Spracklen Limited - Accounts to registrar (filleted) - small 17.3
Spracklen Limited - Accounts to registrar (filleted) - small 17.3
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MARCH 2017 |
FOR |
SPRACKLEN LIMITED |
SPRACKLEN LIMITED (REGISTERED NUMBER: 02076281) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MARCH 2017 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
SPRACKLEN LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31ST MARCH 2017 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Mercury House |
19-21 Chapel Street |
Marlow |
Buckinghamshire |
SL7 3HN |
SPRACKLEN LIMITED (REGISTERED NUMBER: 02076281) |
BALANCE SHEET |
31ST MARCH 2017 |
31.3.17 | 31.3.16 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investment property | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | 10 |
SHAREHOLDERS' FUNDS |
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. |
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 by: |
SPRACKLEN LIMITED (REGISTERED NUMBER: 02076281) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MARCH 2017 |
1. | STATUTORY INFORMATION |
Spracklen Limited is a |
registered number and registered office address can be found on the Company Information page. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents rents received, excluding value added tax. |
Tangible fixed assets |
Improvements to property | - |
Plant and machinery | - |
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. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
scheme are charged to profit or loss in the period to which they relate. |
Investment properties |
The accounting treatment of investment properties is dealt with in accordance with the Financial Reporting |
Standards for Smaller Entities (effective June 2002). The properties are included in the balance sheet at their |
open market value, no depreciation being provided. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Improvements |
to | Plant and |
property | machinery | Totals |
£ | £ | £ |
COST OR VALUATION |
At 1st April 2016 |
Disposals | ( |
) | ( |
) | ( |
) |
At 31st March 2017 |
DEPRECIATION |
At 1st April 2016 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) | ( |
) |
At 31st March 2017 |
NET BOOK VALUE |
At 31st March 2017 |
At 31st March 2016 |
SPRACKLEN LIMITED (REGISTERED NUMBER: 02076281) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST MARCH 2017 |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1st April 2016 |
Revaluations | 327,726 |
At 31st March 2017 |
NET BOOK VALUE |
At 31st March 2017 |
At 31st March 2016 |
Fair value at 31st March 2017 is represented by: |
£ |
Valuation in 2017 | 2,512,566 |
If the investment properties had not been revalued they would have been included at the following historical |
cost: |
31.3.17 | 31.3.16 |
£ | £ |
Cost | 1,231,140 | 1,231,140 |
The investment properties were valued on an open market basis on 31st March 2017 by the company directors . |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.17 | 31.3.16 |
£ | £ |
Trade debtors |
Amounts due from connected company | 95,000 | 95,000 |
Directors' current accounts | - | 7,928 |
Prepayments |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.17 | 31.3.16 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Tax |
Social security and other taxes |
Other creditors |
Directors' current accounts | 13,865 | - |
Accruals & deferred income |
SPRACKLEN LIMITED (REGISTERED NUMBER: 02076281) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST MARCH 2017 |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.3.17 | 31.3.16 |
£ | £ |
Bank loan 1-2 years |
Bank loan 2-5 years |
Bank loans more 5 yr by instal |
Amounts falling due in more than five years: |
Repayable by instalments |
Bank loans more 5 yr by instal | 129,426 | 126,476 |
9. | SECURED DEBTS |
The following secured debts are included within creditors: |
31.3.17 | 31.3.16 |
£ | £ |
Bank loans |
The amount owed to the company's bankers is secured by a legal mortgage over the leasehold property at 2 |
Cameron House, Court Road, Maidenhead, Berkshire. |
10. | RESERVES |
Reserves are made up as follows:- |
Distributable reserves £527,711 |
Non Distributable reserves £1,281,426 |
11. | RELATED PARTY DISCLOSURES |
During the year, a shareholder Mr G Spracklen, lived in one of the company's investment properties rent free. |
Market rent of £6,000 (2016 : £6,000) per annum was included in the company's turnover and profit for the year. |
This amount has been treated as a dividend distribution. |