ANGELANA INVESTMENTS LIMITED - Accounts to registrar (filleted) - small 17.3
ANGELANA INVESTMENTS LIMITED - Accounts to registrar (filleted) - small 17.3
| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 AUGUST 2017 |
| FOR |
| ANGELANA INVESTMENTS LIMITED |
| ANGELANA INVESTMENTS LIMITED (REGISTERED NUMBER: 02638854) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 August 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| ANGELANA INVESTMENTS LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 August 2017 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| 12 Gateway Mews |
| Ring Way |
| London |
| N11 2UT |
| ANGELANA INVESTMENTS LIMITED (REGISTERED NUMBER: 02638854) |
| BALANCE SHEET |
| 31 August 2017 |
| 31.8.17 | 31.8.16 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| Investment property | 6 |
| CURRENT ASSETS |
| Debtors | 7 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
9 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Fair value reserve | 11 |
| 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. |
| ANGELANA INVESTMENTS LIMITED (REGISTERED NUMBER: 02638854) |
| BALANCE SHEET - continued |
| 31 August 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: |
| ANGELANA INVESTMENTS LIMITED (REGISTERED NUMBER: 02638854) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 August 2017 |
| 1. | STATUTORY INFORMATION |
| ANGELANA INVESTMENTS LIMITED is a |
| 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 |
| Turnover |
| Turnover represents net invoiced sales of trading property and rent receivable, excluding value added tax. |
| Profit on sale of investment property is included within other operating income. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| Investments in subsidiaries and associates |
| Investments in subsidiary and associate undertakings are recognised at cost. |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in |
| fair value is recognised in profit or loss. Deferred taxation is provided on such surplus or deficit at the rate |
| expected to apply when the property is sold. |
| The fair value profits on investment property is not a realised profit available for distribution. In order to |
| differentiate the non-distributable proftits with the distributable profits of the company, any fair value |
| movements on investment property less the deferred tax on such movements is transferred from retained earnings |
| to fair value reserves, which is a non-distributable reserve. |
| 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. |
| ANGELANA INVESTMENTS LIMITED (REGISTERED NUMBER: 02638854) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 August 2017 |
| 2. | ACCOUNTING POLICIES - continued |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held |
| under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases |
| are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element |
| of the future payments is treated as a liability. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
| scheme are charged to profit or loss in the period to which they relate. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and | Motor | Computer |
| fittings | vehicles | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 September 2016 |
| Additions |
| At 31 August 2017 |
| DEPRECIATION |
| At 1 September 2016 |
| Charge for year |
| At 31 August 2017 |
| NET BOOK VALUE |
| At 31 August 2017 |
| At 31 August 2016 |
| ANGELANA INVESTMENTS LIMITED (REGISTERED NUMBER: 02638854) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 August 2017 |
| 4. | TANGIBLE FIXED ASSETS - continued |
| Fixed assets, included in the above, which are held under finance leases are as follows: |
| Motor |
| vehicles |
| £ |
| COST |
| At 1 September 2016 |
| and 31 August 2017 |
| DEPRECIATION |
| At 1 September 2016 |
| Charge for year |
| At 31 August 2017 |
| NET BOOK VALUE |
| At 31 August 2017 |
| At 31 August 2016 |
| 5. | FIXED ASSET INVESTMENTS |
| Shares in | Interest |
| group | in |
| undertakings | associate | Totals |
| £ | £ | £ |
| COST |
| At 1 September 2016 |
| and 31 August 2017 | 150 |
| NET BOOK VALUE |
| At 31 August 2017 | 150 |
| At 31 August 2016 | 150 |
| 6. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 September 2016 |
| Additions |
| Revaluations | 6,579,962 |
| At 31 August 2017 |
| NET BOOK VALUE |
| At 31 August 2017 |
| At 31 August 2016 |
| ANGELANA INVESTMENTS LIMITED (REGISTERED NUMBER: 02638854) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 August 2017 |
| 6. | INVESTMENT PROPERTY - continued |
| Fair value at 31 August 2017 is represented by: |
| £ |
| Valuation in 2000 | 1,177,885 |
| Valuation in 2002 | 568,464 |
| Valuation in 2003 | 934,228 |
| Valuation in 2004 | 128,214 |
| Valuation in 2005 | 891,031 |
| Valuation in 2007 | 3,680,143 |
| Valuation in 2010 | (605,032 | ) |
| Valuation in 2013 | 85,636 |
| Valuation in 2014 | 5,311,870 |
| Valuation in 2017 | 6,579,962 |
| Cost | 16,357,600 |
| 35,110,001 |
| If investment property had not been revalued it would have been included at the following historical cost: |
| 31.8.17 | 31.8.16 |
| £ | £ |
| Cost | 16,357,600 | 16,312,850 |
| Investment property was valued on an open market basis in 2017 as follows: Allsop Property Consultants |
| £33,390,000 and the director M Economides £1,720,000. |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.8.17 | 31.8.16 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.8.17 | 31.8.16 |
| £ | £ |
| Bank loans and overdrafts |
| Finance leases |
| Taxation and social security |
| Other creditors |
| ANGELANA INVESTMENTS LIMITED (REGISTERED NUMBER: 02638854) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 August 2017 |
| 9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.8.17 | 31.8.16 |
| £ | £ |
| Bank loans |
| Finance leases |
| Other creditors |
| Amounts falling due in more than five years: |
| Repayable otherwise than by instalments |
| Bank loans more 5 yrs non-inst |
| Other loans more 5yrs non-inst |
| Repayable by instalments |
| Bank loans more 5 yr by instal | 414,525 | 442,111 |
| 10. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 31.8.17 | 31.8.16 |
| £ | £ |
| Bank overdrafts |
| Bank loans |
| The bank overdrafts and bank loans are secured by way of a legal charge over the company's investment property |
| and a debenture over the company's assets. |
| 11. | RESERVES |
| Fair |
| value |
| reserve |
| £ |
| At 1 September 2016 |
| Fair value movements net of deferred tax trfd from retained earnings |
5,607,326 |
| At 31 August 2017 |
| 12. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling party are the directors M Economides and Mrs A Economides. |