Tudor Investments Ltd - Accounts to registrar (filleted) - small 17.3

TUDOR INVESTMENTS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A M Shah

Mrs R A Shah

Miss M A Shah

SECRETARIES:

Mrs R A Shah

Miss S A Shah

REGISTERED OFFICE:

Tudor House

185 Kenton Road

Kenton

Harrow

Middlesex

HA3 0EY

REGISTERED NUMBER:

03705187 (England and Wales)

ACCOUNTANTS:

Barretts

Chartered Accountants &

Chartered Tax Advisers

22 Union Street

Newton Abbot

Devon

TQ12 2JS

FIXED ASSETS

Tangible assets

3

411

-

Investments

4

1,542,682

2,277,581

Investment property

5

1,700,000

1,950,000

3,243,093

4,227,581

CURRENT ASSETS

Debtors

6

1,315,033

34,685

Cash at bank

794,187

536,593

2,109,220

571,278

CREDITORS

Amounts falling due within one year

7

286,766

170,180

NET CURRENT ASSETS

1,822,454

401,098

TOTAL ASSETS LESS CURRENT LIABILITIES

5,065,547

4,628,679

CREDITORS

Amounts falling due after more than one year

8

(2,799,678

)

(3,074,117

)

PROVISIONS FOR LIABILITIES

(134,586

)

-

NET ASSETS

2,131,283

1,554,562

CAPITAL AND RESERVES

Called up share capital

10

500

500

Revaluation reserve

11

-

671,568

Capital redemption reserve

11

500

500

Retained earnings

11

2,130,283

881,994

SHAREHOLDERS' FUNDS

2,131,283

1,554,562

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 14 March 2018 and were signed on its behalf by:

A M Shah - Director

Mrs R A Shah - Director

1.	STATUTORY INFORMATION

Tudor Investments Ltd 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 represents rents received from tenants, net of value added tax..

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Income from limited liability partnership membership

Income is recognised from LLPs of which the company is a member for the financial period of each LLP ending

in this year.

3.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 July 2016

3,216

Additions

617

At 30 June 2017

3,833

DEPRECIATION

At 1 July 2016

3,216

Charge for year

206

At 30 June 2017

3,422

NET BOOK VALUE

At 30 June 2017

411

At 30 June 2016

-

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 July 2016

2,277,581

Additions

34,419

Disposals

(769,318

)

At 30 June 2017

1,542,682

NET BOOK VALUE

At 30 June 2017

1,542,682

At 30 June 2016

2,277,581

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 July 2016

1,950,000

Disposals

(450,000

)

Revaluations

200,000

At 30 June 2017

1,700,000

NET BOOK VALUE

At 30 June 2017

1,700,000

At 30 June 2016

1,950,000

Fair value at 30 June 2017 is represented by:

£

Valuation in 2017

1,700,000

If the investment properties had not been revalued they would have been included at the following historical cost:

2017

2016

£

£

Cost

661,810

948,577

Investment properties were valued on an open market basis on 30 June 2017 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other debtors

1,314,733

34,385

Prepayments and accrued income

300

300

1,315,033

34,685

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

-

24,662

Trade creditors

8,359

8,359

Tax

136,843

-

Other creditors

121,804

124,755

Directors' current accounts

7,835

3,343

Accruals and deferred income

11,925

9,061

286,766

170,180

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Bank loans - 2-5 years

-

264,395

Shareholder loans

2,799,678

2,809,722

2,799,678

3,074,117

9.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£

£

Bank loans

-

289,057

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

500

Ordinary

£1

500

500

11.

RESERVES

Capital

Retained

Revaluation

redemption

earnings

reserve

reserve

Totals

£

£

£

£

At 1 July 2016

881,994

671,568

500

1,554,062

Profit for the year

674,539

674,539

Revaluation of investment properties

-

200,000

-

200,000

Revaluation written back on property disposal

-

(163,233

)

-

(163,233

)

Deferred tax

-

(134,585

)

-

(134,585

)

Transfer

573,750

(573,750

)

-

-

At 30 June 2017

2,130,283

-

500

2,130,783

12.	RELATED PARTY DISCLOSURES

The company paid management fees of £15,000 (2016-£5,000) to Turner Properties Ltd, an associated company.

At the balance sheet date an amount of £0 (2016-£3,500) was owed to Turner Properties Ltd.

The other creditor falling due after more than one year is a long term loan from the shareholders.