CLEGGAN ESTATE COMPANY LIMITED-THE

CLEGGAN ESTATE COMPANY LIMITED-THE - Company Information

Companies House 2016-04-01 2017-01-31 2017-01-31 false iso4217:GBP xbrli:pure NI031427 2015-04-01 2016-03-31 NI031427 2017-01-31 NI031427 2016-04-01 2017-01-31 NI031427 2016-03-31 NI031427 curr:PoundSterling 2016-04-01 2017-01-31 NI031427 uk-bus:PrivateLimitedCompanyLtd 2016-04-01 2017-01-31 NI031427 uk-bus:FRS102 2016-04-01 2017-01-31 NI031427 uk-bus:AuditExempt-NoAccountantsReport 2016-04-01 2017-01-31 NI031427 uk-bus:AbridgedAccounts 2016-04-01 2017-01-31 NI031427 uk-bus:RegisteredOffice 2016-04-01 2017-01-31 NI031427 uk-bus:Director1 2016-04-01 2017-01-31 NI031427 uk-bus:Director2 2016-04-01 2017-01-31 NI031427 uk-bus:Director3 2016-04-01 2017-01-31 NI031427 uk-bus:CompanySecretary1 2016-04-01 2017-01-31 NI031427 core:AfterOneYear 2017-01-31 NI031427 core:AfterOneYear 2016-03-31 NI031427 core:WithinOneYear 2017-01-31 NI031427 core:WithinOneYear 2016-03-31 NI031427 core:WithinOneYear 2016-04-01 2017-01-31 NI031427 core:AfterOneYear 2017-01-31 NI031427 core:AfterOneYear 2016-03-31 NI031427 core:AfterOneYear 2016-04-01 2017-01-31 NI031427 core:ShareCapital 2017-01-31 NI031427 core:ShareCapital 2016-03-31 NI031427 core:SharePremium 2017-01-31 NI031427 core:SharePremium 2016-03-31 NI031427 core:OtherReservesSubtotal 2017-01-31 NI031427 core:OtherReservesSubtotal 2016-03-31 NI031427 core:RevaluationReserve 2017-01-31 NI031427 core:RevaluationReserve 2016-03-31 NI031427 core:RetainedEarningsAccumulatedLosses 2017-01-31 NI031427 core:RetainedEarningsAccumulatedLosses 2016-03-31 NI031427 core:Associate1 2016-04-01 2017-01-31 NI031427 core:Associate1 2016-03-31 NI031427 core:Associate1 2017-01-31 NI031427 core:Associate1 2016-04-01 2017-01-31 NI031427 core:Associate2 2016-04-01 2017-01-31 NI031427 core:Associate2 2016-04-01 2017-01-31 NI031427 uk-bus:Director1 1 2016-04-01 2017-01-31 NI031427 uk-bus:Director1 1 2016-03-31 NI031427 uk-bus:Director1 1 2017-01-31 NI031427 uk-bus:Director2 2 2016-04-01 2017-01-31 NI031427 uk-bus:Director2 2 2016-03-31 NI031427 uk-bus:Director2 2 2017-01-31 NI031427 uk-bus:Director1 3 2016-04-01 2017-01-31 NI031427 uk-bus:Director1 3 2016-03-31 NI031427 uk-bus:Director1 3 2017-01-31 NI031427 1 2016-04-01 2017-01-31 NI031427 2 2016-04-01 2017-01-31 NI031427 3 2016-04-01 2017-01-31

Company Registration Number:
NI031427 (Northern Ireland)

Unaudited abridged accounts for the year ended 31 January 2017

Period of accounts

Start date: 01 April 2016

End date: 31 January 2017

Contents of the Financial Statements

for the Period Ended 31 January 2017


Balance sheet
Notes

Balance sheet

As at 31 January 2017

	Notes	10 months to 31 January 2017	2016
		£	£
Fixed assets
Tangible assets:	3	2,672,269	2,449,906
Total fixed assets:		2,672,269	2,449,906
Current assets
Stocks:		86,201	79,865
Debtors:		29,119	24,675
Cash at bank and in hand:		2,699	627
Total current assets:		118,019	105,167
Creditors: amounts falling due within one year:		(1,185,104)	(819,499)
Net current assets (liabilities):		(1,067,085)	(714,332)
Total assets less current liabilities:		1,605,184	1,735,574
Provision for liabilities:		(263,770)	(294,800)
Total net assets (liabilities):		1,341,414	1,440,774
Capital and reserves
Called up share capital:		1,116,267	1,116,267
Share premium account:		90,110	90,110
Profit and loss account:		135,037	234,397
Shareholders funds:		1,341,414	1,440,774

The notes form part of these financial statements

Balance sheet statements

For the year ending 31 January 2017 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 20 October 2017
and signed on behalf of the board by:

Name: Lord Rathcavan
Status: Director

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 January 2017

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Notes to the Financial Statements

for the Period Ended 31 January 2017

2. Employees

	10 months to 31 January 2017	2016
Average number of employees during the period	10	9

Notes to the Financial Statements

for the Period Ended 31 January 2017

3. Tangible Assets

	Total
Cost	£
At 01 April 2016	2,877,644
Additions	279,002
At 31 January 2017	3,156,646
Depreciation
At 01 April 2016	427,738
Charge for year	56,639
At 31 January 2017	484,377
Net book value
At 31 January 2017	2,672,269
At 31 March 2016	2,449,906

Notes to the Financial Statements

for the Period Ended 31 January 2017

4. Changes in presentation and prior period adjustments

In accounting for the transition to new UK GAAP FRS102 a prior year adjustment and re statement of comparatives was necessary. The impact is fully set out below.Net assets at the transition date 1 April 2015 were reduced by a deferred tax provision of £294,800 associated with the cumulative revalued property surplus.The reported loss for the 10 months ended 31 January 2017 was restated as £243993 (as previously stated £212693). The credit of £31033 relates to the movement on the deferred tax provision resulting from reducing corporation tax rates.In accordance with the requirements of FRS102 no separate revaluation reserve is now maintained and the reported property revaluation reserve as 31 March 2015, £1,551,884 has been subsumed within the profit and loss account reserve.The impact of FRS 102 from previously extant UK GAAP as at 1 April 2015 is as follows:Equity at 01/04/2015 under UK GAAP £1948447Deferred tax provision on revaluation surplus £294800Equity shareholders funds at 01/04/2015 under FRS 102 £1653647Equity at 31/03/2016 under UK GAAP £1735754Deferred tax provision on revaluation surplus £263770Equity shareholders funds at 31/03/2016 under FRS 102 £1471984Loss for the year ended 31/03/2016 under UK GAAP £212693Reduction in deferred tax on cumulative property revaluation reserve £31030Loss for the year ended 31/03/2016 under FRS 102 £243993.

CLEGGAN ESTATE COMPANY LIMITED-THE