Boxgrove Estates Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 08230514 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

Boxgrove Estates Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J E H Shepherd

SECRETARY:

REGISTERED OFFICE:

30B Southgate

Chichester

West Sussex

PO19 1DP

REGISTERED NUMBER:

08230514 (England and Wales)

ACCOUNTANTS:

Robert Sadler & Company Ltd

Chartered Accountants

30B Southgate

Chichester

West Sussex

PO19 1DP

FIXED ASSETS

Investments

4

2,804,412

2,774,537

CURRENT ASSETS

Cash at bank

36,430

8,223

CREDITORS

Amounts falling due within one year

744,402

684,401

NET CURRENT LIABILITIES

(707,972

)

(676,178

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,096,440

2,098,359

CREDITORS

Amounts falling due after more than one year

(1,156,136

)

(1,278,705

)

PROVISIONS FOR LIABILITIES

(161,324

)

-

NET ASSETS

778,980

819,654

CAPITAL AND RESERVES

Called up share capital

99

99

Non- distributable reserve from revaluation

736,187

839,755

Retained earnings

42,694

(20,200

)

SHAREHOLDERS' FUNDS

778,980

819,654

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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 29 November 2017 and were signed by:

J E H Shepherd - Director

1.	STATUTORY INFORMATION

Boxgrove 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.

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 1 .

4.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST OR VALUATION

At 1 April 2016

2,774,537

Additions

142,008

Disposals

(169,889

)

Revaluations

57,756

At 31 March 2017

2,804,412

NET BOOK VALUE

At 31 March 2017

2,804,412

At 31 March 2016

2,774,537

Cost or valuation at 31 March 2017 is represented by:

Totals

£

If the Craigard Syndicates had not been revalued they would have been included at the following historical cost:

31.3.17

31.3.16

£

£

Cost

1,914,982

1,914,982

The Spectrum Syndicate was valued on an open market basis on 31 March 2017 by the director .

The investment held in joint ventures of £2,804,412 consists of the cost of percentage shares in two investment property

syndicates net of accumulated income deficits and repayments made.