Conifercourt Holdings Limited - Accounts to registrar - small 17.1

REGISTERED NUMBER: 02108651 (England and Wales)

CONIFERCOURT HOLDINGS LIMITED

Financial Statements for the Year Ended 28 February 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J H Rogers

Mrs V C Rogers

B M Caporn

SECRETARY:

Mrs V C Rogers

REGISTERED OFFICE:

Nightingale House

46-48 East Street

Epsom

Surrey

KT17 1HQ

REGISTERED NUMBER:

02108651 (England and Wales)

AUDITORS:

Tudor John LLP

Chartered Accountants

and Statutory Auditors

Nightingale House

46-48 East Street

Epsom

Surrey

KT17 1HQ

FIXED ASSETS

Tangible assets

5

-

-

Investments

6

99,383

99,383

Investment property

7

1,275,000

1,275,000

1,374,383

1,374,383

CURRENT ASSETS

Debtors

8

1,561

1,561

Cash at bank and in hand

51,669

55,480

53,230

57,041

CREDITORS

Amounts falling due within one year

9

823,401

1,350,114

NET CURRENT LIABILITIES

(770,171

)

(1,293,073

)

TOTAL ASSETS LESS CURRENT LIABILITIES

604,212

81,310

CAPITAL AND RESERVES

Called up share capital

10

100,000

100,000

Retained earnings

11

504,212

(18,690

)

SHAREHOLDERS' FUNDS

604,212

81,310

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors on 10 May 2017 and were signed on its behalf by:

J H Rogers - Director

1.	STATUTORY INFORMATION

Conifercourt Holdings 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.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention.

PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS

The financial statements contain information about Conifercourt Holdings Limited as an individual company and

do not contain consolidated financial information as the parent of a group. The company has taken the option

under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

TURNOVER

Turnover represents amounts receivable in respect of rental income.

TANGIBLE FIXED ASSETS

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

Fixtures and fittings

-

25% 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.

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or

substantively enacted by the balance sheet date.

DEFERRED TAX

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

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

INVESTMENTS

Fixed asset investments are included at cost.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 29 February 2016

and 28 February 2017

23,231

DEPRECIATION

At 29 February 2016

and 28 February 2017

23,231

NET BOOK VALUE

At 28 February 2017

-

At 28 February 2016

-

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 29 February 2016

and 28 February 2017

99,383

NET BOOK VALUE

At 28 February 2017

99,383

At 28 February 2016

99,383

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

Conifercourt Limited

Registered office: England and Wales

Nature of business: Property investment

%

Class of shares:

holding

Ordinary

100.00

Conifercourt (Building) Limited

Registered office: England and Wales

Nature of business: Property development and building construction

%

Class of shares:

holding

Ordinary

98.00

Conifercourt Leisure Limited

Registered office: England and Wales

Nature of business: Property development

%

Class of shares:

holding

Ordinary

100.00

7.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 29 February 2016

and 28 February 2017

1,275,000

NET BOOK VALUE

At 28 February 2017

1,275,000

At 28 February 2016

1,275,000

The properties were revalued by Harding Chartered Surveyors on 25 June 2015 on an open market basis.

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

1,561

1,561

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Amounts owed to group undertakings

804,772

1,334,280

Other creditors

18,629

15,834

823,401

1,350,114

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

100,000

Ordinary

£1

100,000

100,000

11.

RESERVES

In accordance with FRS102 the investment property revaluation reserve previously separately disclosed in

'Capital and Reserves' under UK GAAP has been taken to the profit and loss reserves. The revaluation of the

investment properties and the associated deferred taxation on the revaluation is non distributable.

The split of retained earnings between distributable and non distributable is as follows:

Retained earnings (distributable)

Retained earnings (non distributable)

Totals

£

£

£

At 1 March 2016

(514,284

)

495,594

(18,690

)

Profit/(loss) for the year

1,022,902

-

1,022,902

Dividend

(500,000

)

-

(500,000

)

At 28 February 2017

8,618

495,594

504,212

12.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr Paul Davies (Senior Statutory Auditor)

for and on behalf of Tudor John LLP

13.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The

Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party

transactions with wholly owned subsidiaries within the group.

14.	APB ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to maintain our accounting

records, to prepare and submit returns to the tax authorities and to assist with the preparation of the financial

statements.

15.	ULTIMATE CONTROLLING PARTY