Edespare Limited - Accounts to registrar - small 16.3d

REGISTERED NUMBER: 07662780 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 October 2016

for

EDESPARE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors:

P E Morris

B P Murtagh

D R C Ede

Registered office:

Eden House

Two Rivers Business Park

Station Lane

Witney

Oxfordshire

OX28 4BL

Registered number:

07662780 (England and Wales)

Accountants:

Haines Watts

Chartered Accountants

Sterling House

19/23 High Street

Kidlington

Oxfordshire

OX5 2DH

Fixed assets

Tangible assets

4

1,891

2,837

Investment property

5

1,662,906

-

1,664,797

2,837

Current assets

Stocks

-

1,879,577

Debtors

6

3,000

22,816

Cash at bank

46,597

18,052

49,597

1,920,445

Creditors

Amounts falling due within one year

7

1,513,855

1,790,725

Net current (liabilities)/assets

(1,464,258

)

129,720

Total assets less current liabilities

200,539

132,557

Capital and reserves

Called up share capital

8

300

300

Retained earnings

9

200,239

132,257

Shareholders' funds

200,539

132,557

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

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

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 on 13 March 2017 and were signed on its behalf by:

D R C Ede - Director

1.	Statutory information

Edespare 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 financial statements are presented in Sterling, which is the functional currency of the company, rounded to

the nearest £1.

2.	Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery etc

-

20% on cost

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.

Going concern

The directors have made an assessment of the company's ability to continue as a going concern and have

identified no material uncertainties that may cast a significant doubt on the ability of the company to continue as

a going concern for the foreseeable future.

3.	Employees and directors

The average number of employees during the year was 3 (2015 - 3 ) .

4.	Tangible fixed assets

Fixtures

and

fittings

£

Cost

At 1 November 2015

and 31 October 2016

4,730

Depreciation

At 1 November 2015

1,893

Charge for year

946

At 31 October 2016

2,839

Net book value

At 31 October 2016

1,891

At 31 October 2015

2,837

5.	Investment property

Total

£

Fair value

Additions

1,662,906

At 31 October 2016

1,662,906

Net book value

At 31 October 2016

1,662,906

Investment property was revalued by the directors on an open market basis on 31 October 2016.

Cost or valuation at 31 October 2016 is represented by:

£

Cost

1,662,906

6.

Debtors: amounts falling due within one year

31/10/16

31/10/15

£

£

Other debtors

3,000

22,816

7.

Creditors: amounts falling due within one year

31/10/16

31/10/15

£

£

Trade creditors

2,641

1,905

Taxation and social security

17,232

24,666

Other creditors

1,493,982

1,764,154

1,513,855

1,790,725

8.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/10/16

31/10/15

value:

£

£

100

A ordinary shares

£1

100

100

100

B ordinary shares

£1

100

100

100

C ordinary shares

£1

100

100

300

300

9.

Reserves

Retained

earnings

£

At 1 November 2015

132,257

Profit for the year

67,982

At 31 October 2016

200,239