R. W. Corbett Investments Ltd - Accounts to registrar - small 17.2

REGISTERED NUMBER: 06313981 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

R. W. Corbett Investments Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R Corbett

SECRETARY:

Mrs S Corbett

REGISTERED OFFICE:

65 Baring Road

Lee

London

SE12 0JS

REGISTERED NUMBER:

06313981 (England and Wales)

ACCOUNTANTS:

Thornton Springer LLP

Chartered Accountants

67 Westow Street

Upper Norwood

London

SE19 3RW

FIXED ASSETS

Tangible assets

4

771

-

Investment property

5

2,789,701

2,430,000

2,790,472

2,430,000

CURRENT ASSETS

Cash at bank

4,367

109,951

CREDITORS

Amounts falling due within one year

6

(375,294

)

(414,704

)

NET CURRENT LIABILITIES

(370,927

)

(304,753

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,419,545

2,125,247

CREDITORS

Amounts falling due after more than one year

7

(975,602

)

(718,921

)

PROVISIONS FOR LIABILITIES

(197,204

)

(205,972

)

NET ASSETS

1,246,739

1,200,354

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Non distributable reserves

983,048

974,280

Retained earnings

262,691

225,074

SHAREHOLDERS' FUNDS

1,246,739

1,200,354

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 director acknowledges his 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 director on 8 August 2017 and were signed by:

R Corbett - Director

1.	STATUTORY INFORMATION

R. W. Corbett Investments Ltd 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.	STATEMENT OF COMPLIANCE

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. This is the first year of adoption of FRS102 section 1A. The transitional adjustments are included in the notes to the financial statements.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the recognition

of certain financial assets and liabilities measured at fair value.

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

No depreciation is provided on either the freehold or leasehold properties.

Investment property

Investment properties are initially recognised at cost which includes purchase cost and any directly attributable

expenditure. Investment properties are measured at fair value. The surplus or deficit arising on the revaluation

of investment properties at their fair values are recognised in the income statement.

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.

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

1,028

At 31 March 2017

1,028

DEPRECIATION

Charge for year

257

At 31 March 2017

257

NET BOOK VALUE

At 31 March 2017

771

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2016

2,430,000

Additions

359,701

At 31 March 2017

2,789,701

NET BOOK VALUE

At 31 March 2017

2,789,701

At 31 March 2016

2,430,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Taxation and social security

9,273

12,648

Other creditors

366,021

402,056

375,294

414,704

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.17

31.3.16

£

£

Other creditors

975,602

718,921