J. Ellingworth (Caterers) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01053238 (England and Wales)

J. ELLINGWORTH (CATERERS) LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2017

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

D J King

SECRETARY:

D J King

REGISTERED OFFICE:

53 Guildford Road

Bagshot

Surrey

GU19 5NG

REGISTERED NUMBER:

01053238 (England and Wales)

FIXED ASSETS

Tangible assets

4

247,569

255,746

Investment property

5

1,822,686

1,822,686

2,070,255

2,078,432

CURRENT ASSETS

Debtors

6

53,604

53,821

Cash at bank

78,348

-

131,952

53,821

CREDITORS

Amounts falling due within one year

7

(450,349

)

(435,213

)

NET CURRENT LIABILITIES

(318,397

)

(381,392

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,751,858

1,697,040

PROVISIONS FOR LIABILITIES

(64,552

)

(72,491

)

NET ASSETS

1,687,306

1,624,549

CAPITAL AND RESERVES

Called up share capital

800

800

Fair value reserve

9

438,852

431,370

Other reserves

450,200

450,200

Retained earnings

797,454

742,179

SHAREHOLDERS' FUNDS

1,687,306

1,624,549

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 30 August 2018 and were signed by:

D J King - Director

1.	STATUTORY INFORMATION

J. Ellingworth (Caterers) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Tangible fixed assets

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at the following

annual rates in order to write off each asset over its estimated useful life.

Freehold property

- Straight line over 50 years

Fixtures and fittings

- 25% on reducing balance

Motor vehicles

- 25% on reducing balance

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

Current tax is recognised for the amount of income tax payable in respect of the taxable profit for the

current or past reporting periods using tax rates that have been enacted or substantively enacted by

the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax

losses and other deferred tax assets are recognised only to the extent that it is probable that they will

be recovered against future taxable profits or against the reversal of deferred tax liabilities.

Deferred tax is calculated using tax rates that have been enacted or substantively enacted by the

reporting date that are expected to apply to the reversal of the timing difference.

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.

Trade and other receivables

Trade and other receivables are measured at transaction price less any impairment unless the

arrangement constitutes a financing transaction in which case the transaction is measured at the

present value of the future receipts discounted at the prevailing market rate of interest . Loans are

initially measured at fair value and are subsequently measured at amortised cost using the effective

interest method less any impairment.

Trade and other payables

Trade and other payables are measured at their transaction price unless the arrangement constitutes a

financing transaction in which case the transaction is measured at present value of future payments

discounted at prevailing market rate of interest. Other financial liabilities are initially measured at fair

value net of their transaction costs. They are subsequently measured at amortised cost using the

effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Motor

property

fittings

vehicles

Totals

£

£

£

£

COST

At 1 December 2016

and 30 November 2017

252,499

27,110

3,170

282,779

DEPRECIATION

At 1 December 2016

9,258

14,739

3,036

27,033

Charge for year

5,050

3,093

34

8,177

At 30 November 2017

14,308

17,832

3,070

35,210

NET BOOK VALUE

At 30 November 2017

238,191

9,278

100

247,569

At 30 November 2016

243,241

12,371

134

255,746

5.	INVESTMENT PROPERTY

Total

£

COST

At 1 December 2016

and 30 November 2017

1,822,686

NET BOOK VALUE

At 30 November 2017

1,822,686

At 30 November 2016

1,822,686

Investment properties were valued on an open market basis at 30 November 2017 by a director of the

company.

6.

DEBTORS

2017

2016

£

£

Amounts falling due within one year:

Other debtors

32,084

33,727

VAT

4,341

4,725

Prepayments and accrued income

4,064

2,254

40,489

40,706

Amounts falling due after more than one year:

Other debtors

13,115

13,115

Aggregate amounts

53,604

53,821

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

-

4,531

Corporation tax

15,211

6,082

Other creditors

412,757

408,453

Directors' current accounts

9,741

12,647

Accruals and deferred income

12,640

3,500

450,349

435,213

8.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£

£

Bank overdraft

-

4,531

The bank overdraft is secured by charges over various assets of the company.

9.

RESERVES

Fair

value

reserve

£

At 1 December 2016

431,370

Transfer between reserves

7,482

At 30 November 2017

438,852

10.	RELATED PARTY DISCLOSURES

At the year end, D J King was owed £9,741 by the company (2016 - £12,647).

11.	FIRST YEAR ADOPTION

The company transitioned to FRS 102 from previously extant UK GAAP as at 1 December 2015. The

impact from the transition relates to the transfer and revaluation of the investment properties owned by

the company and the recognition of the deferred tax liability that may arise on any potential future sale

of these investment properties. The deferred tax liability at transition date was £71,084 and the

increase in the value of the investment properties of the company was £502,454 leading to a fair value

reserve upon transition and at 30 November 2016 of £431,370. There was an increase profit after tax

of £26,405 for the period ended 30 November 2016 which relates to depreciation charges for the year.