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REGISTERED NUMBER: 01240291 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

PAUL & GARY INVESTMENTS LIMITED

PAUL & GARY INVESTMENTS LIMITED (REGISTERED NUMBER: 01240291)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


PAUL & GARY INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2017







DIRECTORS: I K Knowles
Mrs Y R Knowles
P G W Knowles
G E Knowles





SECRETARY: Mrs E N Knowles





REGISTERED OFFICE: 2 The Links
HERNE BAY
Kent
CT6 7GQ





BUSINESS ADDRESS: Elizabeth House
Oaklands Farm
Inchbrook , Stroud
Gloucestershire
GL5 5HA





REGISTERED NUMBER: 01240291 (England and Wales)





ACCOUNTANTS: McCabe Ford Williams
Chartered Accountants
2 The Links
HERNE BAY
Kent
CT6 7GQ

PAUL & GARY INVESTMENTS LIMITED (REGISTERED NUMBER: 01240291)

ABRIDGED BALANCE SHEET
31 MARCH 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Investments 4 440,418 383,936
Investment property 5 915,000 792,400
1,355,418 1,176,336

CURRENT ASSETS
Debtors 1,530 9,906
Cash at bank 72,971 40,303
74,501 50,209
CREDITORS
Amounts falling due within one year 10,255 4,310
NET CURRENT ASSETS 64,246 45,899
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,419,664

1,222,235

PROVISIONS FOR LIABILITIES 28,400 -
NET ASSETS 1,391,264 1,222,235

CAPITAL AND RESERVES
Called up share capital 6 1,000 1,000
Fair value reserve 7 349,946 255,746
Retained earnings 1,040,318 965,489
SHAREHOLDERS' FUNDS 1,391,264 1,222,235

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 7 December 2017 and were signed on its behalf
by:



P G W Knowles - Director


PAUL & GARY INVESTMENTS LIMITED (REGISTERED NUMBER: 01240291)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017

1. STATUTORY INFORMATION

Paul & Gary Investments 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A
These financial statements for the year ended 31 March 2017 are the first that are prepared in accordance with
FRS 102 Section 1A. The previous financial statements were prepared in accordance with UK GAAP, the date of
transition to FRS 102 Section 1A is 1 April 2015.

Turnover
Turnover represents rental income due and investment income paid, excluding value added tax.

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.

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.

PAUL & GARY INVESTMENTS LIMITED (REGISTERED NUMBER: 01240291)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2017

4. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST OR VALUATION
At 1 April 2016 383,936
Additions 226,861
Disposals (212,027 )
Revaluations 41,648
At 31 March 2017 440,418
NET BOOK VALUE
At 31 March 2017 440,418
At 31 March 2016 383,936

Cost or valuation at 31 March 2017 is represented by:
Totals
£   
Valuation in 2017 440,418

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2016 792,400
Revaluations 122,600
At 31 March 2017 915,000
NET BOOK VALUE
At 31 March 2017 915,000
At 31 March 2016 792,400

Fair value at 31 March 2017 is represented by:

£   
Valuation in 2017 328,790
Cost 586,210
915,000

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2017 2016
value: £    £   
1,000 Ordinary £1 1,000 1,000

PAUL & GARY INVESTMENTS LIMITED (REGISTERED NUMBER: 01240291)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2017

7. RESERVES
Fair
value
reserve
£   
At 1 April 2016 255,746
Revaluation adjustment 94,200

At 31 March 2017 349,946