William Tyler & Co., Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 00352399 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

WILLIAM TYLER & CO., LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D I Fowler

R C Alexander

D P Alexander

REGISTERED OFFICE:

Tyler House,

58-66 Morley Road

Tonbridge

Kent

TN9 1RA

REGISTERED NUMBER:

00352399 (England and Wales)

SENIOR STATUTORY AUDITOR:

Graham Atkin FCA

AUDITORS:

Crane & Partners

Chartered Accountants & Statutory Auditors

Leonard House

5 - 7 Newman Road

Bromley

Kent

BR1 1RJ

FIXED ASSETS

Investments

4

992,995

742,207

Investment property

5

1,592,652

1,592,652

2,585,647

2,334,859

CURRENT ASSETS

Debtors

6

431,992

909,611

Cash at bank

1,538,345

899,029

1,970,337

1,808,640

CREDITORS

Amounts falling due within one year

7

98,362

117,069

NET CURRENT ASSETS

1,871,975

1,691,571

TOTAL ASSETS LESS CURRENT LIABILITIES

4,457,622

4,026,430

PROVISIONS FOR LIABILITIES

39,264

-

NET ASSETS

4,418,358

4,026,430

CAPITAL AND RESERVES

Called up share capital

8

500

500

Capital reserve

2,964

2,964

Retained earnings

4,414,894

4,022,966

SHAREHOLDERS' FUNDS

4,418,358

4,026,430

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 7 December 2017 and were signed on its behalf by:

D I Fowler - Director

1.	STATUTORY INFORMATION

William Tyler & Co., 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, excluding discounts,

rebates, value added tax and other sales taxes.

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.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at

the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of

exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at

the operating result.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 April 2016

742,207

Additions

154,686

Disposals

(134,241

)

Revaluations

230,343

At 31 March 2017

992,995

NET BOOK VALUE

At 31 March 2017

992,995

At 31 March 2016

742,207

Cost or valuation at 31 March 2017 is represented by:

Other

investments

£

Valuation in 2017

992,995

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2016

and 31 March 2017

1,592,652

NET BOOK VALUE

At 31 March 2017

1,592,652

At 31 March 2016

1,592,652

Fair value at 31 March 2017 is represented by:

£

Valuation in 2017

1,592,652

The properties were revalued on 31 March 2017 on an open market basis by the directors.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

28,020

37,888

Other debtors

403,972

871,723

431,992

909,611

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Taxation and social security

53,257

61,687

Other creditors

45,105

55,382

98,362

117,069

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

500

Ordinary

£1

500

500

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Graham Atkin FCA (Senior Statutory Auditor)

for and on behalf of Crane & Partners

10.	RELATED PARTY DISCLOSURES

During the year the company made the following related party transactions:

Related Party

Relationship

Nature of Transaction

John Tyler

Director of William Tyler & Co Limited

Charged rental income totalling £32,500. (2016: £70,000)

Tyler Holdings Limited

J Tyler, R Alexander, D Alexander and D Fowler are directors.

Charged administration and property management totalling £61,145. (2016: £43,823)

Tyler Projects Limited

A subsidiary of Tyler Holdings Limited (see above)

Balance outstanding, included within other debtors, totals £nil (2016: £120,000).

All the above transactions took place at market value on an arms length basis.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party of the company is the Tyler family.