REGISTERED NUMBER: 04396500 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2018

for

A & D Cutler Limited

Trading as

Eden Properties

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A J Cutler

D L Cutler

Mrs G Cutler

Mrs S M Cutler

SECRETARY:

D L Cutler

REGISTERED OFFICE:

Torswood

Ullenhall Lane

Gorcott Hill

Redditch

Worcestershire

B98 9ES

REGISTERED NUMBER:

04396500 (England and Wales)

ACCOUNTANTS:

P. D. Groves Ltd

34 Brisbane Way

Wimblebury

Cannock

Staffordshire

WS12 2GR

FIXED ASSETS

Investment property

4

2,055,000

1,893,896

CURRENT ASSETS

Debtors

5

168,644

183,837

Cash at bank

20,082

15,869

188,726

199,706

CREDITORS

Amounts falling due within one year

6

22,806

31,040

NET CURRENT ASSETS

165,920

168,666

TOTAL ASSETS LESS CURRENT LIABILITIES

2,220,920

2,062,562

CREDITORS

Amounts falling due after more than one year

7

(1,363,353

)

(1,363,353

)

PROVISIONS FOR LIABILITIES

(117,251

)

(93,399

)

NET ASSETS

740,316

605,810

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

9

617,111

456,007

Retained earnings

123,105

149,703

SHAREHOLDERS' FUNDS

740,316

605,810

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 20 December 2018 and were signed on its behalf by:

D L Cutler - Director

1.	STATUTORY INFORMATION

A & D Cutler 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.

Investment properties

Investment properties are shown at the most recent valuations. Any aggregate surplus or deficit arising from

changes in fair value is recognized in the fair value reserve.

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.

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 4 (2017 - 4 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2017

1,893,896

Revaluations

161,104

At 31 March 2018

2,055,000

NET BOOK VALUE

At 31 March 2018

2,055,000

At 31 March 2017

1,893,896

Fair value at 31 March 2018 is represented by:

£

Valuation in 2007

527,025

Valuation in 2009

22,381

Valuation in 2018

161,104

Cost

1,344,490

2,055,000

If Investment properties had not been revalued they would have been included at the following historical cost:

2018

2017

£

£

Cost

1,344,490

1,344,490

Investment properties were valued on an open market basis on 31 March 2018 by the directors .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other debtors

168,644

183,837

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Taxation and social security

9,570

10,468

Other creditors

13,236

20,572

22,806

31,040

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Other creditors

1,363,353

1,363,353

Amounts falling due in more than five years:

Repayable by instalments

Other loans due after 5 years

repayable in instalments

1,363,353

1,363,353

1,363,353

1,363,353

8.	SECURED DEBTS

The following secured debts are included within creditors:

2018

2017

£

£

Other loans

1,363,353

1,363,353

9.

RESERVES

Fair

value

reserve

£

At 1 April 2017

456,007

Revaluation of investment

properties

161,104

At 31 March 2018

617,111

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within other creditors is an amount of £3,985 (2017 - £7,103) due to A J Cutler and an amount of

£4,800 (2017 - £7,795) due to D L Cutler. These amounts are unsecured, repayable on demand and are

currently interest free.

Included within other debtors is an amount of £167,889 (2017- £183,649) due from Eden Properties (Midlands)

Ltd a company under the control of the directors of A & D Cutler Limited.