Deben Holdings Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 01667823 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2017

for

Deben Holdings Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

A R Harding

J Harding

R C Harding

REGISTERED OFFICE:

Lakeview House

4 Woodbrook Crescent

Billericay

Essex

CM12 0EQ

REGISTERED NUMBER:

01667823 (England and Wales)

ACCOUNTANTS:

Mudd Partners LLP

Chartered Accountants

Lakeview House

4 Woodbrook Crescent

Billericay

Essex

CM12 0EQ

FIXED ASSETS

Tangible assets

3

1,248

1,662

Investment property

4

419,457

371,930

420,705

373,592

CURRENT ASSETS

Debtors

5

80,383

80,383

Cash at bank

15,906

21,367

96,289

101,750

CREDITORS

Amounts falling due within one year

6

183,800

145,631

NET CURRENT LIABILITIES

(87,511

)

(43,881

)

TOTAL ASSETS LESS CURRENT LIABILITIES

333,194

329,711

PROVISIONS FOR LIABILITIES

21,680

24,538

NET ASSETS

311,514

305,173

CAPITAL AND RESERVES

Called up share capital

7

100

100

Fair value reserve

8

150,767

147,988

Retained earnings

160,647

157,085

SHAREHOLDERS' FUNDS

311,514

305,173

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 19 December 2017 and were signed on its behalf by:

A R Harding - Director

1.	STATUTORY INFORMATION

Deben Holdings 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods and services net of

VAT and trade discounts.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance and 20% on cost

Tangible fixed assets are stated at cost (deemed cost) or valuation less accumulated depreciation and

accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating

as intended. Any revaluation gains or losses recognised in other comprehensive income. Revaluations shall be

made with sufficient regularity to ensure that carrying amount does not differ materially from that which would

be determined using fair value at the end of the reporting period.

Investment property

Investment properties for which fair value can be measured reliably without undue cost or effort are measured at

fair value at each reporting date with changes in fair value recognised in profit or loss.

Financial instruments

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at

transaction price. Any losses arising from impairment are recognised in the profit and loss account in other

administrative expenses.

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently,

they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement

constitutes a finance transaction it is measured at present value.

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.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2016

and 31 March 2017

17,540

DEPRECIATION

At 1 April 2016

15,878

Charge for year

414

At 31 March 2017

16,292

NET BOOK VALUE

At 31 March 2017

1,248

At 31 March 2016

1,662

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2016

371,930

Additions

47,527

At 31 March 2017

419,457

NET BOOK VALUE

At 31 March 2017

419,457

At 31 March 2016

371,930

Fair value at 31 March 2017 is represented by:

£

Valuation in 2017

172,210

Cost

247,247

419,457

If Investment property had not been revalued it would have been included at the following historical cost:

31.3.17

31.3.16

£

£

Cost

199,720

199,720

Investment property was valued on open market basis on 31 March 2017 by an open market .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Other debtors

80,383

80,383

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Taxation and social security

973

2,692

Other creditors

182,827

142,939

183,800

145,631

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.17

31.3.16

value:

£

£

100

Ordinary

£1

100

100

8.

RESERVES

Fair

value

reserve

£

At 1 April 2016

147,988

Transfer of unrealised gains

2,779

At 31 March 2017

150,767

9.	FIRST YEAR ADOPTION

At the date of transition, the company held an investment property and respective revaluation reserve. Under

FRS 102 deferred tax should be recognised on investment property revaluations. At transition, the investment

property revaluation reserve of £172,210 was transferred to a fair value reserve and deferred tax of £24,954 was

provided against this.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Deben Holdings Limited for the year ended 31 March 2017 which comprise the Income

Statement, Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Deben Holdings Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Deben Holdings Limited and state those matters that we have agreed to state to the Board of Directors of Deben Holdings Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Deben Holdings Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Deben Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Deben Holdings Limited. You consider that Deben Holdings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Deben Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Mudd Partners LLP

Chartered Accountants

Lakeview House

4 Woodbrook Crescent

Billericay

Essex

CM12 0EQ

19 December 2017