Reef Estates (Aldgate 2) Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 07932810 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

REEF ESTATES (ALDGATE 2) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S A Deering

A K Sharma

A R Sharma

E Q Slater

P A Slater

J T Woolstencroft

SECRETARY:

E Q Slater

REGISTERED OFFICE:

14 Little Portland Street

London

W1W 8BN

REGISTERED NUMBER:

07932810 (England and Wales)

CURRENT ASSETS

Stocks

-

1,309,907

Debtors

3

-

1,448

Cash at bank

120,184

202

120,184

1,311,557

CREDITORS

Amounts falling due within one year

4

121,046

1,307,462

NET CURRENT (LIABILITIES)/ASSETS

(862

)

4,095

TOTAL ASSETS LESS CURRENT LIABILITIES

(862

)

4,095

CAPITAL AND RESERVES

Called up share capital

5

1

1

Retained earnings

(863

)

4,094

SHAREHOLDERS' FUNDS

(862

)

4,095

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 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 14 December 2017 and were signed on its behalf by:

E Q Slater - Director

1.	STATUTORY INFORMATION

Reef Estates (Aldgate 2) 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.

The financial statements for the year ended 31 March 2017 are the first financial statements that comply with

FRS 102 Section 1A small entities. The date of transition is 1 April 2015.

Turnover

Turnover represents the invoiced value of properties supplied by the company, net of value added tax.

Stocks and work in progress

Stocks are valued at the lower of cost and net realisable value.

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Amounts owed by group undertakings

-

1,448

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade creditors

600

1,132

Taxation and social security

119,846

-

Other creditors

600

1,306,330

121,046

1,307,462

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.17

31.3.16

value:

£

£

1

Ordinary

1

1

1

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date, other creditors falling due within one year includes an amount of £Nil (2016:

£435,000) due to the director, J T Woolstencroft and an amount of £Nil (2016: £435,000) due to the directors A

K Sharma and A R Sharma. These loans are currently free from any interest charge.

7.	RELATED PARTY DISCLOSURES

During the year, the company provided funding to its parent company, TGE Ventures Ltd. At the balance sheet

date, the amount due from TGE Ventures Ltd to Reef Estates (Aldgate 2) Ltd was £Nil (2016: £1,448).

At the balance sheet date, other creditors falling due within one year includes an amount of £Nil (2016:

£435,000) due to Foremark Estates Ltd. P A Slater and E Q Slater are directors and shareholders of Foremark

Estates Limited. The loan with Foremark Estates Ltd is currently free from any interest charge.

8.	ULTIMATE CONTROLLING PARTY

At the balance sheet date there was no ultimate controlling party of Reef Estates (Aldgate 2) Ltd.

9.	FIRST YEAR ADOPTION

There were no differences upon transition from UK GAAP to FRS 102.