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REGISTERED NUMBER: 00645385 (England and Wales)















A. & E. SHARPE PROPERTIES LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2018






A. & E. SHARPE PROPERTIES LIMITED (REGISTERED NUMBER: 00645385)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A. & E. SHARPE PROPERTIES LIMITED

COMPANY INFORMATION
for the Year Ended 30 June 2018







DIRECTORS: E J Ward
S F Marsh





SECRETARY: E J Ward





REGISTERED OFFICE: 20 High Street
Hauxton
Cambridge
CB22 5HW





REGISTERED NUMBER: 00645385 (England and Wales)





ACCOUNTANTS: Pomroy Associates Ltd
Chartered Accountants
Weltech Centre
Ridgeway
Welwyn Garden City
Hertfordshire
AL7 2AA
Page 1
A. & E. SHARPE PROPERTIES LIMITED (REGISTERED NUMBER: 00645385)

BALANCE SHEET
30 June 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,815 931
Investments 5 64,660 67,852
Investment property 6 875,000 785,000
941,475 853,783

CURRENT ASSETS
Debtors 7 2,760 2,178
Cash at bank 22,076 31,084
24,836 33,262
CREDITORS
Amounts falling due within one year 8 12,217 9,840
NET CURRENT ASSETS 12,619 23,422
TOTAL ASSETS LESS CURRENT
LIABILITIES
954,094
877,205

PROVISIONS FOR LIABILITIES 87,565 70,203
NET ASSETS 866,529 807,002

The notes on pages 4 to 7 form part of these financial statements

Page 2
A. & E. SHARPE PROPERTIES LIMITED (REGISTERED NUMBER: 00645385)

BALANCE SHEET - continued
30 June 2018

2018 2017
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 10,000 10,000
Fair value reserve 10 350,261 280,815
Retained earnings 506,268 516,187
SHAREHOLDERS' FUNDS 866,529 807,002

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 15 March 2019 and were signed on its
behalf by:




S F Marsh - Director



E J Ward - Director


The notes on pages 4 to 7 form part of these financial statements

Page 3
A. & E. SHARPE PROPERTIES LIMITED (REGISTERED NUMBER: 00645385)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2018


1. STATUTORY INFORMATION

A. & E. Sharpe 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.

Rental income is recognised when due. Income from investments is recognised when received.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,
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.


Page 4
A. & E. SHARPE PROPERTIES LIMITED (REGISTERED NUMBER: 00645385)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2018


2. ACCOUNTING POLICIES - continued
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 NIL (2017 - 2 ).

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2017 4,610 2,154 6,764
Additions - 1,490 1,490
At 30 June 2018 4,610 3,644 8,254
DEPRECIATION
At 1 July 2017 4,427 1,406 5,833
Charge for year 46 560 606
At 30 June 2018 4,473 1,966 6,439
NET BOOK VALUE
At 30 June 2018 137 1,678 1,815
At 30 June 2017 183 748 931


Page 5
A. & E. SHARPE PROPERTIES LIMITED (REGISTERED NUMBER: 00645385)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2018


5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 July 2017 67,852
Impairments (3,192 )
At 30 June 2018 64,660
NET BOOK VALUE
At 30 June 2018 64,660
At 30 June 2017 67,852

Cost or valuation at 30 June 2018 is represented by:

Other
investments
£   
Valuation in 2018 64,660

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2017 785,000
Revaluations 90,000
At 30 June 2018 875,000
NET BOOK VALUE
At 30 June 2018 875,000
At 30 June 2017 785,000

The freehold property has a historical cost of £481,818.

Fair value at 30 June 2018 is represented by:

£   
Valuation in 2018 875,000

Page 6
A. & E. SHARPE PROPERTIES LIMITED (REGISTERED NUMBER: 00645385)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2018


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 1,535 1,535
Other debtors 1,225 643
2,760 2,178

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Taxation and social security 6,517 6,600
Other creditors 5,700 3,240
12,217 9,840

9. CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:
Number: Class: Nominal 2018 2017
value: £    £   
5,000 Ordinary A £1 5,000 5,000
5,000 Ordinary B £1 5,000 5,000
10,000 10,000

10. RESERVES
Fair
value
reserve
£   
At 1 July 2017 280,815
Transfer from retained earnings 69,446

At 30 June 2018 350,261

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are S F Marsh and E J Ward, both of whom are directors.

Page 7