Thermaliner Limited - Accounts to registrar - small 17.2

Thermaliner Limited - Accounts to registrar - small 17.2

THERMALINER LIMITED - Company Information

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REGISTERED NUMBER: 06859553 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

THERMALINER LIMITED

THERMALINER LIMITED (REGISTERED NUMBER: 06859553)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THERMALINER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2017







DIRECTORS: W.M. Harrison
J W Lawn





SECRETARY: Mrs B Harrison





REGISTERED OFFICE: 12 Avon Close
Caldicot
Monmouthshire
NP26 4NH





REGISTERED NUMBER: 06859553 (England and Wales)





ACCOUNTANTS: Arthur Gait & Company
Chartered Accountants
18 Gold Tops
Newport
South Wales
NP20 5WJ
Page 1
THERMALINER LIMITED (REGISTERED NUMBER: 06859553)

BALANCE SHEET
31 MARCH 2017

31.3.17 31.3.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,646 -
Investments 5 107 107
Investment property 6 2,576,253 2,569,501
2,579,006 2,569,608

CURRENT ASSETS
Debtors 7 227,003 320,409
Cash at bank 183,205 43,340
410,208 363,749
CREDITORS
Amounts falling due within one year 8 264,317 438,875
NET CURRENT ASSETS/(LIABILITIES) 145,891 (75,126 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
2,724,897
2,494,482

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 2,724,795 2,494,380
SHAREHOLDERS' FUNDS 2,724,897 2,494,482

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

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

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 17 July 2017 and were signed on its behalf by:




W.M. Harrison - Director


The notes form part of these financial statements

Page 2
THERMALINER LIMITED (REGISTERED NUMBER: 06859553)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017

1. STATUTORY INFORMATION

Thermaliner 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. 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.

Operating lease income
Rental income from operating leases is recognised on a straight line basis over the period of the lease.

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 cost and Straight line over 3 years

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at
the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Page 3 continued...
THERMALINER LIMITED (REGISTERED NUMBER: 06859553)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2017

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2016 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2016 6,822
Additions 3,437
At 31 March 2017 10,259
DEPRECIATION
At 1 April 2016 6,822
Charge for year 791
At 31 March 2017 7,613
NET BOOK VALUE
At 31 March 2017 2,646

5. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 April 2016
and 31 March 2017 102 5 107
NET BOOK VALUE
At 31 March 2017 102 5 107
At 31 March 2016 102 5 107

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2016 2,569,501
Revaluations 6,752
At 31 March 2017 2,576,253
NET BOOK VALUE
At 31 March 2017 2,576,253
At 31 March 2016 2,569,501

Page 4 continued...
THERMALINER LIMITED (REGISTERED NUMBER: 06859553)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2017

6. INVESTMENT PROPERTY - continued

Cost or valuation at 31 March 2017 is represented by:

£   
Valuation in 2011 44,258
Valuation in 2015 52,863
Valuation in 2016 36,605
Valuation in 2017 6,752
Cost 2,435,775
2,576,253

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.17 31.3.16
£    £   
Trade debtors 25,679 66,101
Other debtors 148,243 208,243
Amounts due from group undertakings 47,289 46,065
VAT 5,792 -
227,003 320,409

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.17 31.3.16
£    £   
Trade creditors - 46,155
Tax 33,584 48,875
VAT - 6,311
Other creditors 230,733 337,534
264,317 438,875

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £10,000 (2016 - £10,000) were paid to the directors .

At 31st March 2017 Insuliner owed Thermaliner £47,289 (2016 - £46,065). Insuliner is a subsidiary of
Thermaliner Ltd

At 31st March 2017, the company owed £192,500 (2016 - £290,000) to Mrs B Harrison , wife of the director Mr
WM Harrison.

At 31st March 2017 £148,243 (2016- £208,243) was owed by Toylander Limited, a company in which J.Lawn
and WM Harrison are directors.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are Mr W M Harrison and Mrs B Harrison.

Page 5