Underhill Farm Estates Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 09335518 (England and Wales)

Financial Statements

for the Year Ended 31st December 2017

for

Underhill Farm Estates Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A N M Sanders

J A T Sanders

D A B Sanders

SECRETARY:

D A B Sanders

REGISTERED OFFICE:

Buckland Estate Office

Lawrence Lane

Buckland

Betchworth

Surrey

RH3 7BE

REGISTERED NUMBER:

09335518 (England and Wales)

ACCOUNTANTS:

Braidwood Wheeler & Co

Chartered Certified Accountants

Goodman House

13a West Street

Reigate

Surrey

RH2 9BL

FIXED ASSETS

Tangible assets

4

813

1,084

Investment property

5

4,082,118

4,082,931

4,083,202

CURRENT ASSETS

Debtors

6

15,301

1,339

Investments

7

384,470

246,339

Cash at bank and in hand

264,607

813,004

664,378

1,060,682

CREDITORS

Amounts falling due within one year

8

2,789,476

3,230,163

NET CURRENT LIABILITIES

(2,125,098

)

(2,169,481

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,957,833

1,913,721

CAPITAL AND RESERVES

Called up share capital

1,000,000

Share premium

899,998

Retained earnings

57,835

13,723

SHAREHOLDERS' FUNDS

1,957,833

1,913,721

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 21st September 2018 and were signed on its behalf
by:

D A B Sanders - Director

1.	STATUTORY INFORMATION

Underhill Farm 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 is represented by rents receivable, reimbursed water rates charges and wayleaves.

The company is not registered for 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.

Fixtures and fittings

-

25% on reducing balance

Investment property

The investment property is held in the financial statements at market valuation. In accordance with statement of

standard accounting practice 19, depreciation is not provided on freehold properties, and leasehold investments

which have more than 20 years to run.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2016 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1st January 2017

and 31st December 2017

1,445

DEPRECIATION

Charge for year

632

At 31st December 2017

632

NET BOOK VALUE

At 31st December 2017

813

At 31st December 2016

1,445

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st January 2017

and 31st December 2017

4,082,118

NET BOOK VALUE

At 31st December 2017

4,082,118

At 31st December 2016

4,082,118

The investment properties are held in the accounts at market valuation, which in the opinion of the directors, is

not significantly different from the value at which they were acquired by the company.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

Trade debtors

13,776

200

Prepayments

1,525

1,139

15,301

1,339

7.	CURRENT ASSET INVESTMENTS

2017

2016

£

Listed investments

384,470

246,339

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

Trade creditors

423

999

Corporation tax

9,122

3,160

Other creditors

2,845

12,120

Loan notes

1,936,000

1,968,000

Other loans

839,466

1,244,444

Accrued expenses

1,620

1,440

2,789,476

3,230,163

9.	RELATED PARTY DISCLOSURES

Included in the consultancy fees are payments totalling £3,000 (2016 - £5,000) paid to Adrian Sanders, a director

of the company

Underhill Farm Estates Limited - Accounts to registrar (filleted) - small 18.2

Underhill Farm Estates Limited - Accounts to registrar (filleted) - small 18.2