Theoberry Limited - Accounts to registrar (filleted) - small 17.3
Theoberry Limited - Accounts to registrar (filleted) - small 17.3
| REGISTERED NUMBER: |
| Theoberry Limited |
| Unaudited Financial Statements |
| for the Year Ended |
| 31st March 2017 |
| Theoberry Limited (Registered number: 01454118) |
| Contents of the Financial Statements |
| for the Year Ended 31st March 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Theoberry Limited |
| Company Information |
| for the Year Ended 31st March 2017 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 2nd Floor |
| 8 Charterhouse Buildings |
| Goswell Road |
| London |
| EC1M 7AN |
| Theoberry Limited (Registered number: 01454118) |
| Balance Sheet |
| 31st March 2017 |
| 2017 | 2016 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 3 |
| Investments | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Revaluation reserve | 10 |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS |
| 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. |
| Theoberry Limited (Registered number: 01454118) |
| Balance Sheet - continued |
| 31st March 2017 |
| 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 by: |
| Theoberry Limited (Registered number: 01454118) |
| Notes to the Financial Statements |
| for the Year Ended 31st March 2017 |
| 1. | STATUTORY INFORMATION |
| Theoberry Limited is a |
| registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents rents and service charges received from letting of freehold property. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost. |
| Investment property |
| Investment properties are included in the balance sheet at open market value. Depreciation is provided only on |
| those properties which are leasehold and where the unexpired term is less than 20 years. |
| Although this is in accordance with FRS 102 (1A) it is a departure from the general requirements of the |
| Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the |
| standard is necessary for the financial statements to give a true and fair view. Depreciation is only one of many |
| factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot |
| be separately identified or quantified. |
| 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. |
| Depreciation of investment property |
| Depreciation is only one of many factors reflected in the annual valuation and the amount which might otherwise |
| have been shown cannot be separately identified or quantified. |
| Theoberry Limited (Registered number: 01454118) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st March 2017 |
| 3. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and |
| fittings |
| £ |
| COST |
| At 1st April 2016 |
| and 31st March 2017 |
| DEPRECIATION |
| At 1st April 2016 |
| Charge for year |
| At 31st March 2017 |
| NET BOOK VALUE |
| At 31st March 2017 |
| At 31st March 2016 |
| 4. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakings |
| £ |
| COST |
| At 1st April 2016 |
| and 31st March 2017 |
| NET BOOK VALUE |
| At 31st March 2017 |
| At 31st March 2016 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1st April 2016 |
| and 31st March 2017 |
| NET BOOK VALUE |
| At 31st March 2017 |
| At 31st March 2016 |
| Fair value at 31st March 2017 is represented by: |
| £ |
| Valuation in 2016 | 800,000 |
| Theoberry Limited (Registered number: 01454118) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st March 2017 |
| 5. | INVESTMENT PROPERTY - continued |
| If investment property had not been revalued it would have been included at the following historical cost: |
| 2017 | 2016 |
| £ | £ |
| Cost | 54,125 | 54,125 |
| Investment property was valued on open market basis on by Mr J F C Harness . |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Bank loans and overdrafts |
| Other creditors |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Bank loans |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans | 349,416 | 349,414 |
| 9. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2017 | 2016 |
| £ | £ |
| Bank loans |
| Theoberry Limited (Registered number: 01454118) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st March 2017 |
| 10. | RESERVES |
| Revaluation |
| reserve |
| £ |
| At 1st April 2016 |
| Deferred tax | 7,693 |
| At 31st March 2017 |
| 11. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the years ended 31st March 2017 and |
| 31st March 2016: |
| 2017 | 2016 |
| £ | £ |
| Balance outstanding at start of year | ( |
) | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year | ( |
) | ( |
) |
| Balance outstanding at start of year | ( |
) | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year | ( |
) | ( |
) |
| A lease has been granted to J.F.C. Harness and E.J. Bellsham-Revell on the ground floor flat of the freehold |
| property at 63 Highbury New Park, London N.5. for a period of 99 years from 29th September 1986, under |
| which a rental of £50 per annum is paid to the company. |
| 12. | RELATED PARTY DISCLOSURES |
| The controlling parties are J.F.C Harness and E.J.Bellsham-Revell by virtue of owning 50 shares and 50 shares |
| respectively of the issued ordinary share capital in the company. |