ENCOMPASS LONDON DEVELOPMENTS LIMITED

ENCOMPASS LONDON DEVELOPMENTS LIMITED

ENCOMPASS LONDON DEVELOPMENTS LIMITED - Company Information

Print Friendly Version

1 April 2020 false Taxfiler 2022.3.2 10963016business:PrivateLimitedCompanyLtd2020-04-012021-03-31 109630162020-03-31 109630162020-04-012021-03-31 10963016business:AuditExempt-NoAccountantsReport2020-04-012021-03-31 10963016business:FullAccounts2020-04-012021-03-31 109630162021-03-31 10963016business:Director12020-04-012021-03-31 10963016business:Director22020-04-012021-03-31 10963016business:RegisteredOffice2020-04-012021-03-31 109630162020-03-31 10963016core:WithinOneYear2021-03-31 10963016core:WithinOneYear2020-03-31 10963016core:AfterOneYear2021-03-31 10963016core:AfterOneYear2020-03-31 10963016core:ShareCapital2021-03-31 10963016core:ShareCapital2020-03-31 10963016core:RevaluationReserve2021-03-31 10963016core:RevaluationReserve2020-03-31 10963016core:RetainedEarningsAccumulatedLosses2021-03-31 10963016core:RetainedEarningsAccumulatedLosses2020-03-31 10963016business:SmallEntities2020-04-012021-03-31 10963016countries:EnglandWales2020-04-012021-03-31 10963016core:RevaluationInvestmentPropertyDeferredTax2021-03-31 10963016core:RevaluationInvestmentPropertyDeferredTax2020-03-31 109630162019-04-012020-03-31 iso4217:GBP xbrli:pure
Company Registration No. 10963016 (England and Wales)
ENCOMPASS LONDON DEVELOPMENTS LIMITED Unaudited accounts for the year ended 31 March 2021
ENCOMPASS LONDON DEVELOPMENTS LIMITED Unaudited accounts Contents
Page
- 2 -
ENCOMPASS LONDON DEVELOPMENTS LIMITED Company Information for the year ended 31 March 2021
Directors
J R D Hunter L F Morrell
Company Number
10963016 (England and Wales)
Registered Office
4TH FLOOR TUITION HOUSE 27-37 ST GEORGE' WIMBLEDON LONDON SW19 4EU ENGLAND
Accountants
Richard Smith 30 Garrick Close Wandsworth SW18 1JJ
- 3 -
ENCOMPASS LONDON DEVELOPMENTS LIMITED Statement of financial position as at 31 March 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Investment property
4
1,324,778 
1,011,500 
Current assets
Debtors
5
266 
- 
Cash at bank and in hand
12,927 
2,074 
13,193 
2,074 
Creditors: amounts falling due within one year
6
(420,855)
(429,176)
Net current liabilities
(407,662)
(427,102)
Total assets less current liabilities
917,116 
584,398 
Creditors: amounts falling due after more than one year
7
(665,425)
(591,033)
Provisions for liabilities
Deferred tax
8
(49,400)
- 
Net assets/(liabilities)
202,291 
(6,635)
Capital and reserves
Called up share capital
2 
2 
Revaluation reserve
210,600 
- 
Profit and loss account
(8,311)
(6,637)
Shareholders' funds
202,291 
(6,635)
For the year ending 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 March 2022 and were signed on its behalf by
J R D Hunter Director Company Registration No. 10963016
- 4 -
ENCOMPASS LONDON DEVELOPMENTS LIMITED Notes to the Accounts for the year ended 31 March 2021
1
Statutory information
ENCOMPASS LONDON DEVELOPMENTS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10963016. The registered office is 4TH FLOOR TUITION HOUSE 27-37 ST GEORGE', WIMBLEDON, LONDON, SW19 4EU, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Investment property
2021 
£ 
Fair value at 1 April 2020
1,011,500 
Additions
53,278 
Net gain from fair value adjustments
260,000 
At 31 March 2021
1,324,778 
5
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
Other debtors
266 
- 
6
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
Bank loans and overdrafts
1,389 
- 
Other creditors
418,466 
429,176 
Accruals
1,000 
- 
420,855 
429,176 
7
Creditors: amounts falling due after more than one year
2021 
2020 
£ 
£ 
Bank loans
18,611 
- 
Other creditors
646,814 
591,033 
665,425 
591,033 
- 5 -
ENCOMPASS LONDON DEVELOPMENTS LIMITED Notes to the Accounts for the year ended 31 March 2021
8
Deferred taxation
2021 
2020 
£ 
£ 
Revaluation of investment property
49,400 
- 
2021 
2020 
£ 
£ 
Charged to the profit and loss account
49,400 
- 
Provision at end of year
49,400 
- 
9
Guarantees provided on behalf of directors
At the balance sheet date the directors owed £317,266 (2020: £327,266) in connection with their loans to the company. The loans do not bear interest, are not secured and have no repayment terms.
10
Transactions with related parties
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.
11
Average number of employees
During the year the average number of employees was 2 (2020: 2).
- 6 -