Erinvale Properties Limited - Accounts to registrar (filleted) - small 18.2

Erinvale Properties Limited - Accounts to registrar (filleted) - small 18.2

ERINVALE PROPERTIES LIMITED - Company Information

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REGISTERED NUMBER: 05196969 (England and Wales)










Financial Statements

for the Year Ended 31 March 2018

for

ERINVALE PROPERTIES LIMITED
ERINVALE PROPERTIES LIMITED (REGISTERED NUMBER: 05196969)






Contents of the Financial Statements
for the Year Ended 31 March 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ERINVALE PROPERTIES LIMITED

Company Information
for the Year Ended 31 March 2018







DIRECTORS: G Seeds
C J Seeds





SECRETARY: G Seeds





REGISTERED OFFICE: 2 Leonard Place
Westerham Road
Keston
Kent
BR2 6HQ





REGISTERED NUMBER: 05196969 (England and Wales)





ACCOUNTANTS: Maths Partnership
1 Brook Court
Blakeney Road
Beckenham
Kent
BR3 1HG
Page 1
ERINVALE PROPERTIES LIMITED (REGISTERED NUMBER: 05196969)

Balance Sheet
31 March 2018

31.3.18 31.3.17
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,983,875 1,967,000

CURRENT ASSETS
Stocks 2,136 304,459
Debtors 5 386,641 414,684
Cash at bank 1,077,865 708,712
1,466,642 1,427,855
CREDITORS
Amounts falling due within one year 6 837,354 909,194
NET CURRENT ASSETS 629,288 518,661
TOTAL ASSETS LESS CURRENT
LIABILITIES
2,613,163
2,485,661

CREDITORS
Amounts falling due after more than one
year
7
(294,887
)
(313,638
)

PROVISIONS FOR LIABILITIES - (30,027 )
NET ASSETS 2,318,276 2,141,996

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 9 456,751 426,724
Retained earnings 1,861,425 1,715,172
SHAREHOLDERS' FUNDS 2,318,276 2,141,996

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 notes form part of these financial statements

Page 2 continued...
ERINVALE PROPERTIES LIMITED (REGISTERED NUMBER: 05196969)

Balance Sheet - continued
31 March 2018


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 Profit And Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 27 December 2018 and were signed on its behalf
by:





G Seeds - Director


The notes form part of these financial statements

Page 3
ERINVALE PROPERTIES LIMITED (REGISTERED NUMBER: 05196969)

Notes to the Financial Statements
for the Year Ended 31 March 2018

1. STATUTORY INFORMATION

Erinvale Properties 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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in
bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit And Loss Account,
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. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

Page 4 continued...
ERINVALE PROPERTIES LIMITED (REGISTERED NUMBER: 05196969)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2017 1,967,000
Additions 16,875
At 31 March 2018 1,983,875
NET BOOK VALUE
At 31 March 2018 1,983,875
At 31 March 2017 1,967,000

Fair value at 31 March 2018 is represented by:

£   
Valuation in 2018 347,859
Cost 1,636,016
1,983,875

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

31.3.18 31.3.17
£    £   
Cost 1,510,249 1,510,249

Investment property was valued on an open market basis on 31 March 2018 by the directors .

5. DEBTORS
31.3.18 31.3.17
£    £   
Amounts falling due within one year:
Trade debtors 3,840 6,084
Other debtors 378,185 399,368
382,025 405,452

Amounts falling due after more than one year:
Other debtors 4,616 9,232

Aggregate amounts 386,641 414,684

Page 5 continued...
ERINVALE PROPERTIES LIMITED (REGISTERED NUMBER: 05196969)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Bank loans and overdrafts 29,766 29,766
Trade creditors 136,676 128,615
Amounts owed to group undertakings 201,161 204,651
Taxation and social security 48,710 38,071
Other creditors 421,041 508,091
837,354 909,194

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.18 31.3.17
£    £   
Bank loans 294,887 313,638

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 175,822 194,573

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.18 31.3.17
£    £   
Bank loans 324,653 343,404

The bank loans are secured with a first charge over the company's investment property and over the property
with work in progress.

9. RESERVES
Fair
value
reserve
£   
At 1 April 2017 426,724
Transfer to fair value reserve 30,027

At 31 March 2018 456,751

Page 6