FENWELL_ESTATES_LIMITED - Accounts

FENWELL ESTATES LTD - Company Information

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FENWELL ESTATES LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2014

Company Registration No. 04720628 (England and Wales)

FENWELL ESTATES LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 5

FENWELL ESTATES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 APRIL 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

2,950,670

2,688,144

Investments

667,292

3,617,962

3,355,436

Current assets

Stocks

20,000

Debtors

3,833

1,514

Cash at bank and in hand

25,176

21,238

49,009

42,752

Creditors: amounts falling due within one year

(1,038,154)

(890,172)

Net current liabilities

(989,145)

(847,420)

Total assets less current liabilities

2,628,817

2,508,016

Creditors: amounts falling due after more than one year

(1,524,874)

(1,602,619)

1,103,943

905,397

Capital and reserves

Called up share capital

Revaluation reserve

119,884

Profit and loss account

984,049

785,503

Shareholders' funds

1,103,943

905,397

FENWELL ESTATES LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

30 APRIL 2014

- 2 -

For the financial year ended 30 April 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

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

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board and authorised for issue on 28 January 2015

Mr D Silverbeck

Director

Company Registration No. 04720628

FENWELL ESTATES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2014

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings.

1.2

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.3

Tangible fixed assets and depreciation

The part of the annual depreciation charge on revalued assets which relates to the revaluation surplus is transferred from the revaluation reserve to the profit and loss account.

Land and buildings Freehold

2% straight line

Fixtures, fittings & equipment

20% straight line

The part of the annual depreciation charge on revalued assets which relates to the revaluation surplus is transferred from the revaluation reserve to the profit and loss account.

1.4

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.5

Stock and work in progress

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

1.6

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes.

1.7

Group accounts

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

FENWELL ESTATES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2014

- 4 -

Fixed assets

Tangible assets

Investments

Total

Cost or valuation

At 1 May 2013

2,970,667

667,292

3,637,959

Additions

322,318

At 30 April 2014

3,292,985

667,292

3,960,277

Depreciation

At 1 May 2013

282,523

Charge for the year

59,792

At 30 April 2014

342,315

Net book value

At 30 April 2014

2,950,670

667,292

3,617,962

At 30 April 2013

2,688,144

667,292

3,355,436

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £132,149 (2013 - £137,821).

Creditors: amounts falling due after more than one year

2014

2013

Analysis of loans repayable in more than five years

Total amounts repayable by instalments which are due in more than five years

318,384

421,155

The aggregate amount of creditors for which security has been given amounted to £838,679 (2013 - £971,240).

FENWELL ESTATES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2014

- 5 -

Share capital

2014

2013

Allotted, called up and fully paid

8 Ordinary shares of £1 each

2 A Ordinary shares of £1 each

Related party relationships and transactions

Other transactions

Included within Creditors: amounts falling due within one year is £716,121 (2013: 582,723) owed to the director.