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FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2016 |
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TINGDENE HOUSE LIMITED |
REGISTERED NUMBER:
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FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2016 |
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FOR |
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TINGDENE HOUSE LIMITED |
TINGDENE HOUSE LIMITED (REGISTERED NUMBER: 09200375) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2016 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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TINGDENE HOUSE LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 30 SEPTEMBER 2016 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
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TINGDENE HOUSE LIMITED (REGISTERED NUMBER: 09200375) |
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BALANCE SHEET |
30 SEPTEMBER 2016 |
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2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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Investment property | 3 |
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CURRENT ASSETS |
Debtors | 4 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
6 |
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( |
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PROVISIONS FOR LIABILITIES | 7 | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 8 |
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Profit and loss account | 9 |
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SHAREHOLDERS' FUNDS |
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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. |
TINGDENE HOUSE LIMITED (REGISTERED NUMBER: 09200375) |
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BALANCE SHEET - continued |
30 SEPTEMBER 2016 |
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The financial statements were approved by the Board of Directors on
behalf by: |
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TINGDENE HOUSE LIMITED (REGISTERED NUMBER: 09200375) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2016 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance |
with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
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Turnover |
Turnover represents net invoiced sales of services, excluding value added tax. |
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Tangible fixed assets |
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Improvements to property | - |
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Investment properties |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from |
changes in market value is transferred to a revaluation reserve. |
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Deferred tax |
Deferred taxation is provided on the liability method to take account of timing differences between the |
treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or |
accelerated is accounted for in respect of all material timing differences. |
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2. | TANGIBLE FIXED ASSETS |
Improvements |
to |
property |
£ |
COST |
Additions |
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At 30 September 2016 |
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DEPRECIATION |
Charge for year |
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At 30 September 2016 |
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NET BOOK VALUE |
At 30 September 2016 |
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3. | INVESTMENT PROPERTY |
Total |
£ |
COST |
At 1 October 2015 |
and 30 September 2016 |
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NET BOOK VALUE |
At 30 September 2016 |
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At 30 September 2015 |
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TINGDENE HOUSE LIMITED (REGISTERED NUMBER: 09200375) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2016 |
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4. | DEBTORS |
2016 | 2015 |
£ | £ |
Amounts falling due within one year: |
Trade debtors | 23,431 | 12,214 |
Other debtors | 153,596 | 15,914 |
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Amounts falling due after more than one year: |
Other debtors | 583,165 | 400,000 |
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Aggregate amounts |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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6. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2016 | 2015 |
£ | £ |
Other creditors |
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7. | PROVISIONS FOR LIABILITIES |
2016 | 2015 |
£ | £ |
Deferred tax |
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Deferred |
tax |
£ |
Movement |
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Balance at 30 September 2016 |
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8. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
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Ordinary shares | 1 |
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TINGDENE HOUSE LIMITED (REGISTERED NUMBER: 09200375) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2016 |
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9. | RESERVES |
Profit |
and loss |
account |
£ |
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At 1 October 2015 |
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Profit for the year |
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At 30 September 2016 |
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10. | RELATED PARTY DISCLOSURES |
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Tingdene Investments Limited |
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A company in which C J Gibbard is a shareholder. |
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During the period the company received rental income of £3,963 (2015: £2,857) from Tingdene |
Investments Limited. During the year £60,786 (2015: £391) was recharged by Tingdene Investments |
Ltd for management charges. |
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Included within accruals is £26,051 (2015: £nil) owed to Tingdene Investments Limited at the balance |
sheet date. |
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Included within other debtors is £169,305 (2015: £872) owed by Tingdene Investments Limited at the |
balance sheet date. |
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Tingdene Estates Limited |
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A company in which C J Gibbard is a shareholder. |
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In September 2015 the company loaned £400,000 to Tingdene Estates Limited. Interest is charged on |
the loan at LIBOR plus 4% and the loan is due to be repaid no later than 14 years from the balance |
sheet date. Interest for the year amounted to £17,928 (2015: £nil). |
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Tingdene Estates Limited also owes £143,165 of interest free loans with no set timetable for |
repayment. |
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2016 | 2015 |
£ | £ |
Amount due from related party at the balance sheet date |
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TINGDENE HOUSE LIMITED (REGISTERED NUMBER: 09200375) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2016 |
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10. | RELATED PARTY DISCLOSURES - continued |
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Tingdene Holdings Limited |
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A company in which C J Gibbard is a shareholder. |
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During the period the company received rental income totalling £15,736 (2015: £33,148) which was |
collected on behalf of the company by Tingdene Holdings Limited. Recharges totalling £nil (2015: |
£619) were paid to Tingdene Holdings Limited in the period. |
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Last year the company received a loan from Tingdene Holdings Limited totalling £2,180,000. The loan |
is on an interest only basis and interest totalled £65,067 (2015: £43,393) for the year to 30 September |
2016. Interest of £10,861 is owed at the year end in relation to this loan. There is no set timetable for |
repayment of capital. |
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During the year the company received further loans from Tingdene Holdings Limited totalling |
£183,165. Interest is charged on the loans at 2.75% and £5,905 was due for the year. The loans are |
repayable on demand. |
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Within accrued income is £783 owed by Tingdene Holdings Limited. |
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2016 | 2015 |
£ | £ |
Amount due from related party at the balance sheet date |
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11. | ULTIMATE CONTROLLING PARTY |
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The company is under the control of its directors. |