Buttermere Properties Limited - Period Ending 2014-08-31

Registration number: 04520870

Buttermere Properties Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 August 2014
 

PRWS (Bristol) Limited
Chartered Certified Accountants
11 Alma Vale Road
Clifton
Bristol
BS8 2HL

Buttermere Properties Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 3) have been prepared.

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Buttermere Properties Limited
for the Year Ended 31 August 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Buttermere Properties Limited for the year ended 31 August 2014 set out on pages 2 to 3 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Buttermere Properties Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Buttermere Properties Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Buttermere Properties Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Buttermere Properties Limited has kept adequate accounting records and to prepare financial statements that give a true and fair view of the assets, liabilities, financial position and results of Buttermere Properties Limited. You consider that Buttermere Properties Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Buttermere Properties 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 financial statements.

......................................

PRWS (Bristol) Limited
Chartered Certified Accountants
11 Alma Vale Road
Clifton
Bristol
BS8 2HL

12 March 2015

Page 1

Buttermere Properties Limited
(Registration number: 04520870)
Abbreviated Balance Sheet at 31 August 2014

		Note			2014 £			2013 £
Fixed assets
Investments					2			-
Current assets
Stocks					252,664			252,664
Cash at bank and in hand					60			60
					252,724			252,724
Creditors: Amounts falling due within one year					(2)			(698)
Net current assets					252,722			252,026
Total assets less current liabilities					252,724			252,026
Creditors: Amounts falling due after more than one year					(261,997)			(261,299)
Net liabilities					(9,273)			(9,273)
Capital and reserves
Called up share capital		3			4			4
Profit and loss account					(9,277)			(9,277)
Shareholders' deficit					(9,273)			(9,273)

For the year ending 31 August 2014 the company was entitled to exemption 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.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 12 March 2015

.........................................
C G Thomas
Director

The notes on page 3 form an integral part of these financial statements.
Page 2

Buttermere Properties Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

Stock

Stock is valued at the lower of cost, which includes property purchase price and associated professional fees together with subsequent refurbishment expenditure, and net realisable value.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Investments £			Total £
Cost
Additions		2			2
At 31 August 2014		2			2
Depreciation
At 31 August 2014		-			-
Net book value
At 31 August 2014		2			2

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary Share of £1 each		4			4			4			4

Page 3