Branksome Park Holdings Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08654034 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE PERIOD 16 AUGUST 2013 TO 31 MARCH 2014

FOR

BRANKSOME PARK HOLDINGS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

7

DIRECTORS:

J Oak

Mrs C B A Oak

REGISTERED OFFICE:

3 Durrant Road

Bournemouth

Dorset

BH2 6NE

REGISTERED NUMBER:

08654034 (England and Wales)

ACCOUNTANTS:

Carter & Coley

3 Durrant Road

Bournemouth

Dorset

BH2 6NE

FIXED ASSETS

Tangible assets

2

1,995

Investments

3

100

Investment property

4

711,091

713,186

CURRENT ASSETS

Debtors

8,400

CREDITORS

Amounts falling due within one year

5

270,050

NET CURRENT LIABILITIES

(261,650

)

TOTAL ASSETS LESS CURRENT LIABILITIES

451,536

CREDITORS

Amounts falling due after more than one year

5

452,946

NET LIABILITIES

(1,410

)

CAPITAL AND RESERVES

Called up share capital

6

100

Profit and loss account

(1,510

)

SHAREHOLDERS' FUNDS

(1,410

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 5 February 2015 and were signed on its behalf by:

J Oak - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements

The financial statements contain information about Branksome Park Holdings Limited as an

individual company and do not contain consolidated financial information as the parent of a group.

The company has taken the option under Section 398 of the Companies Act 2006 not to prepare

consolidated financial statements.

Financial reporting standard number 1

Exemption has been taken from preparing a cash flow statement on the grounds that the company

qualifies as a small company.

Turnover

Turnover represents rents receivable during the period, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Investment property

In accordance with the provisions of SSAP 19 freehold investment buildings are not depreciated.

This is in contravention to the Companies Act 2006 which requires all tangible fixed assets to be

depreciated. The directors are of the opinion that this departure from the Companies Act 2006 is

needed to present a true and fair view.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

2,100

At 31 March 2014

2,100

DEPRECIATION

Charge for period

105

At 31 March 2014

105

NET BOOK VALUE

At 31 March 2014

1,995

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

Additions

100

At 31 March 2014

100

NET BOOK VALUE

At 31 March 2014

100

The company's investments at the balance sheet date in the share capital of companies include the

following:

Woodmace Plant Ltd

Nature of business: Plant hire

%

Class of shares:

holding

Ordinary

100.00

2014

£

Aggregate capital and reserves

100

Loss for the period

(250

)

4.	INVESTMENT PROPERTY

Total

£

COST

Additions

711,091

At 31 March 2014

711,091

NET BOOK VALUE

At 31 March 2014

711,091

5.

CREDITORS

Creditors include an amount of £ 481,537 for which security has been given.

They also include the following debts falling due in more than five years:

£

Repayable by instalments

335,817

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

50

A Ordinary

£1

50

50

B Ordinary

£1

50

100

The following shares were issued during the period for cash at par :

50 A Ordinary shares of £1

50 B Ordinary shares of £1

The following reproduces the text of the report prepared for the directors in respect of the company's

annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on

pages two to six) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your

approval the financial statements of Branksome Park Holdings Limited for the period ended 31 March 2014

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 us.

As a practising 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/membershandbook.

This report is made solely to the Board of Directors of Branksome Park Holdings Limited, as a body, in

accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval

the financial statements of Branksome Park Holdings Limited and state those matters that we have agreed to

state to the Board of Directors of Branksome Park Holdings 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 the company and its Board of Directors, as a body, for

our work or for this report.

It is your duty to ensure that Branksome Park Holdings Limited has kept adequate accounting records and to

prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position

and loss of Branksome Park Holdings Limited. You consider that Branksome Park Holdings Limited is

exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Branksome Park

Holdings 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.

Carter & Coley

3 Durrant Road

Bournemouth

Dorset

BH2 6NE

5 February 2015