Company Registration No. 03288522 (England and Wales)
ENDICOTT INVESTMENTS LTD
Unaudited financial statements
For the year ended 30 June 2017
Pages for filing with registrar
ENDICOTT INVESTMENTS LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
ENDICOTT INVESTMENTS LTD
BALANCE SHEET
As at 30 June 2017
- 1 -
2017
2016
Notes
£
£
£
£
Fixed assets
Tangible assets
2
1
1
Current assets
Stocks
3,225,609
4,679,536
Debtors
3
291,891
25,037
Cash at bank and in hand
2,683,024
1,017,415
6,200,524
5,721,988
Creditors: amounts falling due within one year
4
(815,368)
(596,253)
Net current assets
5,385,156
5,125,735
Total assets less current liabilities
5,385,157
5,125,736
Capital and reserves
Called up share capital
5
1,000
1,000
Profit and loss reserves
5,384,157
5,124,736
Total equity
5,385,157
5,125,736
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 30 June 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
T
he directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The financial statements were approved by the board of directors and authorised for issue on 27 March 2018 and are signed on its behalf by:
Roger Hamilton-Brown
Director
Company Registration No. 03288522
ENDICOTT INVESTMENTS LTD
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 30 June 2017
- 2 -
1
Accounting policies
Company information
Endicott Investments Ltd is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
Connect House
,
133-137 Alexandra Road
,
Wimbledon
,
London
,
SW19 7JY
.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for services provided
and property or securities sold
in the normal course of business
.
1.3
Tangible fixed assets
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures, fittings & equipment
- over 4 years
1.4
Stocks
Stocks
of property and listed and unlisted securities
are stated at cost
.
1.5
Cash and cash equivalents
Cash at bank and in hand
are basic financial assets
and
include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.6
Financial instruments
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price
.
Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans
are
recognised at transaction price
.
Financial liabilities classified as payable within one year are not amortised.
1.7
Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation are included in the profit and loss account for the period.
ENDICOTT INVESTMENTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
For the year ended 30 June 2017
- 3 -
2
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2016 and 30 June 2017
54,319
Depreciation and impairment
At 1 July 2016 and 30 June 2017
54,318
Carrying amount
At 30 June 2017
1
At 30 June 2016
1
3
Debtors
2017
2016
Amounts falling due within one year:
£
£
Other debtors
291,891
25,037
4
Creditors: amounts falling due within one year
2017
2016
£
£
Other creditors
815,368
596,253
5
Called up share capital
2017
2016
£
£
Ordinary share capital
Issued and fully paid
1,000 Ordinary shares of £1 each
1,000
1,000
1,000
1,000