St.Denys Property Investments Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 00780354 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

ST.DENYS PROPERTY INVESTMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

6

DIRECTORS:

Mr E M Samuel - Camps

Mrs B M Samuel-Camps

SECRETARY:

Mrs B M Samuel-Camps

REGISTERED OFFICE:

Avebury House

St Peters Street

Winchester

Hampshire

SO23 8BN

REGISTERED NUMBER:

00780354 (England and Wales)

ACCOUNTANTS:

Rothman Pantall LLP

Chartered Accountants

Chilworth Point

1 Chilworth Road

Southampton

SO16 7JQ

FIXED ASSETS

Investments

4

5

5

Investment property

5

168,883

168,883

168,888

168,888

CURRENT ASSETS

Debtors

6

16,590

19,411

Cash at bank

4,772

3,755

21,362

23,166

CREDITORS

Amounts falling due within one year

7

125,848

135,858

NET CURRENT LIABILITIES

(104,486

)

(112,692

)

TOTAL ASSETS LESS CURRENT LIABILITIES

64,402

56,196

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

8

65,439

65,439

Retained earnings

(1,137

)

(9,343

)

SHAREHOLDERS' FUNDS

64,402

56,196

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 29 December 2017 and were signed on its behalf by:

Mr E M Samuel - Camps - Director

1.	STATUTORY INFORMATION

St.Denys Property 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.

SIGNIFICANT JUDGEMENTS AND ESTIMATES

Inherent in the application of many of the accounting policies used in preparing the financial statements is the

need for directors to make judgements, estimates and assumptions that affect the reported amount of assets

and liabilities at the date of the financial statement and the reporting amounts of revenues and expenses during

the year. Actual outcomes could differ from those estimates and assumptions used. The accounting judgements

and estimates that could have significant impact on the results of the company are set out below and should be

read in conjunction with the information provided in the Notes to the financial statements:

Critical Judgements

>

Management determine whether financial instruments are basic or advanced and when to deal with recognising, derecognising, measuring and disclosing financial instruments. These decisions depend on an assessment made of the accounting standards.

>

The management determine the point of recognition of revenue. Factors taken into consideration in reaching such a decision include an assessment of whether the risks and rewards of ownership have been transferred to the customer.

Significant Estimates

>

Where there are indications of impairment to trade debtors, management perform an impairment test. The amount of the loss is determined by looking at the carrying value of the trade debtor and comparing it with the present value of the estimated cash flows discounted at the effective interest rate.

REVENUE RECOGNITION

Turnover represents the amount derived from rental activities, and is stated after trade discounts, other sales

taxes and net of VAT. Turnover is recognised per the rental agreement terms.

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.

PENSIONS

The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss

account as they become payable in accordance with the rules of the scheme.

SHORT-TERM DEBTORS AND CREDITORS

Debtors and creditors receivable and payable within one year or upon demand are recorded at transaction price

whether or not a rate of interest is charged on the balance.

TRANSITION

In preparing the accounts, the directors have considered that in applying the accounting policies required by

Section 1A "Small Entities" of Financial Reporting Standard 102 that no subsequent restatement of items has

been required in making the transition. The transition date was 1 April 2015.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2016 - 1 ) .

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2016

and 31 March 2017

5

NET BOOK VALUE

At 31 March 2017

5

At 31 March 2016

5

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2016

and 31 March 2017

168,883

NET BOOK VALUE

At 31 March 2017

168,883

At 31 March 2016

168,883

Investment properties are included at a valuation of £168,883 at 31 March 2017 (2016: £168,883). This valuation

is based on an assessment of open market value of the property as determined by the partners based on a

review of local property trends.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Recoverable S455 tax

16,590

19,411

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

133

1,999

Tax

2,722

664

Other creditors

13,986

13,986

Loan from pension scheme

60,749

70,773

Directors' current accounts

45,190

45,669

Deferred income

2,568

2,567

Accrued expenses

500

200

125,848

135,858

8.

RESERVES

Revaluation

reserve

£

At 1 April 2016

and 31 March 2017

65,439

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the beginning of the year the Directors were owed £45,669 by the company. During the year the Directors

withdrew the sum of £479, an amount of £45,190 was owed by the company at the balance sheet date. The loan

is repayable on demand, no interest is being charged on the loan and no security has been provided on this

balance.

10.	RELATED PARTY DISCLOSURES

At the beginning of the year an associated entity was owed £70,773 by the company. During the year the

company repaid amounts totalling £9,984 which included interest in the sum of £2,944, an amount of £60,749

was owed by the company at the balance sheet date.

The following reproduces the text of the report prepared for the directors and members 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 St.Denys Property Investments 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 St.Denys Property Investments 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 St.Denys Property Investments Limited and state those matters that we have agreed to state to the Board of Directors of St.Denys Property Investments 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 St.Denys Property Investments Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that St.Denys Property Investments 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 St.Denys Property Investments Limited. You consider that St.Denys Property Investments 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 St.Denys Property Investments 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.

Rothman Pantall LLP

Chartered Accountants

Chilworth Point

1 Chilworth Road

Southampton

SO16 7JQ

Date: .............................................