pinacle - Company Accounts (iXBRL 6.0.16)

NHG ESTATES LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 JANUARY 2017

COMPANY REGISTRATION NUMBER - 08347683

	1.
NHG ESTATES LIMITED
COMPANY NUMBER - 08347683
BALANCE SHEET AS AT 31 JANUARY 2017

			2017		2016
			----		----
	Notes	£	£	£	£

FIXED ASSETS
Tangible assets	4		1,353,703		1,543,322
CURRENT ASSETS
Debtors	5	21,889		297,576
Cash at bank and in hand		423		2,729
		22,312		300,305
CURRENT LIABILITIES
CREDITORS - Amounts
falling due within one year	6	292,830		533,105
NET CURRENT LIABILITIES			(270,518)		(232,800)
TOTAL ASSETS LESS CURRENT LIABILITIES			1,083,185		1,310,522
CREDITORS - Amounts falling
due after more than one year	6		(353,060)		(796,340)
NET ASSETS			730,125		514,182
CAPITAL AND RESERVES
Called up share capital			1		1
Profit and loss account			730,124		514,181
SHAREHOLDERS' FUNDS			730,125		514,182

These financial statements have been prepared in accordance with the provisions of FRS102 Section 1A of the Companies Act 2006 relating to small companies. In accordance with section 444 of the Companies Act 2006, the directors' report and the profit and loss account have not been delivered.

For the financial year ended 31 January 2017, the company was entitled to exemption from audit under section 477 of the Companies Act 2006; and no notice has been deposited under section 476.

The members have not required the company to obtain an audit.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

Approved by the board of directors on31 October 2017
and signed on their behalf by:
G FRANK
The notes on pages 2 to 3 form an integral part of these accounts.

	2.
NHG ESTATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 JANUARY 2017
1. COMPANY INFORMATION

NHG Estates Ltd is a Private Company, limited by shares, domiciled in England and Wales, registration number 08347683.

The company's registered office is New Maxdov House, 130 Bury New Road, Prestwich, M25 0AA.

2. ACCOUNTING POLICIES

BASIS OF ACCOUNTING

The financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below. These financial statements have been prepared in accordance with FRS102, section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

This is the first year in which the financial statements have been prepared under FRS102. Details of the transition to FRS 102 are disclosed in note 7.

The financial statements are presented in pounds sterling, which is the functional currency of the entity.

REVENUE RECOGNITION

Turnover is measured at the fair value of the consideration received or receivable and represents rents receivable. Turnover is reduced for estimated rebates and other similar allowances.

INVESTMENT PROPERTIES

Investment property is carried at fair value as determined by the director. Revaluation surpluses and deficits are recognised in the profit and loss account. Deferred taxation is provided on these gains or losses at the rate that is expected to apply to them when the property is sold.

FINANCIAL INSTRUMENTS

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

3. EMPLOYEES

The average number of persons employed by the company (including directors) during the year was 1 (2016 - 1).

	3.
NHG ESTATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 JANUARY 2017

4. FIXED ASSETS - TANGIBLE

	Land and
	Buildings
Fair Value	£
At 1 February 2016	1,543,322
Disposals	(189,619)
At 31 January 2017	1,353,703
Net book values
At 31 January 2017	1,353,703
At 1 February 2016	1,543,322

	2017		2016
	----		----
	£		£
5. DEBTORS
Due within one year:
Other debtors	21,889		297,576

6. CREDITORS

Amounts falling due within one year:

Trade creditors	178,094		239,537
Taxation and social security	113,986		130,129
Other creditors	750		163,439
	292,830		533,105
Amounts falling due after one year:
Other creditors:
Other	353,060		796,340

7. IMPACT OF FIRST YEAR ADOPTION OF FRS102

The accounting policies applied under the company's previous accounting framework are not materially different to FRS 102 and have not impacted on equity or the profit or loss.