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

REGISTERED NUMBER: 08230468 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2019

for

Elland Estates Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J E H Shepherd

SECRETARY:

REGISTERED OFFICE:

30B Southgate

Chichester

West Sussex

PO19 1DP

REGISTERED NUMBER:

08230468 (England and Wales)

ACCOUNTANTS:

Robert Sadler & Company Ltd

Chartered Accountants

30B Southgate

Chichester

West Sussex

PO19 1DP

FIXED ASSETS

Investments

3

3,048,402

3,008,541

CURRENT ASSETS

Debtors

4

-

7,696

Cash at bank

64,664

170,675

64,664

178,371

CREDITORS

Amounts falling due within one year

478,261

833,261

NET CURRENT LIABILITIES

(413,597

)

(654,890

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,634,805

2,353,651

CREDITORS

Amounts falling due after more than one year

(1,062,330

)

(1,139,395

)

PROVISIONS FOR LIABILITIES

(253,218

)

(233,798

)

NET ASSETS

1,319,257

980,458

CAPITAL AND RESERVES

Called up share capital

99

99

Non distributable reserve from revaluation

1,079,507

996,718

Retained earnings

239,651

(16,359

)

SHAREHOLDERS' FUNDS

1,319,257

980,458

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 director acknowledges his 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2019 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director on 18 December 2019 and were signed by:

J E H Shepherd - Director

1.	STATUTORY INFORMATION

Elland 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.

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.

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.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 April 2018

3,008,541

Additions

785,519

Disposals

(745,658

)

At 31 March 2019

3,048,402

NET BOOK VALUE

At 31 March 2019

3,048,402

At 31 March 2018

3,008,541

The investment held in joint ventures of £3,048,402 consists of the cost of percentage shares in two investment

property syndicates, plus revaluations to date, net of accumulated income deficits and repayments made.

4.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.19

31.3.18

£

£

Other debtors

-

7,696