Anacut Developments Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 00724290 (England and Wales)

Unaudited Financial Statements

For The Year Ended 30 September 2017

for

Anacut Developments Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R Harrison

Mrs E J Knight

SECRETARY:

D Neal

REGISTERED OFFICE:

Stoneythorpe Hall

Southam

Warwickshire

CV47 2DL

REGISTERED NUMBER:

00724290 (England and Wales)

ACCOUNTANTS:

Kingscott Dix Limited

Chartered Accountants

Goodridge Court

Goodridge Avenue

Gloucester

Gloucestershire

GL2 5EN

BANKERS:

Barclays Bank PLC

4th Floor, Block A

Apex Plaza

Forbury Road

Reading

Berkshire

RE1 1AX

FIXED ASSETS

Investment property

3

2,000,000

2,000,000

CURRENT ASSETS

Debtors

9,733

-

Cash at bank

43,735

43,409

53,468

43,409

CREDITORS

Amounts falling due within one year

657,164

288,448

NET CURRENT LIABILITIES

(603,696

)

(245,039

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,396,304

1,754,961

PROVISIONS FOR LIABILITIES

153,048

169,961

NET ASSETS

1,243,256

1,585,000

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Revaluation reserve

4

898,661

881,748

Retained earnings

334,595

693,252

SHAREHOLDERS' FUNDS

1,243,256

1,585,000

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 September 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 15 June 2018 and were signed on its behalf by:

Mrs E J Knight - Director

1.	STATUTORY INFORMATION

Anacut Developments 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.

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

These financial statements for the year ended 30 September 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 October 2015.

Turnover

Turnover represents rental income received during the year.

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.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2016

and 30 September 2017

2,000,000

NET BOOK VALUE

At 30 September 2017

2,000,000

At 30 September 2016

2,000,000

Fair value at 30 September 2017 is represented by:

£

Valuation in 2008

1,051,709

Cost

948,291

2,000,000

4.

RESERVES

Revaluation

reserve

£

At 1 October 2016

881,748

Transfer from revaluation

16,913

At 30 September 2017

898,661