Birstall Garden Buildings Limited - Accounts to registrar (filleted) - small 18.2

Birstall Garden Buildings Limited - Accounts to registrar (filleted) - small 18.2

BIRSTALL GARDEN BUILDINGS LIMITED - Company Information

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REGISTERED NUMBER: 05569684 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2018

FOR

BIRSTALL GARDEN BUILDINGS
LIMITED
Prime
Chartered Accountants
5 Argosy Court
Scimitar Way
Whitley Business Park
Coventry
CV3 4GA








BIRSTALL GARDEN BUILDINGS
LIMITED (REGISTERED NUMBER: 05569684)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BIRSTALL GARDEN BUILDINGS
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2018







DIRECTOR: B D Lee





SECRETARY: D A Lee





REGISTERED OFFICE: 27-35 Sibson Road
Birstall
Leicestershire
LE4 4DX





REGISTERED NUMBER: 05569684 (England and Wales)





ACCOUNTANTS: Prime
Chartered Accountants
5 Argosy Court
Scimitar Way
Whitley Business Park
Coventry
CV3 4GA
Page 1
BIRSTALL GARDEN BUILDINGS
LIMITED (REGISTERED NUMBER: 05569684)

BALANCE SHEET
31 DECEMBER 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Investments 3 750 750
Investment property 4 1,200,000 1,200,000
1,200,750 1,200,750

CURRENT ASSETS
Debtors 5 9,962 10,902
Cash at bank 34,529 29,656
44,491 40,558
CREDITORS
Amounts falling due within one year 6 8,510 8,547
NET CURRENT ASSETS 35,981 32,011
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,236,731
1,232,761

PROVISIONS FOR LIABILITIES 174,065 175,482
NET ASSETS 1,062,666 1,057,279

CAPITAL AND RESERVES
Called up share capital 750 750
Revaluation reserve 7 959,370 959,370
Retained earnings 102,546 97,159
SHAREHOLDERS' FUNDS 1,062,666 1,057,279

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 director acknowledges his 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 notes form part of these financial statements

Page 2 continued...
BIRSTALL GARDEN BUILDINGS
LIMITED (REGISTERED NUMBER: 05569684)

BALANCE SHEET - continued
31 DECEMBER 2018


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 director on 27 September 2019 and were signed by:





B D Lee - Director


The notes form part of these financial statements

Page 3
BIRSTALL GARDEN BUILDINGS
LIMITED (REGISTERED NUMBER: 05569684)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2018


1. 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
The turnover shown in the profit and loss account represents rents receivable.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is included at 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.

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.

2. EMPLOYEES AND DIRECTORS

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

3. FIXED ASSET INVESTMENTS


Page 4 continued...
BIRSTALL GARDEN BUILDINGS
LIMITED (REGISTERED NUMBER: 05569684)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2018


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2018
and 31 December 2018 1,200,000
NET BOOK VALUE
At 31 December 2018 1,200,000
At 31 December 2017 1,200,000

Fair value at 31 December 2018 is represented by:

£   
Valuation in 2012 1,200,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Amounts owed by group undertakings 9,962 10,902

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Taxation and social security 7,410 7,447
Other creditors 1,100 1,100
8,510 8,547

7. RESERVES
Revaluation
reserve
£   
At 1 January 2018
and 31 December 2018 959,370

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is B D Lee.

Page 5