NOE Properties Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 03112673 (England and Wales)

NOE Properties Limited

Unaudited Financial Statements

for the Year Ended 30 June 2017

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

D M Pownall

Mrs R Pownall

REGISTERED OFFICE:

14 Phoenix Park

Telford Way

Coalville

Leicestershire

LE67 3HB

REGISTERED NUMBER:

03112673 (England and Wales)

ACCOUNTANTS:

Marlow Proactive

14 Phoenix Park

Telford Way

Coalville

Leicestershire

LE67 3HB

FIXED ASSETS

Investments

3

2,000

2,000

Investment property

4

920,000

920,000

922,000

922,000

CURRENT ASSETS

Debtors

5

89,717

50,417

Cash at bank and in hand

7,392

9,053

97,109

59,470

CREDITORS

Amounts falling due within one year

6

95,859

73,298

NET CURRENT ASSETS/(LIABILITIES)

1,250

(13,828

)

TOTAL ASSETS LESS CURRENT LIABILITIES

923,250

908,172

CREDITORS

Amounts falling due after more than one year

7

(351,498

)

(380,626

)

PROVISIONS FOR LIABILITIES

(33,391

)

(33,391

)

NET ASSETS

538,361

494,155

CAPITAL AND RESERVES

Called up share capital

3

3

Fair value reserve

8

163,028

163,028

Retained earnings

375,330

331,124

538,361

494,155

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 28 March 2018 and were signed on its behalf by:

D M Pownall - Director

1.	STATUTORY INFORMATION

NOE Properties 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.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A

These financial statements for the year ended 30 June 2017 are the first that are prepared in

accordance with FRS 102 Section 1A. The previous financial statements were prepared in accordance

with UK GAAP, the date of transition to FRS 102 Section 1A is 1 July 2015.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss

Account, 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.

3.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 July 2016

and 30 June 2017

2,000

NET BOOK VALUE

At 30 June 2017

2,000

At 30 June 2016

2,000

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 July 2016

and 30 June 2017

920,000

NET BOOK VALUE

At 30 June 2017

920,000

At 30 June 2016

920,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other debtors

89,717

50,417

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

26,844

23,974

Amounts owed to group undertakings

12,999

12,999

Taxation and social security

16,659

11,636

Other creditors

39,357

24,689

95,859

73,298

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Bank loans

351,498

380,626

8.

RESERVES

Fair

value

reserve

£

At 1 July 2016

and 30 June 2017

163,028

9.	RELATED PARTY DISCLOSURES