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Registered number: 06364434










ESQUIRE PEARL REALTY (DANBURY) LIMITED








UNAUDITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2015

 
ESQUIRE PEARL REALTY (DANBURY) LIMITED
 
 
The following reproduces the text of the Chartered accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 5) have been prepared.
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF ESQUIRE PEARL REALTY (DANBURY) LIMITED
FOR THE YEAR ENDED 30 JUNE 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Esquire Pearl Realty (Danbury) Limited for the year ended 30 June 2015 which comprise the Profit and loss account, the Balance sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
 

As a member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.


This report is made solely to the Board of directors of Esquire Pearl Realty (Danbury) Limited, as a body, in accordance with the terms of our engagement letter dated  23 July 2014Our work has been undertaken solely  to prepare for your approval the financial statements of Esquire Pearl Realty (Danbury) Limited and state those matters that we have agreed to state to the Board of directors of Esquire Pearl Realty (Danbury) Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Esquire Pearl Realty (Danbury) Limited and its Board of directors, as a body, for our work or for this report.
 
 
It is your duty to ensure that Esquire Pearl Realty (Danbury) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the company's assets, liabilities, financial position and loss. You consider that Esquire Pearl Realty (Danbury) Limited is exempt from the statutory audit requirement for the year.
 
 
We  have not been instructed to carry out an audit or review of the financial statements of Esquire Pearl Realty (Danbury) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.





MA Partners LLP
 
Chartered Accountants
  
7 The Close
Norwich
Norfolk
NR1 4DJ

30 March 2016
Page 1

 
ESQUIRE PEARL REALTY (DANBURY) LIMITED
REGISTERED NUMBER:  06364434

ABBREVIATED BALANCE SHEET
AS AT  30 JUNE 2015

2015
2014
Note
£
£
£
£
 
FIXED ASSETS





 
Investment property
2
-
23,000,000
 
Investments
 
3
900,000

900,000








900,000

23,900,000
 
CURRENT ASSETS





 
Debtors
-
3,610
 
CREDITORS:  amounts falling due within one year
4
(15,624,997 )
(31,278,866 )
 
NET CURRENT LIABILITIES


(15,624,997 )

(31,275,256 )
 
TOTAL ASSETS LESS CURRENT LIABILITIES
(14,724,997 )
(7,375,256 )
 
CREDITORS:  amounts falling due after more than one year
(2,101,211 )

(2,052,134 )

NET LIABILITIES




  (16,826,208 )


  (9,427,390 )
  
CAPITAL AND RESERVES

 
Called up share capital
5
2
2
 
Profit and loss account
(16,826,210 )
(9,427,392 )
 
SHAREHOLDERS' DEFICIT
 

  (16,826,208 )

  (9,427,390 )


The directors consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act")  and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act.  

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 30 June 2015 and of its loss for the year in accordance with the requirements of sections 394 and 395 of the Act and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.


Page 2

 
ESQUIRE PEARL REALTY (DANBURY) LIMITED
 
    
ABBREVIATED BALANCE SHEET  (continued)
AS AT  30 JUNE 2015

The abbreviated accounts, which have been prepared in accordance with the provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf by : 





................................................
Mr J R Pickstock
Director

Date:  30 March 2016

The notes on pages 4 to 5 form part of these financial statements.

Page 3

 
ESQUIRE PEARL REALTY (DANBURY) LIMITED
 
 
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2015

1. ACCOUNTING POLICIES



Turnover comprises rent recievable.



2. INVESTMENT PROPERTY



£


Valuation


At 1 July 2014
23,000,000

Disposals
(23,000,000 )


At 30 June 2015

  -


The 2015 valuations were made by the directors, on an open market value for existing use basis.


3. FIXED ASSET INVESTMENTS



£


Cost



At 1 July 2014 and 30 June 2015

900,000




Net book value


At 30 June 2015
  900,000


At 30 June 2014

  900,000

Subsidiary undertakings

The following were subsidiary undertakings of the company:

Class of shares
Holding



Danbury Healthcare Limied
Ordinary
100 %
St Joseph's Limited
Ordinary
100 %

Page 4

 
ESQUIRE PEARL REALTY (DANBURY) LIMITED
 
 
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2015

3. FIXED ASSET INVESTMENTS (continued)

The aggregate of the share capital and reserves as at 30 June 2015 and of the profit or loss for the year ended on that date for the subsidiary undertakings were as follows:

Name
Aggregate of share capital and reserves
Profit/(loss)

         £
         £



(1,041,641 )
St Joseph's Limited
-
-


4. CREDITORS:
Amounts falling due within one year

The bank loans are secured by way of first and only legal charges over the properties owned by the company and its subsidiaries, cross guarantees from the subsidiaries and personal guarantee from Mr A Pickstock and Mr R Pickstock. 
The bank loan was due for settlement by December 2012, therefore it has been reclassified as current liability. 
Interest is charged at a variable commerical rate. Capital and interest repayments are made on quarterly basis.

 

5. SHARE CAPITAL
         2015
         2014
         £

         £

Allotted, called up and fully paid



2   Ordinary  shares of £ 1  each
  2
  2

Page 5