Tealby Estates (2005) Limited - Accounts to registrar - small 17.1.1

Tealby Estates (2005) Limited - Accounts to registrar - small 17.1.1


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REGISTERED NUMBER: 05511943 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31st March 2017

for

Tealby Estates (2005) Limited

Tealby Estates (2005) Limited (Registered number: 05511943)






Contents of the Financial Statements
for the year ended 31st March 2017




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 6

Tealby Estates (2005) Limited

Company Information
for the year ended 31st March 2017







DIRECTORS: M S Nagra
K S Nagra
N Brown



SECRETARY: M S Nagra



REGISTERED OFFICE: Princes House
Wright Street
Hull
East Yorkshire
HU2 8HX



REGISTERED NUMBER: 05511943 (England and Wales)



ACCOUNTANTS: cbaSadofskys
Chartered Accountants
Princes House
Wright Street
Hull
East Yorkshire
HU2 8HX



BANKERS: The Royal Bank of Scotland
10 Silver Street
Hull
HU1 1JE

Tealby Estates (2005) Limited (Registered number: 05511943)

Abridged Balance Sheet
31st March 2017

2017 2016
Notes £    £   
FIXED ASSETS
Tangible assets 4 707,593 967,728

CURRENT ASSETS
Stocks 17,524 11,057
Debtors 494,994 430,529
Cash at bank and in hand 23,593 37,336
536,111 478,922
CREDITORS
Amounts falling due within one year (395,728 ) (450,251 )
NET CURRENT ASSETS 140,383 28,671
TOTAL ASSETS LESS CURRENT
LIABILITIES

847,976

996,399

CREDITORS
Amounts falling due after more than one
year

(409,362

)

(558,884

)
NET ASSETS 438,614 437,515

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 438,611 437,512
SHAREHOLDERS' FUNDS 438,614 437,515

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2017 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.

Tealby Estates (2005) Limited (Registered number: 05511943)

Abridged Balance Sheet - continued
31st March 2017


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.

All the members have consented to the preparation of an abridged Statement of Comprehensive Income and an abridged Balance Sheet for the year ended 31st March 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 19th June 2017 and were signed on its behalf by:





K S Nagra - Director


Tealby Estates (2005) Limited (Registered number: 05511943)

Notes to the Financial Statements
for the year ended 31st March 2017

1. STATUTORY INFORMATION

Tealby Estates (2005) 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 presentation currency of the financial statements is the Pound Sterling (£).


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.

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 - 33% on cost, 15% on reducing balance and 6.67% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 .

Tealby Estates (2005) Limited (Registered number: 05511943)

Notes to the Financial Statements - continued
for the year ended 31st March 2017

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st April 2016 1,158,918
Additions 2,515
Disposals (239,179 )
At 31st March 2017 922,254
DEPRECIATION
At 1st April 2016 191,190
Charge for year 23,471
At 31st March 2017 214,661
NET BOOK VALUE
At 31st March 2017 707,593
At 31st March 2016 967,728

5. SECURED DEBTS

The following secured debts are included within creditors:

2017 2016
£    £   
Bank loans 427,761 -

6. ULTIMATE CONTROLLING PARTY

In the opinion of the directors, no one party controlled the company.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Tealby Estates (2005) Limited

The following reproduces the text of the report prepared for the directors and members in respect of the
company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is
only required to file a Balance Sheet. Readers are cautioned that the Abridged Statement of Comprehensive
Income and certain other primary statements and the Report of the Directors are not required to be filed with
the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of Tealby Estates (2005) Limited for the year ended 31st March 2017 which comprise the Abridged
Statement of Comprehensive Income, Abridged 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 Tealby Estates (2005) 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 Tealby Estates (2005) Limited and state those matters that we have agreed to state to the Board of Directors of Tealby Estates (2005) 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 Tealby Estates (2005) Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Tealby Estates (2005) 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 profit of Tealby Estates (2005) Limited. You consider that Tealby Estates (2005) 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 Tealby Estates (2005) 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.






cbaSadofskys
Chartered Accountants
Princes House
Wright Street
Hull
East Yorkshire
HU2 8HX


19th June 2017