FENWELL_ESTATES_LIMITED - Accounts

FENWELL ESTATES LTD - Company Information

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Company Registration No. 04720628 (England and Wales)

FENWELL ESTATES LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2016

FENWELL ESTATES LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 5

FENWELL ESTATES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 APRIL 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

4,468,216

3,498,049

Investments

667,292

5,135,508

4,165,341

Current assets

Debtors

2,902

1,856

Cash at bank and in hand

33,520

14,626

36,422

16,482

Creditors: amounts falling due within one year

(1,260,781)

(984,932)

Net current liabilities

(1,224,359)

(968,450)

Total assets less current liabilities

3,911,149

3,196,891

Creditors: amounts falling due after more than one year

(2,588,335)

(2,022,094)

1,322,814

1,174,797

Capital and reserves

Called up share capital

Revaluation reserve

117,384

Profit and loss account

1,205,420

1,057,403

Shareholders' funds

1,322,814

1,174,797

FENWELL ESTATES LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

30 APRIL 2016

- 2 -

For the financial year ended 30 April 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 30 January 2017

Mr D Silverbeck

Director

Company Registration No. 04720628

FENWELL ESTATES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

The part of the annual depreciation charge on revalued assets which relates to the revaluation surplus is transferred from the revaluation reserve to the profit and loss account.

Land and buildings Freehold

2% straight line

Fixtures, fittings & equipment

20% straight line

The part of the annual depreciation charge on revalued assets which relates to the revaluation surplus is transferred from the revaluation reserve to the profit and loss account.

1.5

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.6

Group accounts

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

FENWELL ESTATES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2016

- 4 -

Fixed assets

Tangible assets

Investments

Total

Cost or valuation

At 1 May 2015

3,909,683

667,292

4,576,975

Additions

1,059,937

At 30 April 2016

4,969,620

667,292

5,636,912

Depreciation

At 1 May 2015

411,633

Charge for the year

89,771

At 30 April 2016

501,404

Net book value

At 30 April 2016

4,468,216

667,292

5,135,508

At 30 April 2015

3,498,049

667,292

4,165,341

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £204,192 (2015 - £140,992).

Creditors: amounts falling due after more than one year

2016

2015

Analysis of loans repayable in more than five years

Total amounts repayable by instalments which are due in more than five years

1,193,703

752,123

The aggregate amount of creditors for which security has been given amounted to £1,717,820 (2015 - £1,233,620).

Share capital

2016

2015

Allotted, called up and fully paid

8 Ordinary shares of £1 each

2 A Ordinary shares of £1 each

FENWELL ESTATES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2016

- 5 -

Related party relationships and transactions

Other transactions

Included within Creditors: amounts falling due within one year is £876,556 (2015: £676,403) owed to the director.