Temvale Limited - Limited company accounts 17.3

REGISTERED NUMBER: 03527197 (England and Wales)

Report of the Directors and

Unaudited Financial Statements for the Year Ended 30 June 2017

for

Temvale Limited

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

C Seeds

A G Fernback

REGISTERED OFFICE:

2 Leonard Place

Westerham Road

Keston

Kent

BR2 6HQ

REGISTERED NUMBER:

03527197 (England and Wales)

The directors present their report with the financial statements of the company for the year ended 30 June 2017.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 July 2016 to the date of this report.

C Seeds

A G Fernback

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small

companies.

ON BEHALF OF THE BOARD:

A G Fernback - Director

29 March 2018

TURNOVER

89,722

88,817

Cost of sales

17,479

5,959

GROSS PROFIT

72,243

82,858

Administrative expenses

9,200

13,167

OPERATING PROFIT

63,043

69,691

Interest payable and similar expenses

23,396

24,802

PROFIT BEFORE TAXATION

39,647

44,889

Tax on profit

(2,683

)

8,978

PROFIT FOR THE FINANCIAL YEAR

42,330

35,911

FIXED ASSETS

Tangible assets

3

1,430,000

CURRENT ASSETS

Debtors

4

304,884

301,523

Cash at bank

398,062

390,978

702,946

692,501

CREDITORS

Amounts falling due within one year

5

30,019

38,058

NET CURRENT ASSETS

672,927

654,443

TOTAL ASSETS LESS CURRENT

LIABILITIES

2,102,927

2,084,443

CREDITORS

Amounts falling due after more than one

year

6

544,192

568,038

NET ASSETS

1,558,735

1,516,405

CAPITAL AND RESERVES

Called up share capital

2

Revaluation reserve

7

715,767

Retained earnings

842,966

800,636

SHAREHOLDERS' FUNDS

1,558,735

1,516,405

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 in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 29 March 2018 and were signed on its behalf by:

A G Fernback - Director

1.	STATUTORY INFORMATION

Temvale 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.

Turnover

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

value added tax and other sales taxes.

Tangible fixed assets

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

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.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 July 2016

and 30 June 2017

1,430,000

NET BOOK VALUE

At 30 June 2017

1,430,000

At 30 June 2016

1,430,000

4.

DEBTORS

30.6.17

30.6.16

£

Amounts falling due within one year:

Trade debtors

3,605

1,029

Other debtors

(185

)

(185

)

3,420

844

Amounts falling due after more than one year:

Other debtors

301,464

300,679

Aggregate amounts

304,884

301,523

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.17

30.6.16

£

Trade creditors

(314

)

1,220

Taxation and social security

14,430

16,875

Other creditors

15,903

19,963

30,019

38,058

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE

YEAR

30.6.17

30.6.16

£

Bank loans

544,192

568,038

7.

RESERVES

Revaluation

reserve

£

At 1 July 2016

and 30 June 2017

715,767