Brighton & Storrington Investments Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00838543 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2019

for

Brighton & Storrington Investments

Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J E H Shepherd

R J P Shepherd

SECRETARY:

Mrs K M Shepherd

REGISTERED OFFICE:

30b Southgate

Chichester

West Sussex

PO19 1DP

REGISTERED NUMBER:

00838543 (England and Wales)

ACCOUNTANTS:

Robert Sadler & Company Ltd

Chartered Accountants

30B Southgate

Chichester

West Sussex

PO19 1DP

FIXED ASSETS

Tangible assets

3

18

21

Investments

4

4,280,042

399,188

Investment property

5

3,975,000

4,825,000

8,255,060

5,224,209

CURRENT ASSETS

Debtors

(1,535

)

6,288

Prepayments and accrued income

982

-

Cash at bank

203,342

2,003,739

202,789

2,010,027

CREDITORS

Amounts falling due within one year

4,192,519

2,757,083

NET CURRENT LIABILITIES

(3,989,730

)

(747,056

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,265,330

4,477,153

CREDITORS

Amounts falling due after more than one year

6

(1,605,769

)

(1,902,397

)

PROVISIONS FOR LIABILITIES

(19,323

)

(69,078

)

ACCRUALS AND DEFERRED INCOME

(72,462

)

(73,068

)

NET ASSETS

2,567,776

2,432,610

CAPITAL AND RESERVES

Called up share capital

60

60

Non-distributable reserve arising from revaluation of property

274,822

608,545

Retained earnings

2,292,894

1,824,005

SHAREHOLDERS' FUNDS

2,567,776

2,432,610

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 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 Board of Directors on 18 December 2019 and were signed on its behalf by:

J E H Shepherd - Director

1.	STATUTORY INFORMATION

Brighton & Storrington 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.

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.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Fixed asset investments

Fixed asset investments are stated at cost and/or market value, Any increase or decrease in value is recognised in

the profit and loss account.

3.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2018

and 31 March 2019

1,242

DEPRECIATION

At 1 April 2018

1,221

Charge for year

3

At 31 March 2019

1,224

NET BOOK VALUE

At 31 March 2019

18

At 31 March 2018

21

4.	FIXED ASSET INVESTMENTS

The investment held at the year end valued at £4,280,042 represents a percentage share in several commercial

property syndicates that have been purchased, the share of rent received and the share of expenses from these

property investments is included in the profit and loss account.

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2018

4,825,000

Disposals

(398,083

)

Revaluations

(451,917

)

At 31 March 2019

3,975,000

NET BOOK VALUE

At 31 March 2019

3,975,000

At 31 March 2018

4,825,000

Fair value at 31 March 2019 is represented by:

£

Valuation in 2017

132,605

Valuation in 2018

239,550

Cost

3,602,845

3,975,000

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

31.3.19

31.3.18

£

£

Cost

3,602,845

4,000,928

All of the investment property was valued on an open market basis on 31 March 2019 by the directors .

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

31.3.19

31.3.18

£

£

Repayable by instalments

Bank loan - more than 5 years

1,146,988

1,394,956