Stapledon Estate Management Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 09074735 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2017

FOR

STAPLEDON ESTATE MANAGEMENT LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K P Quirk

Mrs C S Quirk

SECRETARY:

K P Quirk

REGISTERED OFFICE:

Hilthorpe

Kings Drive

Caldy

Wirral

Merseyside

CH48 2JH

REGISTERED NUMBER:

09074735 (England and Wales)

ACCOUNTANTS:

Mattocks Grindley

18 Mulberry Avenue

Turnstone Park

Widnes

WA8 0WN

FIXED ASSETS

Investment property

4

254,670

254,670

CURRENT ASSETS

Debtors

55

1,110

Cash at bank

11,884

3,631

11,939

4,741

CREDITORS

Amounts falling due within one year

3,070

1,443

NET CURRENT ASSETS

8,869

3,298

TOTAL ASSETS LESS CURRENT LIABILITIES

263,539

257,968

CREDITORS

Amounts falling due after more than one year

254,628

256,780

NET ASSETS

8,911

1,188

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

8,811

1,088

SHAREHOLDERS' FUNDS

8,911

1,188

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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 June 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 23 March 2018 and were signed on its behalf by:

K P Quirk - Director

1.	STATUTORY INFORMATION

Stapledon Estate Management 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.

These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard

applicable in the UK and Republic of Ireland" ("FRS 102"), the requirements of the Companies Act 2006 as

applicable to companies subject to the small companies regime, and under the historical cost convention. The

disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is

required to show a true and fair view.

First time adoption of FRS 102

These financial statements are the first financial statements the Company has prepared in accordance with

Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of

Ireland' (FRS 102) as applied to smaller entities by the adoption of Section 1A of FRS 102. The financial

statements of the Company for the year ended 30 June 2016 were prepared in accordance with "Financial

Reporting Standard for Smaller Entities (effective January 2015) (FRSSE)".

Some of the FRS 102 recognition, measurement, presentation and disclosure requirements and accounting

policy choices differ from the FRSSE. Consequently, the directors have amended certain accounting policies to

comply with FRS 102. The directors have also taken advantage of certain exemptions from the requirements of

FRS 102 permitted by FRS 102 Chapter 35 'Transition to this FRS'.

The reported financial position and financial performance for the previous period are not affected by the

transition to FRS 102.

Turnover

Turnover represents the total amounts of rent receivable by the company. Rental income is recognised on a

straight line basis over the period of the lease.

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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 July 2016

and 30 June 2017

254,670

NET BOOK VALUE

At 30 June 2017

254,670

At 30 June 2016

254,670

The historical cost of investment properties is £254,670 (2016 : £254,670).

5.	FIRST YEAR ADOPTION

This is the first year that the company has presented its financial statements under Financial Reporting

Standard 102 (FRS102) issued by the Financial Reporting Council. The last financial statements, for the year

ended 30 June 2016, were prepared under previous UK GAAP. The transition date to FRS102 is therefore 1 July

2015.

Adopting FRS102 has required no changes to the accounting policies, had no affect on its financial position or

its financial performance.