Shinereach Limited - Accounts to registrar (filleted) - small 18.2

Shinereach Limited - Accounts to registrar (filleted) - small 18.2

SHINEREACH LIMITED - Company Information

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REGISTERED NUMBER: 03524757 (England and Wales)















SHINEREACH LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017





Roberts & Co
Chartered Accountants
2 Tower House
Hoddesdon
Hertfordshire
EN11 8UR








SHINEREACH LIMITED (REGISTERED NUMBER: 03524757)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2017










Page

Company information 1

Balance sheet 2

Notes to the financial statements 3


SHINEREACH LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2017







Director: A P R Garwood Watkins





Secretary: W Rodrigues





Registered office: 112 Boundary Road
London
NW8 0RH





Registered number: 03524757 (England and Wales)





Accountants: Roberts & Co
Chartered Accountants
2 Tower House
Hoddesdon
Hertfordshire
EN11 8UR
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SHINEREACH LIMITED (REGISTERED NUMBER: 03524757)

BALANCE SHEET
31 DECEMBER 2017

2017 2016
Notes £ £ £ £
Fixed assets
Investment property 3 600,000 526,707

Current assets
Debtors 4 50,278 33,430
Cash at bank 117,275 96,574
167,553 130,004
Creditors
Amounts falling due within one year 5 447,040 436,028
Net current liabilities (279,487 ) (306,024 )
Total assets less current liabilities 320,513 220,683

Provisions for liabilities 30,370 18,102
Net assets 290,143 202,581

Capital and reserves
Called up share capital 6 2 2
Retained earnings 290,141 202,579
Shareholders' funds 290,143 202,581

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

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





A P R Garwood Watkins - Director


The notes form part of these financial statements

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SHINEREACH LIMITED (REGISTERED NUMBER: 03524757)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2017


1. Statutory information

Shinereach 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

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 January 2017 526,707
Additions 77,753
Disposals (76,623 )
Revaluations 72,163
At 31 December 2017 600,000
Net book value
At 31 December 2017 600,000
At 31 December 2016 526,707

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SHINEREACH LIMITED (REGISTERED NUMBER: 03524757)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2017


3. Investment property - continued

Fair value at 31 December 2017 is represented by:

£
Valuation in 2014 46,731
Valuation in 2015 22,200
Valuation in 2016 37,554
Valuation in 2017 72,163
Cost 421,352
600,000

4. Debtors: amounts falling due within one year
2017 2016
£ £
Trade debtors 14,025 32,967
Amounts owed by group undertakings 35,970 -
VAT 283 463
50,278 33,430

5. Creditors: amounts falling due within one year
2017 2016
£ £
Trade creditors 9,828 58,199
Amounts owed to group undertakings 428,341 372,841
Corporation tax payable 6,594 2,912
Director's current account 1,327 1,327
Accrued expenses 950 749
447,040 436,028

6. Called up share capital


Allotted, issued and fully paid:
Number: Class: Nominal 2017 2016
value: £ £
2 Ordinary 1 2 2

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