Denric Securities Limited - Accounts to registrar

REGISTERED NUMBER: 00801940 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2016

for

Denric Securities Limited

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

J C Moyle

R W Moyle

REGISTERED OFFICE:

409A Hagley Road West

Quinton

Birmingham

West Midlands

B32 2AD

REGISTERED NUMBER:

00801940 (England and Wales)

ACCOUNTANTS:

Colin Meager & Co. Limited

Chartered Accountants

Regent Court

68 Caroline Street

Jewellery Quarter

Birmingham

West Midlands

B3 1UG

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 Income Statement 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 Denric Securities Limited for the year ended 31 December 2016 which comprise the Income

Statement, 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 Denric Securities 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 Denric Securities Limited and state those matters that we have agreed to state to the Board of Directors of Denric Securities 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 Denric Securities Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Denric Securities 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 Denric Securities Limited. You consider that Denric Securities 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 Denric Securities 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.

Colin Meager & Co. Limited

Chartered Accountants

Regent Court

68 Caroline Street

Jewellery Quarter

Birmingham

West Midlands

B3 1UG

Date: .............................................

FIXED ASSETS

Tangible assets

4

1,682

2,242

Investments

5

140,670

142,352

142,912

CURRENT ASSETS

Stocks

1,673,839

1,729,430

Debtors

6

452,571

24,809

Investments

7

1,147,327

1,184,914

Cash at bank and in hand

1,556,354

1,314,354

4,830,091

4,253,507

CREDITORS

Amounts falling due within one year

8

320,961

71,548

NET CURRENT ASSETS

4,509,130

4,181,959

TOTAL ASSETS LESS CURRENT
LIABILITIES

4,651,482

4,324,871

PROVISIONS FOR LIABILITIES

162,808

147,113

NET ASSETS

4,488,674

4,177,758

CAPITAL AND RESERVES

Called up share capital

9

10

Retained earnings

4,488,664

4,177,748

SHAREHOLDERS' FUNDS

4,488,674

4,177,758

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 27 September 2017 and were signed on its behalf
by:

J C Moyle - Director

1.	STATUTORY INFORMATION

Denric Securities 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.

Turnover

Turnover is the proceeds of stock realisation during the year , together with income arising from stock.

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

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 3 (2015 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2016

and 31 December 2016

16,625

DEPRECIATION

At 1 January 2016

14,383

Charge for year

560

At 31 December 2016

14,943

NET BOOK VALUE

At 31 December 2016

1,682

At 31 December 2015

2,242

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2016

and 31 December 2016

140,670

NET BOOK VALUE

At 31 December 2016

140,670

At 31 December 2015

140,670

The company owns 19% of the issued share capital of Mixed Farms 2014 Limited. The company is registered in

England & Wales and was incorporated on October 17, 2014.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

Trade debtors

6,024

13,481

Other debtors

441,731

685

Prepayments and accrued income

4,816

10,643

452,571

24,809

7.	CURRENT ASSET INVESTMENTS

31.12.16

31.12.15

£

Listed investments

1,147,327

1,184,914

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

Tax

118,757

37,238

Social security and other taxes

(257

)

(249

)

Other creditors

1,913

1,991

Lemoy Limited

28,918

Accruals and deferred income

171,630

3,650

320,961

71,548

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.16

31.12.15

value:

£

10

Ordinary Shares

£1

10

10.	CONTINGENT LIABILITIES

There are contingent liabilities in respect of :

(a) Dilapidations in respect of all leasehold interests owned by the company

(b) Repairs and renovations to properties on hand for sale.

It is not practicable to quantify the amount of these contingent liabilities.

No security has been provided in connection with these contingent liabilities.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Jonkim Limited.

It is the opinion of the directors that Mr John Moyle holds overall control of the company by virtue of his

shareholding in the parent company Jonkim Limited.

Denric Securities Limited - Accounts to registrar - small 17.2

Denric Securities Limited - Accounts to registrar - small 17.2