5 Egerton Gardens Limited Filleted accounts for Companies House (small and micro)

5 EGERTON GARDENS LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 03197347

5 EGERTON GARDENS LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

25 March 2018

5 EGERTON GARDENS LIMITED

STATEMENT OF FINANCIAL POSITION

25 March 2018

	2018		2017
Note	£	£	£	£

FIXED ASSETS

Tangible assets	4		226,587		226,587

CURRENT ASSETS

Debtors	5	1,214		1,214

CREDITORS: amounts falling due within one year	6	500		500
		-------		-------
NET CURRENT ASSETS			714		714
			---------		---------
TOTAL ASSETS LESS CURRENT LIABILITIES			227,301		227,301

CREDITORS: amounts falling due after more than one year	7	226,587	226,587
		---------	---------
NET ASSETS		714	714
		---------	---------

CAPITAL AND RESERVES

Called up share capital fully paid	995	995
Profit and loss account	( 281)	( 281)
	----	----
SHAREHOLDERS FUNDS	714	714
	----	----

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

The company did not trade during the current year or prior year and has not made either a profit or loss.

For the year ending 25 March 2018 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

5 EGERTON GARDENS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

25 March 2018

These financial statements were approved by the board of directors and authorised for issue on 15 November 2018 , and are signed on behalf of the board by:

J A Norling

Director

Company registration number: 03197347

5 EGERTON GARDENS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 25 MARCH 2018

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Headlands House 1 Kings Court, Kettering Parkway, Kettering, Northamptonshire, NN15 6WJ, England.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Income statement

The company is dormant as defined by section 1169 of the Companies Act 2006. The company received no income and incurred no expenditure during the current year or prior year and therefore no income statement is presented within these financial statements. There have been no movements in shareholders funds during the current year or prior year.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

4. TANGIBLE ASSETS

	Land and buildings
	£
Cost
At 26 March 2017 and 25 March 2018	226,587
	---------
Depreciation
At 26 March 2017 and 25 March 2018	–
	---------
Carrying amount
At 25 March 2018	226,587
	---------
At 25 March 2017	226,587
	---------

5. DEBTORS

	2018	2017
	£	£
Other debtors	1,214	1,214
	-------	-------

6. CREDITORS: amounts falling due within one year

	2018	2017
	£	£
Other creditors	500	500
	----	----

7. CREDITORS: amounts falling due after more than one year

	2018	2017
	£	£
Other creditors	226,587	226,587
	---------	---------