Stratford-on-Avon Development Company - Accounts to registrar - small 17.2

Stratford-on-Avon Development Company - Accounts to registrar - small 17.2

STRATFORD-ON-AVON DEVELOPMENT COMPANY LIMITED - Company Information

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REGISTERED NUMBER: 00156761















STRATFORD-ON-AVON DEVELOPMENT COMPANY
LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2017






STRATFORD-ON-AVON DEVELOPMENT COMPANY
LIMITED (REGISTERED NUMBER: 00156761)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


STRATFORD-ON-AVON DEVELOPMENT COMPANY
LIMITED (REGISTERED NUMBER: 00156761)

BALANCE SHEET
31 MARCH 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 650,000 650,000

CURRENT ASSETS
Debtors 5 11,935 10,675
Cash at bank 44,000 116,322
55,935 126,997
CREDITORS
Amounts falling due within one year 6 57,993 129,055
NET CURRENT LIABILITIES (2,058 ) (2,058 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
647,942
647,942

CREDITORS
Amounts falling due after more than one
year
7
500,000
500,000
NET ASSETS 147,942 147,942

CAPITAL AND RESERVES
Called up share capital 16,335 16,335
Capital redemption reserve 1,107 1,107
Retained earnings 130,500 130,500
SHAREHOLDERS' FUNDS 147,942 147,942

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 notes on pages 3 to 5 form part of these financial statements

1 continued...
STRATFORD-ON-AVON DEVELOPMENT COMPANY
LIMITED (REGISTERED NUMBER: 00156761)

BALANCE SHEET - continued
31 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.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 31 August 2017 and were signed on its
behalf by:





C Ironmonger - Director


The notes on pages 3 to 5 form part of these financial statements

2
STRATFORD-ON-AVON DEVELOPMENT COMPANY
LIMITED (REGISTERED NUMBER: 00156761)

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

1. STATUTORY INFORMATION

Stratford-on-Avon Development Company Limited is a private company limited by shares. The
company is registered in England under number 00156761 and the address of the registered office is
Barclays Bank Chambers, Stratford-upon-Avon, Warwickshire, CV37 6AH. The company's place of
business is The Old School, Tiddington, Stratford-upon-Avon, Warwickshire, CV37 7AW.

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 represents rental income, excluding value added tax. The turnover is derived wholly from
within the United Kingdom.

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 Profit and Loss
Account, 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 2 (2016 - 2 ) .

3 continued...
STRATFORD-ON-AVON DEVELOPMENT COMPANY
LIMITED (REGISTERED NUMBER: 00156761)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2016
and 31 March 2017 650,000
NET BOOK VALUE
At 31 March 2017 650,000
At 31 March 2016 650,000

Cost or valuation at 31 March 2017 is represented by:

£   
Valuation in 2003 123,390
Cost 526,610
650,000

If the investment property had not been revalued it would have been included at the following historical
cost:

2017 2016
£    £   
Cost 526,610 526,610

The investment property was valued on an open market basis on 31 March 2017 by a director .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Other debtors 11,935 10,675

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Taxation and social security - 1,140
Other creditors 57,993 127,915
57,993 129,055

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2017 2016
£    £   
Other creditors 500,000 500,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments
C A Rookes Charitable Trust 500,000 500,000

4 continued...
STRATFORD-ON-AVON DEVELOPMENT COMPANY
LIMITED (REGISTERED NUMBER: 00156761)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

2017 2016
£    £   
C A Rookes Charitable Trust 500,000 500,000

The loan from C A Rookes Charitable Trust is secured by a first legal charge over the company's
freehold investment property.

9. RELATED PARTY DISCLOSURES

Loans

Throughout the current and preceding year, the company was controlled by C A Rookes Charitable
Trust of which the directors of the company are the only trustees.

The company owed C A Rookes Charitable Trust £500,000 (2016 : £500,000) at the end of the year.
The loan is secured and is repayable on 31 March 2025, or earlier on twelve months prior written
notice by the Trustees to the company, or immediately if the company does not make interest payment
by the due dates. The loan carries interest at 2% above the Bank of England base rate.

5