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

REGISTERED NUMBER: 07696969 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1ST JANUARY 2016 TO 31ST MARCH 2017

FOR

EGREMONT INVESTMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

7

DIRECTORS:

D M Rogers

Ms M J Conti

SECRETARY:

Albany Nominees Limited

REGISTERED OFFICE:

3rd Floor Hanover House

118 Queens Road

Brighton

East Sussex

BN1 3XG

REGISTERED NUMBER:

07696969 (England and Wales)

ACCOUNTANTS:

JS&CO LLP

3rd Floor, Hanover House

118 Queens Road

Brighton

East Sussex

BN1 3XG

FIXED ASSETS

Investments

3

750

997

Investment property

4

366,790

120,360

367,540

121,357

CURRENT ASSETS

Debtors

5

26,482

784

Prepayments and accrued income

6,681

26,190

Cash at bank and in hand

12,423

1,979

45,586

28,953

CREDITORS

Amounts falling due within one year

6

(290,923

)

(56,496

)

NET CURRENT LIABILITIES

(245,337

)

(27,543

)

TOTAL ASSETS LESS CURRENT LIABILITIES

122,203

93,814

CREDITORS

Amounts falling due after more than one year

7

(77,250

)

(77,250

)

PROVISIONS FOR LIABILITIES

(7,243

)

(3,534

)

NET ASSETS

37,710

13,030

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

9

37,708

13,028

SHAREHOLDERS' FUNDS

37,710

13,030

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st March 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st 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 19th December 2017 and were signed on its behalf by:

D M Rogers - Director

1.	STATUTORY INFORMATION

Egremont 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 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.

Investments in subsidiaries

Investments in subsidiary 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.

3.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1st January 2016

997

Disposals

(247

)

At 31st March 2017

750

NET BOOK VALUE

At 31st March 2017

750

At 31st December 2015

997

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st January 2016

120,360

Additions

227,885

Revaluations

18,545

At 31st March 2017

366,790

NET BOOK VALUE

At 31st March 2017

366,790

At 31st December 2015

120,360

Fair value at 31st March 2017 is represented by:

£

Valuation in 2015

17,669

Valuation in 2017

18,545

Cost

330,576

366,790

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.12.15

£

£

Amounts owed by group undertakings

698

-

Other debtors

25,784

784

26,482

784

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.12.15

£

£

Taxation and social security

2,461

384

Other creditors

288,462

56,112

290,923

56,496

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.17

31.12.15

£

£

Bank loans

77,250

77,250

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

77,250

77,250

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.17

31.12.15

£

£

Bank loans

77,250

77,250

9.

RESERVES

Retained

earnings

£

At 1st January 2016

13,028

Profit for the period

24,680

At 31st March 2017

37,708

Retained earnings are made up as follows:

31.03.17

31.12.15

£

£

Distributable reserves

8,737

(1,107

)

Revaluation reserves

28,971

14,136

Retained earnings

37,708

13,029

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31st March 2017 and the year

ended 31st December 2015:

31.3.17

31.12.15

£

£

Ms M J Conti

Balance outstanding at start of period

-

498

Amounts repaid

(395

)

(498

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

(395

)

-

D M Rogers

Balance outstanding at start of period

(51,055

)

(130

)

Amounts advanced

5,000

-

Amounts repaid

(238,000

)

(50,925

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

(284,055

)

(51,055

)

11.	RELATED PARTY DISCLOSURES

During the period an amount of £35,000 was loaned by the company to 1 Brittany Road Ltd, a subsidiary

company. At the period end a balance of £25,003 remained owing to the company.

12.	ULTIMATE CONTROLLING PARTY

The company is under the control of the directors.

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 Egremont Investments Limited for the period ended 31st 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Egremont 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 Egremont Investments Limited and state those matters that we have agreed to state to the Board of Directors of Egremont Investments Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Egremont 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 Egremont Investments Limited. You consider that Egremont Investments Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Egremont 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.

JS&CO LLP

3rd Floor, Hanover House

118 Queens Road

Brighton

East Sussex

BN1 3XG

19th December 2017