Bernard Taylor Partnership Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04168609 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

FOR

BERNARD TAYLOR PARTNERSHIP LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

V J Saunders

M Atkinson

SECRETARY:

V J Saunders

REGISTERED OFFICE:

Elizabeth House

486 Didsbury Road

Heaton Mersey

Stockport

Cheshire

SK4 3BS

REGISTERED NUMBER:

04168609 (England and Wales)

ACCOUNTANTS:

Moss & Williamson Limited

Chartered Accountants

Booth Street Chambers

Ashton-under-Lyne

Lancashire

OL6 7LQ

BANKERS:

HSBC

5 Great Underbank

Stockport

Cheshire

SK1 1LH

FIXED ASSETS

Tangible assets

4

223,148

205,019

CURRENT ASSETS

Debtors

360,208

228,648

Cash at bank

216,305

318,445

576,513

547,093

CREDITORS

Amounts falling due within one year

251,024

274,153

NET CURRENT ASSETS

325,489

272,940

TOTAL ASSETS LESS CURRENT LIABILITIES

548,637

477,959

CREDITORS

Amounts falling due after more than one year

(103,504

)

(147,219

)

PROVISIONS FOR LIABILITIES

(6,847

)

(2,596

)

NET ASSETS

438,286

328,144

CAPITAL AND RESERVES

Called up share capital

24

24

Revaluation reserve

6

35,146

35,146

Capital redemption reserve

6

26

26

Retained earnings

6

403,090

292,948

SHAREHOLDERS' FUNDS

438,286

328,144

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

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

V J Saunders - Director

M Atkinson - Director

1.	STATUTORY INFORMATION

Bernard Taylor Partnership 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover represents the value of services provided where the right to consideration has been obtained.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on cost

The Freehold Property held and used in the Company's own activities is stated in the balance sheet at

its revalued amount. The revalued amount equates to the fair value at the date of revaluation, less any

depreciation or impairment losses subsequently accumulated. Revaluations are carried out regularly

so that the carrying amounts do not materially differ from using the fair value at the balance sheet date.

Any revaluation increase or decrease on Freehold Property is credited to the property revaluation

reserve.

Depreciation on the Freehold Property is charged to profit or loss so as to write off the value less

residual value, over the estimated useful life of 50 years using the straight-line method.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2018 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST OR VALUATION

At 1 April 2018

415,646

Additions

29,629

At 31 March 2019

445,275

DEPRECIATION

At 1 April 2018

210,627

Charge for year

11,500

At 31 March 2019

222,127

NET BOOK VALUE

At 31 March 2019

223,148

At 31 March 2018

205,019

Cost or valuation at 31 March 2019 is represented by:

Totals

£

Valuation in 2016

200,000

Cost

245,275

445,275

If the Freehold Property had not been revalued it would have been included at the following historical

cost:

2019

2018

£

£

Cost

208,132

208,132

Aggregate depreciation

57,862

53,699

The Freehold Property was valued on an open market basis on 30 September 2015 by the Directors .

5.	SECURED DEBTS

The following secured debts are included within creditors:

2019

2018

£

£

Bank loans

147,287

190,002

The bank loan was secured by way of a legal mortgage over the freehold property and a debenture

incorporating a fixed and floating charge over all the current and future assets of the company.

6.

RESERVES

Capital

Retained

Revaluation

redemption

earnings

reserve

reserve

Totals

£

£

£

£

At 1 April 2018

292,948

35,146

26

328,120

Profit for the year

199,492

199,492

Dividends

(89,350

)

(89,350

)

At 31 March 2019

403,090

35,146

26

438,262

7.	ULTIMATE CONTROLLING PARTY

The controlling party is BTP Holdings Limited.