BDF Plant Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05819742 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2018

for

BDF Plant Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

H W Mew

P J Wheelhouse

SECRETARY:

D Miller

REGISTERED OFFICE:

Colwick Industrial Estate

Colwick

Nottinghamshire

NG4 2BB

REGISTERED NUMBER:

05819742 (England and Wales)

ACCOUNTANTS:

Bostockwhite Limited

Cabourn House

Station Street

Bingham

Nottinghamshire

NG13 8AQ

FIXED ASSETS

Tangible assets

5

-

-

Investments

6

2,000,000

2,000,000

Investment property

7

2,500,000

2,500,000

4,500,000

4,500,000

CURRENT ASSETS

Debtors

8

265,742

383,428

Investments

9

2,233,652

2,249,816

Cash at bank

5,021,649

3,857,878

7,521,043

6,491,122

CREDITORS

Amounts falling due within one year

10

322,681

353,248

NET CURRENT ASSETS

7,198,362

6,137,874

TOTAL ASSETS LESS CURRENT LIABILITIES

11,698,362

10,637,874

PROVISIONS FOR LIABILITIES

147,099

155,210

NET ASSETS

11,551,263

10,482,664

CAPITAL AND RESERVES

Called up share capital

48

48

Revaluation reserve

11

1,839,650

1,839,650

Capital redemption reserve

11

18

18

Retained earnings

11

9,711,547

8,642,948

SHAREHOLDERS' FUNDS

11,551,263

10,482,664

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 4 June 2019 and were signed on its behalf by:

P J Wheelhouse - Director

1.	STATUTORY INFORMATION

BDF Plant 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.

These financial statements have been produced on a going concern basis. Having carried out a review of the company's

resources and the challenges presented by the current trading climate, the directors are satisfied that the company has

sufficient cash flows to meet its liabilities as they fall due for at least one year from the date of approval of these accounts.

Turnover

Turnover represents rental income receivable during the period arising from the leasing of both property and plant &

machinery. Rental income is recognised on a straight line basis over the length of the lease agreement.

Tangible fixed assets

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

Plant and machinery

-

10-15% straight line, per annum

Fixtures and fittings

-

10-50% straight line, per annum

Motor vehicles

-

10-33% straight line, per annum

All tangible fixed assets are recorded at their purchase cost to either the company or British Drilling and Freezing

Company Limited where assets were originally purchased by that company prior to the transfer on 1 November 2006.

The cost of tangible fixed assets is their purchase price together with any incidental costs of acquisition.

Investment property

Investment property is shown at fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised

in the income statement. Deferred taxation is provided on these gains or losses, to the extent they are recoverable, at the

rate expected to apply when the property is sold.

Financial instruments

Basic financial instruments are recognised at amortised cost. Other financial instruments are recognised at fair value

through 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.

Investments

Fixed asset investments are stated at cost less impairment.

Current asset investments include sums on short-term deposits with recognised investment managers. Current asset

investments are recognised at fair value with any fair value adjustments included within the profit or loss.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - NIL).

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2018

and 31 December 2018

10,127,995

139,545

100,189

45,722

10,413,451

DEPRECIATION

At 1 January 2018

and 31 December 2018

10,127,995

139,545

100,189

45,722

10,413,451

NET BOOK VALUE

At 31 December 2018

-

-

-

-

-

At 31 December 2017

-

-

-

-

-

All of the assets included above are held for use in operating leases.

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2018

and 31 December 2018

2,000,000

NET BOOK VALUE

At 31 December 2018

2,000,000

At 31 December 2017

2,000,000

The above investment is in BDF Partnership LLP, a limited liability partnership in which the members are directors of BDF

Plant Limited. The registered office for BDF Partnership LLP is Private Road No.3, Colwick Industrial Estate, Colwick,

Nottingham, Nottinghamshire, NG4 2BB.

7.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2018

and 31 December 2018

2,500,000

NET BOOK VALUE

At 31 December 2018

2,500,000

At 31 December 2017

2,500,000

The investment property has been valued by the directors on an open market basis.

If investment property had not been revalued, it would have been included at the following historical cost:

31.12.18

31.12.17

£

£

Cost

1,243,958

1,243,958

Aggregate depreciation

(640,941

)

(621,189

)

Net book value

603,017

622,769

The investment property has been valued by the directors on an open market basis.

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Other debtors

265,742

383,428

9.	CURRENT ASSET INVESTMENTS

31.12.18

31.12.17

£

£

Other

2,233,652

2,249,816

10.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Corporation tax

263,398

277,433

VAT

54,941

71,451

Other creditors

4,342

4,364

322,681

353,248

11.

RESERVES

Capital

Retained

Revaluation

redemption

earnings

reserve

reserve

Totals

£

£

£

£

At 1 January 2018

8,642,948

1,839,650

18

10,482,616

Profit for the year

1,068,599

1,068,599

At 31 December 2018

9,711,547

1,839,650

18

11,551,215