Charville Estates Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 01567152 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

CHARVILLE ESTATES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R C Pulford FRICS

D J Pulford FRICS

Mrs A Pulford

Mrs M N L Pulford

SECRETARY:

R C Pulford FRICS

REGISTERED OFFICE:

911 Green Lanes

London

N21 2QP

REGISTERED NUMBER:

01567152 (England and Wales)

ACCOUNTANTS:

Graeme Bruce & Partners

Chartered Accountants

911 Green Lanes

London

N21 2QP

FIXED ASSETS

Tangible assets

4

11,097

-

Investment property

5

1,602,800

10,000

1,613,897

10,000

CURRENT ASSETS

Stocks

1

1

Debtors

6

3,627,547

11,483,219

Cash at bank and in hand

34,352

93,891

3,661,900

11,577,111

CREDITORS

Amounts falling due within one year

7

9,215,841

15,524,544

NET CURRENT LIABILITIES

(5,553,941

)

(3,947,433

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(3,940,044

)

(3,937,433

)

CAPITAL AND RESERVES

Called up share capital

150

150

Revaluation reserve

8

4,647,920

4,647,920

Retained earnings

(8,588,114

)

(8,585,503

)

SHAREHOLDERS' FUNDS

(3,940,044

)

(3,937,433

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 29 September 2017 and were signed on its behalf by:

R C Pulford FRICS - Director

1.	STATUTORY INFORMATION

Charville Estates 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.

Tangible fixed assets

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

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.

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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Improvement to property

11,097

At 31 December 2016

11,097

NET BOOK VALUE

At 31 December 2016

11,097

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2016

10,000

Additions

1,592,800

At 31 December 2016

1,602,800

NET BOOK VALUE

At 31 December 2016

1,602,800

At 31 December 2015

10,000

Cost or valuation at 31 December 2016 is represented by:

£

Valuation in 1994

2,025,609

Valuation in 1995

(300,000

)

Valuation in 1996

(1,049,763

)

Valuation in 1999

575,000

Valuation in 2004

3,397,072

Valuation in 2011

(3,180,629

)

Valuation in 2012

(1,450,000

)

Valuation in 2014

475,000

Valuation in 2015

(482,289

)

Cost

1,592,800

1,602,800

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Other Debtors

3,408,546

11,383,957

Trade Debtors

19,001

99,262

Other Loan

200,000

-

3,627,547

11,483,219

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Bank loans and overdrafts

960,603

6,600,000

Taxation and social security

(9,683

)

29,907

Other creditors

8,264,921

8,894,637

9,215,841

15,524,544

8.

RESERVES

Revaluation

reserve

£

At 1 January 2016

and 31 December 2016

4,647,920

9.	CONVERTIBLE LOAN STOCK

Included within other creditors is an amount of £1,974,000 in relation to Convertible Loan Stock.

The conversion rights attached to the loan stock are as follows: The stockholder may at any time, on or after 30 June 2001,

require the Company to allot ordinary shares fully paid or credited as fully paid in the Company in exchange for and in

satisfaction of, such part of the Stock which the conversion notice relates. The number of ordinary shares to be alloted

shall be on the basis of 1 ordinary share for every £5,650 nominal stock to be converted. This loan stock relates to the

loans incurred on the trading activities of the company.