Erinvale Properties Limited - Accounts to registrar (filleted) - small 18.2

Erinvale Properties Limited - Accounts to registrar (filleted) - small 18.2

ERINVALE PROPERTIES LIMITED - Company Information

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REGISTERED NUMBER: 05196969 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 March 2019

for

ERINVALE PROPERTIES LIMITED
ERINVALE PROPERTIES LIMITED (REGISTERED NUMBER: 05196969)






Contents of the Financial Statements
for the Year Ended 31 March 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ERINVALE PROPERTIES LIMITED

Company Information
for the Year Ended 31 March 2019







DIRECTORS: G Seeds
C J Seeds





SECRETARY: G Seeds





REGISTERED OFFICE: 2 Leonard Place
Westerham Road
Keston
Kent
BR2 6HQ





REGISTERED NUMBER: 05196969 (England and Wales)





ACCOUNTANTS: Maths Partnership
1 Brook Court
Blakeney Road
Beckenham
Kent
BR3 1HG
Page 1
ERINVALE PROPERTIES LIMITED (REGISTERED NUMBER: 05196969)

Balance Sheet
31 March 2019

31.3.19 31.3.18
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,983,875 1,983,875

CURRENT ASSETS
Stocks - 2,136
Debtors 5 143,574 386,641
Cash at bank 885,090 1,077,865
1,028,664 1,466,642
CREDITORS
Amounts falling due within one year 6 345,504 837,354
NET CURRENT ASSETS 683,160 629,288
TOTAL ASSETS LESS CURRENT
LIABILITIES
2,667,035
2,613,163

CREDITORS
Amounts falling due after more than one
year
7
275,615
294,887
NET ASSETS 2,391,420 2,318,276

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 9 456,751 456,751
Retained earnings 1,934,569 1,861,425
SHAREHOLDERS' FUNDS 2,391,420 2,318,276

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 notes form part of these financial statements

Page 2 continued...
ERINVALE PROPERTIES LIMITED (REGISTERED NUMBER: 05196969)

Balance Sheet - continued
31 March 2019


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 Profit And Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 2 December 2019 and were signed on its behalf
by:





G Seeds - Director


The notes form part of these financial statements

Page 3
ERINVALE PROPERTIES LIMITED (REGISTERED NUMBER: 05196969)

Notes to the Financial Statements
for the Year Ended 31 March 2019

1. STATUTORY INFORMATION

Erinvale Properties 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in
bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit And Loss Account,
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 NIL (2018 - NIL).

Page 4 continued...
ERINVALE PROPERTIES LIMITED (REGISTERED NUMBER: 05196969)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2019

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2018
and 31 March 2019 1,983,875
NET BOOK VALUE
At 31 March 2019 1,983,875
At 31 March 2018 1,983,875

Fair value at 31 March 2019 is represented by:

£   
Valuation in 2019 456,751
Cost 1,527,124
1,983,875

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

31.3.19 31.3.18
£    £   
Cost 1,527,124 1,527,124

Investment property was valued on an open market basis on 31 March 2019 by the directors .

5. DEBTORS
31.3.19 31.3.18
£    £   
Amounts falling due within one year:
Trade debtors 16,566 3,840
Other debtors 127,008 378,185
143,574 382,025

Amounts falling due after more than one year:
Other debtors - 4,616

Aggregate amounts 143,574 386,641

Page 5 continued...
ERINVALE PROPERTIES LIMITED (REGISTERED NUMBER: 05196969)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2019

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.19 31.3.18
£    £   
Bank loans and overdrafts 29,766 29,766
Trade creditors 5,056 136,676
Amounts owed to group undertakings 14,323 201,161
Taxation and social security 41,382 48,710
Other creditors 254,977 421,041
345,504 837,354

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.19 31.3.18
£    £   
Bank loans 275,615 294,887

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 156,550 175,822

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.19 31.3.18
£    £   
Bank loans 305,381 324,653

The bank loans are secured with a first charge over the company's investment property and over the property
with work in progress.

9. RESERVES
Fair
value
reserve
£   
At 1 April 2018
and 31 March 2019 456,751

Page 6