Villiers Investments Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 04313041 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2017

for

Villiers Investments Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

C M Crips Villiers

Mrs A Mabley

SECRETARY:

REGISTERED OFFICE:

Field House

The Hildens

Westcott

Dorking

Surrey

RH4 3JX

REGISTERED NUMBER:

04313041 (England and Wales)

ACCOUNTANT:

Michael T Parker FCA

South Barn

Marches Road

Warnham

West Sussex

RH12 3SL

FIXED ASSETS

Investments

3

211,084

235,370

CURRENT ASSETS

Debtors

4

26,206

7,262

Cash at bank

3,699

773

29,905

8,035

CREDITORS

Amounts falling due within one year

5

3,292

4,745

NET CURRENT ASSETS

26,613

3,290

TOTAL ASSETS LESS CURRENT LIABILITIES

237,697

238,660

PROVISIONS FOR LIABILITIES

13,831

12,274

NET ASSETS

223,866

226,386

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

223,766

226,286

SHAREHOLDERS' FUNDS

223,866

226,386

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 9 April 2018 and were signed on its behalf by:

Mrs A Mabley - Director

1.	STATUTORY INFORMATION

Villiers Investments 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 as modified by the revaluation of certain assets.

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.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 November 2016

235,370

Disposals

(41,878

)

Share of profit/(loss)

6,166

Revaluations

11,426

At 31 October 2017

211,084

NET BOOK VALUE

At 31 October 2017

211,084

At 31 October 2016

235,370

Cost or valuation at 31 October 2017 is represented by:

Other

investments

£

Valuation in 2015

45,556

Valuation in 2016

15,814

Valuation in 2017

11,426

Cost

138,288

211,084

Listed investments at cost at 31st October 2017 - £138,288 (2017 £174,000)

Deferred tax on the increase in value over cost £13,831 (2016 £12,274)

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.17

31.10.16

£

£

Other debtors

26,206

7,262

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.17

31.10.16

£

£

Taxation and social security

547

1,999

Other creditors

2,745

2,746

3,292

4,745

6.	CHANGE IN FINANCIAL REPORTING REGULATIONS

As a result of the change in financial reporting regulations from FRSSE to FRS102 Schedule 1A the quoted

investments are stated at market value and provision is made for deferred tax on the increase in value over

cost.The transition has affected the comparative figures which have therefore been restated. Reconciliations of

the affectof this on the reported profit and equity are give below.

RECONCILIATIONS OF PRIOR YEAR ADJUSTMENTS

Reconciliation of equity:

1/11/16 1/11/15

£ £

Capital and reserves as previously reported under FRSSE 177,190 202,278

Revaluation of investments 61,370 45,556

Provision for deferred tax (12,274) (9,111)

Capital and reserves under FRS102 1A 226,286 238,723

Reconciliation of profits:

Profir for 2016 as previously reported under FRSSE 14,912

Fair value gain on investments 61,370

Less deferred tax (12,274)

Less dividends (40,000)

Profit for 2016 under FRS 102 1A 24,008