R. E. Dickinson Properties Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 03411282 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 JULY 2016

FOR

R. E. DICKINSON PROPERTIES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

7

DIRECTORS:

E E Dickinson

P Stone

REGISTERED OFFICE:

Linden House

Linden Close

Tunbridge Wells

Kent

TN4 8HH

REGISTERED NUMBER:

03411282 (England and Wales)

ACCOUNTANTS:

BSR Bespoke Chartered Accountants

Linden House

Linden Close

Tunbridge Wells

Kent

TN4 8HH

FIXED ASSETS

Tangible assets

2

1,212

1,515

Investments

3

100

-

Investment property

4

1,480,000

830,414

1,481,312

831,929

CURRENT ASSETS

Debtors

20,458

20,326

Cash at bank

9,758

131,169

30,216

151,495

CREDITORS

Amounts falling due within one year

5

187,241

333,708

NET CURRENT LIABILITIES

(157,025

)

(182,213

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,324,287

649,716

CREDITORS

Amounts falling due after more than one year

5

815,878

413,067

CAPITAL AND RESERVES

Called up share capital

6

10,000

10,000

Share premium

90,000

90,000

Revaluation reserve

485,692

202,126

Profit and loss account

(77,283

)

(65,477

)

SHAREHOLDERS' FUNDS

508,409

236,649

1,324,287

649,716

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 8 March 2017 and were signed on its behalf by:

E E Dickinson - Director

1.	ACCOUNTING POLICIES

Accounting convention

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

of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January

2015).

Turnover

Turnover represents rents receivable, excluding value added tax.

Tangible fixed assets

Freehold property is held as an investment property under SSAP 19 and not depreciated in accordance with the

Financial Reporting Standard for Smaller Entities.

Investment property

Investment property is shown at its October 2015 valuation which took account of the all the enhancements .

Any aggregate surplus or deficit arising from changes in market value is transferred to revaluation reserve .

Investments

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

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2015

and 31 July 2016

4,622

DEPRECIATION

At 1 August 2015

3,107

Charge for year

303

At 31 July 2016

3,410

NET BOOK VALUE

At 31 July 2016

1,212

At 31 July 2015

1,515

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

Additions

100

At 31 July 2016

100

NET BOOK VALUE

At 31 July 2016

100

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

Joint venture

Cormongers Barn Limited

Nature of business: Property development

%

Class of shares:

holding

100 Ordinary A

50.00

30.4.16

£

Aggregate capital and reserves

100

The company formed a separate subsidiary company, Cormongers Barn Ltd and acquired 100 Ordinary A shares

of £1 each at par. The company was formed to carry out the development of a barn on land adjoining the

company property. A joint venture agreement was signed in June 2016 and 100 Ordinary B shares were issued

to the joint venture partner. The investment therefore represents a 50% interest in Cormongers Barn Ltd at the

balance sheet date.

4.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 August 2015

830,414

Additions

366,020

Revaluations

283,566

At 31 July 2016

1,480,000

NET BOOK VALUE

At 31 July 2016

1,480,000

At 31 July 2015

830,414

5.

CREDITORS

Creditors include an amount of £ 690,050 (31.7.15 - £ 287,369 ) for which security has been given.

They also include the following debts falling due in more than five years:

31.7.16

31.7.15

£

£

Repayable by instalments

633,950

227,573

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.16

31.7.15

value:

£

£

10,000

Ordinary

£1

10,000

10,000

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is E E Dickinson.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to six) have

been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of R. E. Dickinson Properties Limited for the year ended 31 July 2016 which comprise the Profit

and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information

and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of R. E. Dickinson Properties Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of R. E. Dickinson Properties Limited and state those matters that we have agreed to state to the Board of Directors of R. E. Dickinson Properties Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than R. E. Dickinson Properties Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that R. E. Dickinson Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of R. E. Dickinson Properties Limited. You consider that R. E. Dickinson Properties Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of R. E. Dickinson Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

BSR Bespoke Chartered Accountants

Linden House

Linden Close

Tunbridge Wells

Kent

TN4 8HH

10 March 2017