Company Registration No. 10831787 (England and Wales)
Bacup Estates Ltd
Unaudited accounts
for the period from 22 June 2017 to 30 June 2018
Bacup Estates Ltd
Unaudited accounts
Contents
Bacup Estates Ltd
Statement of financial position
as at 30 June 2018
Investment property
47,671
Cash at bank and in hand
1,623
Total assets less current liabilities
49,294
Creditors: amounts falling due after more than one year
(61,838)
Profit and loss account
(12,546)
Shareholders' funds
(12,544)
For the period ending 30 June 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the period in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 18 March 2019.
Joshua Fried
Director
Company Registration No. 10831787
Bacup Estates Ltd
Notes to the Accounts
for the period from 22 June 2017 to 30 June 2018
Bacup Estates Ltd is a private company, limited by shares, registered in England and Wales, registration number 10831787. The registered office is 6-7 Broadway Mews, Clapton Common, London, E5 9AF, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the period from 22 June 2017 to 30 June 2018 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 22 June 2017.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
Transactions with related parties
Included within creditors is an amount aggregating to £8,050 due to a company with a director in common with this company.
5
Average number of employees
During the period the average number of employees was 0.
