Spires Estates Limited |
Accountants' Report |
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Accountants' report to the directors of |
Spires Estates Limited |
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You consider that the company is exempt from an audit for the year ended 31 December 2016. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. |
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. |
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. |
|
Goddards Accountants |
Accountants |
|
Spirit House |
8 High Street |
West Molesey |
Surrey |
KT8 2NA |
|
27 June 2017 |
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Spires Estates Limited
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Balance Sheet |
as at 31 December 2016
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Notes |
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2016 |
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2015 |
£ |
£ |
Fixed assets |
Tangible assets |
4 |
|
|
285,443 |
|
|
281,897 |
|
Current assets |
Debtors |
5 |
|
6,483 |
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|
13,086 |
Cash at bank and in hand |
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|
755 |
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|
690 |
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|
7,238 |
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|
13,776 |
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Creditors: amounts falling due within one year |
6 |
|
(3,169) |
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(3,389) |
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Net current assets |
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|
4,069 |
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10,387 |
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Total assets less current liabilities |
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289,512 |
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|
292,284 |
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Creditors: amounts falling due after more than one year |
7 |
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(275,030) |
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(282,340) |
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Net assets |
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14,482 |
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9,944 |
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Capital and reserves |
Called up share capital |
8 |
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|
100 |
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|
100 |
Profit and loss account |
9 |
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|
14,382 |
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|
9,844 |
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Shareholders' funds |
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|
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14,482 |
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9,944 |
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The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
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The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
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S Spires |
Director |
Approved by the board on 27 June 2017
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Spires Estates Limited
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Notes to the Accounts |
for the year ended 31 December 2016
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1 |
Accounting policies |
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Depreciation |
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Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
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Plant and machinery |
20% straight line
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Motor vehicles |
25% straight line
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2 |
Operating profit |
2016 |
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2015 |
£ |
£ |
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This is stated after charging: |
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Depreciation of owned fixed assets |
623 |
|
853 |
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3 |
Taxation |
2016 |
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2015 |
£ |
£ |
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UK corporation tax |
1,135 |
|
1,687 |
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4 |
Tangible fixed assets |
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Land and buildings |
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Plant and machinery etc |
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Total |
£ |
£ |
£ |
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Cost |
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At 1 January 2016 |
280,000 |
|
3,670 |
|
283,670 |
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Additions |
4,169 |
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- |
|
4,169 |
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At 31 December 2016 |
284,169 |
|
3,670 |
|
287,839 |
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|
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|
|
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Depreciation |
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At 1 January 2016 |
- |
|
1,773 |
|
1,773 |
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Charge for the year |
- |
|
623 |
|
623 |
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At 31 December 2016 |
- |
|
2,396 |
|
2,396 |
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|
|
|
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|
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Net book value |
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At 31 December 2016 |
284,169 |
|
1,274 |
|
285,443 |
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At 31 December 2015 |
280,000 |
|
1,897 |
|
281,897 |
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5 |
Debtors |
2016 |
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2015 |
£ |
£ |
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Other debtors |
6,483 |
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13,086 |
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6 |
Creditors: amounts falling due within one year |
2016 |
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2015 |
£ |
£ |
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Trade creditors |
- |
|
162 |
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Corporation tax |
1,977 |
|
2,385 |
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Other taxes and social security costs |
192 |
|
192 |
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Other creditors |
1,000 |
|
650 |
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3,169 |
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3,389 |
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7 |
Creditors: amounts falling due after one year |
2016 |
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2015 |
£ |
£ |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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275,030 |
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282,340 |
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8 |
Share capital |
Nominal |
|
2016 |
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2016 |
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2015 |
value |
Number |
£ |
£ |
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Allotted, called up and fully paid: |
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Ordinary shares
|
£1 each |
|
100 |
|
100 |
|
100 |
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9 |
Profit and loss account |
2016 |
£ |
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At 1 January 2016 |
9,844 |
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Profit for the year |
4,538 |
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At 31 December 2016 |
14,382 |
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