Foye Estates Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 01938521 (England and Wales)

Unaudited Financial Statements

For The Year Ended 30 June 2017

for

FOYE ESTATES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G Peters

S Peters

SECRETARY:

G Peters

REGISTERED OFFICE:

16 Northfields Prospect

Putney Bridge Road

London

SW18 1PE

REGISTERED NUMBER:

01938521 (England and Wales)

ACCOUNTANTS:

LBCo Ltd

16 Northfields Prospect

Putney Bridge Road

London

SW18 1PE

FIXED ASSETS

Tangible assets

4

53,572

52,933

Investment property

5

1,500,000

1,500,000

1,553,572

1,552,933

CURRENT ASSETS

Stocks

6,083

6,976

Debtors

6

10,350

25,250

Cash at bank

21,365

56,797

37,798

89,023

CREDITORS

Amounts falling due within one year

7

104,844

117,802

NET CURRENT LIABILITIES

(67,046

)

(28,779

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,486,526

1,524,154

CREDITORS

Amounts falling due after more than one year

8

212,342

278,476

NET ASSETS

1,274,184

1,245,678

CAPITAL AND RESERVES

Called up share capital

10

100

100

Revaluation reserve

11

1,039,114

1,039,114

Retained earnings

11

234,970

206,464

SHAREHOLDERS' FUNDS

1,274,184

1,245,678

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 26 April 2018 and were signed on its behalf by:

S Peters - Director

1.	STATUTORY INFORMATION

Foye Estates 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 comprises income from consultancy, property and other sales and rents received in the year, stated net

of value added tax.

Tangible fixed assets

Investment properties are revalued annually and the aggregate surplus or deficit is transferred to a revaluation

reserve. No depreciation is provided in respect of freehold investment properties or on property improvements.

Depreciation is provided on all other tangible fixed assets at rates calculated to write off each asset over its

expected useful life as follows:

Plant and equipment - 20% on cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Property

Plant and

improvements

equipment

Totals

£

£

£

COST

At 1 July 2016

50,614

10,098

60,712

Additions

-

1,368

1,368

At 30 June 2017

50,614

11,466

62,080

DEPRECIATION

At 1 July 2016

-

7,779

7,779

Charge for year

-

729

729

At 30 June 2017

-

8,508

8,508

NET BOOK VALUE

At 30 June 2017

50,614

2,958

53,572

At 30 June 2016

50,614

2,319

52,933

5.	INVESTMENT PROPERTY

The investment property was valued at £1,500,000 on an open market basis by Colliers International, Chartered

Surveyors, on 11th April 2017. The cost of the investment property was £460,886 (2016 £460,866).

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.17

30.6.16

£

£

Trade debtors

10,350

25,250

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.17

30.6.16

£

£

Trade creditors

19,085

13,771

Taxation and social security

11,108

12,777

Other creditors

74,651

91,254

104,844

117,802

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.17

30.6.16

£

£

Other creditors

212,342

278,476

.

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.6.17

30.6.16

£

£

Bank loans

277,718

341,102

The bank loans are secured on the the company's property assets.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.17

30.6.16

value:

£

£

100

Ordinary

£1

100

100

11.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 July 2016

206,464

1,039,114

1,245,578

Profit for the year

43,506

43,506

Dividends

(15,000

)

(15,000

)

At 30 June 2017

234,970

1,039,114

1,274,084

12.	RELATED PARTY DISCLOSURES

Included in creditors is a loan from Tiger Tees Limited of £8,758 (2016 £13,258), a company of which Mr G

Peters is a director.

13.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr G Peters by virtue of his ownership of 55% of the issued ordinary share capital in the

company.