Premier Choice Homes Limited - Accounts to registrar - small 17.1

REGISTERED NUMBER: 03972764

Unaudited Financial Statements

for the Year Ended 13 October 2016

for

Premier Choice Homes Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R Jenkins

SECRETARY:

D A Jenkins

REGISTERED OFFICE:

Woodside House

Cockcrow Hill

St Mary's Road

Long Ditton

Surrey

KT6 5HE

REGISTERED NUMBER:

03972764

ACCOUNTANT:

Karen Bowles

Chartered Certified Accountant

Esher Place Lodge

59 More Lane

Esher

Surrey

KT10 8AR

FIXED ASSETS

Tangible assets

2

4,261

4,319

Investments

3

2,270,000

2,250,000

2,274,261

2,254,319

CURRENT ASSETS

Cash at bank

18,229

25,170

CREDITORS

Amounts falling due within one year

4

24,710

21,433

NET CURRENT (LIABILITIES)/ASSETS

(6,481

)

3,737

TOTAL ASSETS LESS CURRENT LIABILITIES

2,267,780

2,258,056

CREDITORS

Amounts falling due after more than one year

5

(653,500

)

(653,500

)

PROVISIONS FOR LIABILITIES

8

(810

)

(865

)

NET ASSETS

1,613,470

1,603,691

CAPITAL AND RESERVES

Called up share capital

9

100

100

Revaluation reserve

10

1,356,628

1,336,628

Profit and loss account

10

256,742

266,963

SHAREHOLDERS' FUNDS

1,613,470

1,603,691

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 13 October 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 13 October 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The financial statements were approved by the director on 20 April 2017 and were signed by:

R Jenkins - 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).

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

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 14 October 2015

26,587

Additions

1,666

Disposals

(1,702

)

At 13 October 2016

26,551

DEPRECIATION

At 14 October 2015

22,268

Charge for year

1,421

Eliminated on disposal

(1,399

)

At 13 October 2016

22,290

NET BOOK VALUE

At 13 October 2016

4,261

At 13 October 2015

4,319

3.	FIXED ASSET INVESTMENTS

Unlisted

investments

£

COST OR VALUATION

At 14 October 2015

2,250,000

Revaluations

20,000

At 13 October 2016

2,270,000

NET BOOK VALUE

At 13 October 2016

2,270,000

At 13 October 2015

2,250,000

Cost or valuation at 13 October 2016 is represented by:

Unlisted

investments

£

Valuation in 2008

1,001,780

Valuation in 2009

90,000

Valuation in 2010

(167,000

)

Valuation in 2011

(81,136

)

Valuation in 2012

30,175

Valuation in 2013

(34,946

)

Valuation in 2014

655,829

Valuation in 2015

(158,073

)

Valuation in 2016

20,000

Cost

913,371

2,270,000

If fixed assets investments had not been revalued they would have been included at the following historical cost:

13.10.16

13.10.15

£

£

Cost

913,373

913,373

Fixed asset investments were valued on an open market basis on 13 October 2016 by the Director .

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

13.10.16

13.10.15

£

£

Tax

8,220

6,209

Other creditors

7,444

3,029

Maintenance accounts

-

2,306

Rent Deposits held

4,475

6,275

Directors' current accounts

3,371

2,414

Accrued expenses

1,200

1,200

24,710

21,433

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

13.10.16

13.10.15

£

£

Mortgage

653,500

653,500

6.	PREFERENCE SHARES

Details of preference shares are as follows:

7.	SECURED DEBTS

The following secured debts are included within creditors:

13.10.16

13.10.15

£

£

Bank loans

653,500

653,500

The mortgage is secured by a charge on the investment property.

8.	PROVISIONS FOR LIABILITIES

13.10.16

13.10.15

£

£

Deferred tax

810

865

Deferred

tax

£

Balance at 14 October 2015

865

Provided during year

(55

)

Balance at 13 October 2016

810

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

13.10.16

13.10.15

value:

£

£

100

Ordinary

£1

100

100

10.

RESERVES

Profit

and loss

Revaluation

account

reserve

Totals

£

£

£

At 14 October 2015

266,963

1,336,628

1,603,591

Profit for the year

32,879

32,879

Dividends

(43,100

)

(43,100

)

Revaluation during the year

-

20,000

20,000

At 13 October 2016

256,742

1,356,628

1,613,370

11.	ULTIMATE CONTROLLING PARTY