Colegrove Estates Limited - Accounts to registrar (filleted) - small 17.3

Colegrove Estates Limited - Accounts to registrar (filleted) - small 17.3

COLEGROVE ESTATES LIMITED - Company Information

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REGISTERED NUMBER: 08418202 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2017

for

Colegrove Estates Limited
Colegrove Estates Limited (Registered number: 08418202)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

Colegrove Estates Limited

Company Information
for the Year Ended 31 March 2017







DIRECTOR: C Blundell





SECRETARY: Mrs A Blundell





REGISTERED OFFICE: The Granary
Crowhill Farm
Ravensden Road
Wilden
Bedfordshire
MK44 2QS





REGISTERED NUMBER: 08418202 (England and Wales)





ACCOUNTANTS: GREGORY WILDMAN
The Granary
Crowhill Farm
Ravensden Road
Wilden
Bedfordshire
MK44 2QS
Page 1
Colegrove Estates Limited (Registered number: 08418202)

Statement of Financial Position
31 March 2017

31.3.17 31.3.16
Notes £    £   
CURRENT ASSETS
Stocks 4 951,704 774,474
Debtors 5 11,785 990
Cash at bank 1,381 501
964,870 775,965
CREDITORS
Amounts falling due within one year 6 697,648 469,193
NET CURRENT ASSETS 267,222 306,772
TOTAL ASSETS LESS CURRENT LIABILITIES 267,222 306,772

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 267,122 306,672
SHAREHOLDERS' FUNDS 267,222 306,772

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 director acknowledges his 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 director on 30 January 2018 and were signed by:





C Blundell - Director


The notes form part of these financial statements

Page 2
Colegrove Estates Limited (Registered number: 08418202)

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

1. STATUTORY INFORMATION

Colegrove Estates 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

There were no material departures from that standard.

This is the first year which the financial statements have been prepared under FRS.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value
added tax and other sales taxes.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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 statement of financial position date.

Deferred tax
Deferred taxation is provided on the liability method to take account of timing differences between the treatment of
certain items for accounts purposes and their treatment for tax purposes.

Tax deferred or accelerated is accounted for in respect of all material timing differences.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4. STOCKS
31.3.17 31.3.16
£    £   
Work-in-progress 951,704 774,474

Page 3 continued...
Colegrove Estates Limited (Registered number: 08418202)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.17 31.3.16
£    £   
Other debtors 4,233 -
VAT 6,238 990
Deferred tax asset 1,314 -
11,785 990

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.17 31.3.16
£    £   
Trade creditors - 6,238
Tax - 76,668
Directors' current accounts 695,808 385,187
Accrued expenses 1,840 1,100
697,648 469,193

7. RELATED PARTY DISCLOSURES

The amount outstanding at the year end to Mr C Blundell is £695,808 (2016 - £385,187).

8. TRANSITION TO FRS 102 1A

The company transitioned to FRS 102 1A from FRSSE as at 1 April 2016.

There was no impact from the transition to FRS 102 1A.

Page 4
Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Colegrove Estates Limited

The following reproduces the text of the report prepared for the director 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 Statement of Financial
Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the
Director 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 Colegrove Estates Limited for the year ended 31 March 2017 which comprise the Income Statement, Other
Comprehensive Income, Statement of Financial Position, 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 director of Colegrove Estates Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Colegrove Estates Limited and state those matters that we have agreed to state to the director of Colegrove Estates Limited 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 Colegrove Estates Limited and its director for our work or for this report.

It is your duty to ensure that Colegrove Estates 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 loss of Colegrove Estates Limited. You consider that Colegrove Estates 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 Colegrove Estates 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.






GREGORY WILDMAN
The Granary
Crowhill Farm
Ravensden Road
Wilden
Bedfordshire
MK44 2QS


30 January 2018

This page does not form part of the statutory financial statements

Page 5