Conifercourt Holdings Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02108651 (England and Wales)

CONIFERCOURT HOLDINGS LIMITED

Unaudited Financial Statements for the Year Ended 29 February 2020

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J H Rogers

Mrs V C Rogers

B M Caporn

SECRETARY:

Mrs V C Rogers

REGISTERED OFFICE:

Nightingale House

46-48 East Street

Epsom

Surrey

KT17 1HQ

REGISTERED NUMBER:

02108651 (England and Wales)

ACCOUNTANTS:

Tudor John Limited

Nightingale House

46-48 East Street

Epsom

Surrey

KT17 1HQ

FIXED ASSETS

Investments

5

99,383

99,383

Investment property

6

1,275,000

1,275,000

1,374,383

1,374,383

CURRENT ASSETS

Debtors

7

710,588

425,589

Cash at bank and in hand

86,176

30,381

796,764

455,970

CREDITORS

Amounts falling due within one year

8

1,287,607

1,219,973

NET CURRENT LIABILITIES

(490,843

)

(764,003

)

TOTAL ASSETS LESS CURRENT LIABILITIES

883,540

610,380

CAPITAL AND RESERVES

Called up share capital

9

100,000

100,000

Retained earnings

10

783,540

510,380

SHAREHOLDERS' FUNDS

883,540

610,380

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2020 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 27 March 2020 and were signed on its behalf by:

Mrs V C Rogers - Director

1.	STATUTORY INFORMATION

Conifercourt Holdings 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention as modified by the revaluation

of certain assets.

TURNOVER

Turnover represents amounts receivable in respect of rental income.

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.

INVESTMENTS

Fixed asset investments are included at cost.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2019 - 3 ) .

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 March 2019

and 29 February 2020

99,383

NET BOOK VALUE

At 29 February 2020

99,383

At 28 February 2019

99,383

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Conifercourt Limited

Registered office: England and Wales

Nature of business: Property investment

%

Class of shares:

holding

Ordinary

100.00

Conifercourt (Building) Limited

Registered office: England and Wales

Nature of business: Property development and building construction

%

Class of shares:

holding

Ordinary

98.00

Conifercourt Leisure Limited

Registered office: England and Wales

Nature of business: Property development

%

Class of shares:

holding

Ordinary

100.00

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 March 2019

and 29 February 2020

1,275,000

NET BOOK VALUE

At 29 February 2020

1,275,000

At 28 February 2019

1,275,000

The properties were revalued by Harding Chartered Surveyors on 25 June 2015 on an open market basis.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

500

501

Amounts owed by group undertakings

710,088

425,088

710,588

425,589

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Amounts owed to group undertakings

1,015,405

845,405

Taxation and social security

5,109

-

Other creditors

267,093

374,568

1,287,607

1,219,973

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2020

2019

value:

£

£

100,000

Ordinary

£1

100,000

100,000

10.

RESERVES

In accordance with FRS102 the investment property revaluation reserve previously separately disclosed in

'Capital and Reserves' under UK GAAP has been taken to the profit and loss reserves. The revaluation of the

investment properties and the associated deferred taxation on the revaluation is non distributable.

The split of retained earnings between distributable and non distributable is as follows:

Retained earnings (distributable)

Retained earnings (non distributable)

Totals

£

£

£

At 1 March 2019

14,786

495,594

510,380

Profit/(loss) for the year

273,160

-

273,160

Dividend

-

-

At 28 February 2020

287,946

495,594

783,540

11.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The

Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party

transactions with wholly owned subsidiaries within the group.

12.	ULTIMATE CONTROLLING PARTY