,734

)

(2,535,353

)

TOTAL ASSETS LESS CURRENT LIABILITIES

866,041

804,561

PROVISIONS FOR LIABILITIES

29,222

29,222

NET ASSETS

836,819

775,339

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

836,719

775,239

SHAREHOLDERS' FUNDS

836,819

775,339

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2019 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 applicable to companies subject to the small companies regime.

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 10 November 2019 and were signed on its behalf by:

Mrs V Horsburgh - Director

1.	STATUTORY INFORMATION

Atherton Estates 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.

Turnover

Turnover comprises revenue recognised by the company in respect of rental income.

Tangible fixed assets

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

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent

that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively

enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in

which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted

or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be

recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2018

and 31 May 2019

2,813

DEPRECIATION

At 1 June 2018

2,453

Charge for year

333

At 31 May 2019

2,786

NET BOOK VALUE

At 31 May 2019

27

At 31 May 2018

360

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 June 2018

457,127

Additions

21,827

Disposals

(348,582

)

Impairments

(43,051

)

At 31 May 2019

87,321

NET BOOK VALUE

At 31 May 2019

87,321

At 31 May 2018

457,127

Cost or valuation at 31 May 2019 is represented by:

Other

investments

£

Valuation in 2017

153,966

Valuation in 2018

303,161

Valuation in 2019

(369,806

)

87,321

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 June 2018

and 31 May 2019

2,882,427

NET BOOK VALUE

At 31 May 2019

2,882,427

At 31 May 2018

2,882,427

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Other debtors

6,177

20,748

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Taxation and social security

48,183

24,170

Other creditors

2,062,233

2,534,358

2,110,416

2,558,528