Select Enterprises (Investments) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00743993 (England and Wales)

Financial Statements for the Year Ended 31 March 2020

for

Select Enterprises (Investments) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D P Siegler

P M Siegler

A H Siegler

SECRETARY:

A H Siegler

REGISTERED OFFICE:

Bank House

Southwick Square

Southwick

West Sussex

BN42 4FN

REGISTERED NUMBER:

00743993 (England and Wales)

ACCOUNTANTS:

Style and Silver

Bank House

Southwick Square

Southwick

West Sussex

BN42 4FN

FIXED ASSETS

Tangible assets

4

616,000

616,000

CURRENT ASSETS

Debtors

5

-

114

Cash at bank

11,747

6,375

11,747

6,489

CREDITORS

Amounts falling due within one year

6

76,015

69,803

NET CURRENT LIABILITIES

(64,268

)

(63,314

)

TOTAL ASSETS LESS CURRENT LIABILITIES

551,732

552,686

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Revaluation reserve

7

298,808

298,808

Retained earnings

251,924

252,878

SHAREHOLDERS' FUNDS

551,732

552,686

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 and authorised for issue on 14 December 2020 and were signed on its behalf by:

D P Siegler - Director

1.	STATUTORY INFORMATION

Select Enterprises (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.

Tangible fixed assets

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

Freehold property

-

not provided in year of acquisition

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST OR VALUATION

At 1 April 2019

and 31 March 2020

616,000

NET BOOK VALUE

At 31 March 2020

616,000

At 31 March 2019

616,000

Included in cost or valuation of land and buildings is freehold land of £ 616,000 (2019 - £ 616,000 ) which is not depreciated.

Cost or valuation at 31 March 2020 is represented by:

Freehold

property

£

Valuation in 2009

298,808

Cost

317,192

616,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade debtors

-

114

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Tax

9,862

6,661

Rent deposit

4,500

4,500

Directors' current accounts

60,573

57,742

Accrued expenses

1,080

900

76,015

69,803

7.

RESERVES

Revaluation

reserve

£

At 1 April 2019

and 31 March 2020

298,808