Encompass London Developments Limited - Accounts to registrar (filleted) - small 18.2

Encompass London Developments Limited - Accounts to registrar (filleted) - small 18.2

ENCOMPASS LONDON DEVELOPMENTS LIMITED - Company Information

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REGISTERED NUMBER: 10963016 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 OCTOBER 2018 TO 31 MARCH 2020

FOR

ENCOMPASS LONDON DEVELOPMENTS LIMITED
ENCOMPASS LONDON DEVELOPMENTS LIMITED (REGISTERED NUMBER: 10963016)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 OCTOBER 2018 TO 31 MARCH 2020










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ENCOMPASS LONDON DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 OCTOBER 2018 TO 31 MARCH 2020







DIRECTORS: J R D Hunter
L F Morrell





REGISTERED OFFICE: 4th Floor Tuition House
27-37 St George's Road
Wimbledon
London
SW19 4EU





REGISTERED NUMBER: 10963016 (England and Wales)





ACCOUNTANTS: Hartley Fowler LLP
Chartered Accountants
4th Floor Tuition House
27-37 St George's Road
Wimbledon
London
SW19 4EU
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ENCOMPASS LONDON DEVELOPMENTS LIMITED (REGISTERED NUMBER: 10963016)

BALANCE SHEET
31 MARCH 2020

2020 2018
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,011,500 -

CURRENT ASSETS
Debtors 5 - 2
Cash at bank 2,074 6,058
2,074 6,060
CREDITORS
Amounts falling due within one year 6 429,176 6,531
NET CURRENT LIABILITIES (427,102 ) (471 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
584,398
(471
)

CREDITORS
Amounts falling due after more than one
year
7
591,033
-
NET LIABILITIES (6,635 ) (471 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (6,637 ) (473 )
SHAREHOLDERS' FUNDS (6,635 ) (471 )

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

The members have not required the company to obtain an audit of its financial statements for the period 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 19 March 2021 and were signed on its behalf by:




J R D Hunter - Director


The notes form part of these financial statements

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ENCOMPASS LONDON DEVELOPMENTS LIMITED (REGISTERED NUMBER: 10963016)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 OCTOBER 2018 TO 31 MARCH 2020


1. STATUTORY INFORMATION

Encompass London Developments 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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 period 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 period 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.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivables or payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2018 - 2 ) .

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ENCOMPASS LONDON DEVELOPMENTS LIMITED (REGISTERED NUMBER: 10963016)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 OCTOBER 2018 TO 31 MARCH 2020


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 1,011,500
At 31 March 2020 1,011,500
NET BOOK VALUE
At 31 March 2020 1,011,500

5. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2020 2018
£    £   
Other debtors - 2

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2018
£    £   
Other creditors 429,176 6,531

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2020 2018
£    £   
Other creditors 591,033 -

8. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £100,000 (2018: £100,000) to the Morrell Developments Ltd, a company under common control. This loan bears no interest and there are no repayment terms.

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