Quay Investments Limited - Accounts to registrar (filleted) - small 17.3

Quay Investments Limited - Accounts to registrar (filleted) - small 17.3

QUAY INVESTMENTS LIMITED - Company Information

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REGISTERED NUMBER: 08305912 (England and Wales)







Unaudited Financial Statements for the Year Ended 31 March 2017

for

Quay Investments Limited
Quay Investments Limited (Registered number: 08305912)






Contents of the Financial Statements
for the Year Ended 31 March 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Quay Investments Limited

Company Information
for the Year Ended 31 March 2017







DIRECTORS: Dr J S Dhariwal
M S Dhariwal





SECRETARY: Dr J S Dhariwal





REGISTERED OFFICE: Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
BS32 4JY





REGISTERED NUMBER: 08305912 (England and Wales)





ACCOUNTANTS: Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
BS32 4JY
Page 1
Quay Investments Limited (Registered number: 08305912)

Balance Sheet
31 March 2017

31.3.17 31.3.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 42,530 56,707
Investment property 4 1,640,970 1,357,164
1,683,500 1,413,871

CURRENT ASSETS
Debtors 5 7,431 143,284
Cash at bank 60,777 44,603
68,208 187,887
CREDITORS
Amounts falling due within one year 6 1,108,273 1,104,947
NET CURRENT LIABILITIES (1,040,065 ) (917,060 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
643,435
496,811

CREDITORS
Amounts falling due after more than one
year
7
572,905
459,410
NET ASSETS 70,530 37,401

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 70,430 37,301
SHAREHOLDERS' FUNDS 70,530 37,401

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 notes form part of these financial statements

Page 2 continued...
Quay Investments Limited (Registered number: 08305912)

Balance Sheet - continued
31 March 2017


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 21 December 2017 and were signed on its behalf
by:





Dr J S Dhariwal - Director


The notes form part of these financial statements

Page 3
Quay Investments Limited (Registered number: 08305912)

Notes to the Financial Statements
for the Year Ended 31 March 2017

1. STATUTORY INFORMATION

Quay Investments 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.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A
These financial statements for the year ended 31 March 2017 are the first that are prepared in accordance with
FRS 102 Section 1A. The previous financial statements were prepared in accordance with UK GAAP, the date of
transition to FRS 102 Section 1A is 1 April 2015.

Turnover
Turnover represents rents receivable which are recognised on the accruals basis, in the period that they are due.

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 - 25% on reducing balance

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.

3. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 April 2016
and 31 March 2017 100,813
DEPRECIATION
At 1 April 2016 44,106
Charge for year 14,177
At 31 March 2017 58,283
NET BOOK VALUE
At 31 March 2017 42,530
At 31 March 2016 56,707

Page 4 continued...
Quay Investments Limited (Registered number: 08305912)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2017

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2016 1,357,164
Additions 283,806
At 31 March 2017 1,640,970
NET BOOK VALUE
At 31 March 2017 1,640,970
At 31 March 2016 1,357,164

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.17 31.3.16
£    £   
Other debtors - 135,737
Deferred tax asset
Accelerated capital allowances 4,824 4,612
Prepayments 2,607 2,935
7,431 143,284

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.17 31.3.16
£    £   
Bank loans and overdrafts 37,421 26,659
Trade creditors 479 2,668
Tax 10,016 5,910
Other creditors 927,289 947,289
Related party loans 105,796 3,046
Directors' current accounts 19,042 117,875
Accruals and deferred income 8,230 1,500
1,108,273 1,104,947

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.17 31.3.16
£    £   
Bank loans - 1-2 years 37,935 30,132
Bank loans - 2-5 years 116,895 93,485
Bank loans more 5 yr by instal 418,075 335,793
572,905 459,410

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 418,075 335,793

Page 5 continued...
Quay Investments Limited (Registered number: 08305912)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2017

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.17 31.3.16
value: £    £   
100 Ordinary £1 100 100

9. RELATED PARTY DISCLOSURES

Smile Care Holdings Limited and subsidiaries

Smile Care Holdings Limited owns 50% of the ordinary shares in Smile Care Twyford Limited
All other group companies listed below are owned 100% by Smile Care Holdings Limited.

The totals held at the balance sheet date are:

31.3.17 31.3.16
£    £   
Smile Care (Holdings) Limited (99,174 ) -
Smile Care Slough 24 Limited (3,575 ) (1,459 )
Smile Care Dorset Limited (559 ) (559 )
Smile Care Paignton Limited (674 ) (674 )
Smile Care (Cornwall) Limited (854 ) (353 )
Smile Care (Plymouth City) Limited (702 ) -
Bodmin Dental Care Limited (258 ) -
Total amount due to related party at the balance sheet date (105,796 ) (3,045 )

The loans are interest free, unsecured and repayable upon demand.

Transactions with these related parties during the year, are:

Loan repaid Loanadvanced
£    £   
Smile Care (Holdings) Limited - 99,174
Smile Care Slough 24 Limited - 2,119
Smile Care (Cornwall) Limited - 501
Smile Care (Plymouth City) Limited - 702
Bodmin Dental Care Limited - 258

Page 6