B.D.J. Estates Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 04119184 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2018

FOR

B.D.J. ESTATES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

B R Dove

D Rivolta

J Rivolta

SECRETARY:

Mrs L Dove

REGISTERED OFFICE:

34 Ormside Way

Holmethorpe Industrial Estate

Redhill

Surrey

RH1 2LW

REGISTERED NUMBER:

04119184 (England and Wales)

ACCOUNTANTS:

Waight & Company Ltd

Trading as WaightSharnock

8 Lonsdale Gardens

Tunbridge Wells

Kent

TN1 1NU

FIXED ASSETS

Tangible assets

4

1,071,141

847,462

CURRENT ASSETS

Debtors

5

29,500

-

Cash at bank

-

19,573

29,500

19,573

CREDITORS

Amounts falling due within one year

6

773,033

502,456

NET CURRENT LIABILITIES

(743,533

)

(482,883

)

TOTAL ASSETS LESS CURRENT LIABILITIES

327,608

364,579

CREDITORS

Amounts falling due after more than one year

7

(52,768

)

(105,644

)

PROVISIONS FOR LIABILITIES

(4,450

)

(547

)

NET ASSETS

270,390

258,388

CAPITAL AND RESERVES

Called up share capital

98

98

Revaluation reserve

9

255,349

255,349

Retained earnings

14,943

2,941

SHAREHOLDERS' FUNDS

270,390

258,388

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 4 July 2018 and were signed on its behalf by:

J Rivolta - Director

1.	STATUTORY INFORMATION

B.D.J. 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents rental income and service charges, excluding value added tax.

Tangible fixed assets

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

Freehold property

-

not provided

Short leasehold

-

10% on cost

No depreciation has been provided on the freehold property, which is carried at valuation.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - NIL).

4.	TANGIBLE FIXED ASSETS

Freehold

Short

property

leasehold

Totals

£

£

£

COST OR VALUATION

At 1 April 2017

800,000

91,975

891,975

Additions

232,877

-

232,877

At 31 March 2018

1,032,877

91,975

1,124,852

DEPRECIATION

At 1 April 2017

-

44,513

44,513

Charge for year

-

9,198

9,198

At 31 March 2018

-

53,711

53,711

NET BOOK VALUE

At 31 March 2018

1,032,877

38,264

1,071,141

At 31 March 2017

800,000

47,462

847,462

Cost or valuation at 31 March 2018 is represented by:

Freehold

Short

property

leasehold

Totals

£

£

£

Valuation in 2006

20,681

-

20,681

Valuation in 2009

82,100

-

82,100

Valuation in 2010

43,007

-

43,007

Valuation in 2017

109,561

-

109,561

Cost

777,528

91,975

869,503

1,032,877

91,975

1,124,852

If freehold property had not been revalued it would have been included at the following historical cost:

31.3.18

31.3.17

£

£

Cost

581,179

454,212

Freehold land and buildings were valued on an open market basis on 31 March 2018 by The Directors .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade debtors

29,500

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Bank loans and overdrafts

108,477

21,000

Trade creditors

35,643

47,643

Taxation and social security

23,548

17,879

Other creditors

605,365

415,934

773,033

502,456

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.18

31.3.17

£

£

Bank loans

52,768

105,644

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

21,643

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.18

31.3.17

£

£

Bank loans

91,588

126,644

The bank loan is secured by:

- a first legal charge over the freehold property

- a joint and several guarantee for £75,000 given by the directors, B Dove, J Rivolta and D Rivolta

- a fixed and floating charge over all assets of the company

- an unlimited guarantee given by About Roofing Supplies Limited (see Related Party Disclosure Note)

9.

RESERVES

Revaluation

reserve

£

At 1 April 2017

and 31 March 2018

255,349

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £17,170 (2017 - £26,968) were paid to the directors .

A dividend of £12,210 (2017 - £19,177) was paid to the spouse of a director.

The company made sales to a company controlled by its directors, About Roofing Suppliers Limited, of

£196,083 (2017 - £260,773) and made purchases of £43,378 (2017 - £42,063).

Amount due to About Roofing Supplies at the balance sheet date was £446,430 (2017 - £309,056)

The company made sales to a company controlled by its directors, About Roofing Limited, of £33,333 (2017 -

£22,333)

Amount due to About Roofing Limited at the balance sheet date was £157,138 (2017 - £125,649)

11.	ULTIMATE CONTROLLING PARTY

There is no controlling party.