Bartram Land Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07613911 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2019

FOR

BARTRAM LAND LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Bartram

Mrs B J Hutchinson

SECRETARY:

Mrs B J Hutchinson

REGISTERED OFFICE:

High Road

Beeston

Sandy

Bedfordshire

SG19 1PB

REGISTERED NUMBER:

07613911 (England and Wales)

ACCOUNTANTS:

Bayler Wood Associates Ltd

Chartered Certified Accountants

Priory House

1a Silsoe Road

Wardhedges

Flitton

Bedfordshire

MK45 5EE

FIXED ASSETS

Tangible assets

3

378,948

417,131

Investment property

4

2,811,257

2,555,688

3,190,205

2,972,819

CURRENT ASSETS

Debtors

5

272,311

290,429

Cash at bank

15,927

18,357

288,238

308,786

CREDITORS

Amounts falling due within one year

6

552,901

474,752

NET CURRENT LIABILITIES

(264,663

)

(165,966

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,925,542

2,806,853

CREDITORS

Amounts falling due after more than one year

7

(1,388,966

)

(1,573,013

)

PROVISIONS FOR LIABILITIES

(198,558

)

(162,317

)

NET ASSETS

1,338,018

1,071,523

CAPITAL AND RESERVES

Called up share capital

9

100

100

Undistributable reserves

792,640

632,837

Retained earnings

545,278

438,586

SHAREHOLDERS' FUNDS

1,338,018

1,071,523

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.

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 21 November 2019 and were signed on its behalf by:

J Bartram - Director

Mrs B J Hutchinson - Director

1.	STATUTORY INFORMATION

Bartram Land 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.

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 net property and aviation rental income received, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on cost

Helicopter

-

8% on cost

Subsequent costs incurred which provide enhancement to future periods, such as long term scheduled

maintenance and major overhauls of aircraft, are capitalised and amortised over the length of the period

benefiting from these enhancements. All other costs relating to maintenance are charged to the profit and loss

account as incurred.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

fair value is recognised in undistributable reserves.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

Helicopter

Totals

£

£

£

COST

At 1 April 2018

and 31 March 2019

4,000

467,290

471,290

DEPRECIATION

At 1 April 2018

1,200

52,959

54,159

Charge for year

800

37,383

38,183

At 31 March 2019

2,000

90,342

92,342

NET BOOK VALUE

At 31 March 2019

2,000

376,948

378,948

At 31 March 2018

2,800

414,331

417,131

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Helicopter

£

COST

At 1 April 2018

and 31 March 2019

360,000

DEPRECIATION

At 1 April 2018

40,800

Charge for year

28,800

At 31 March 2019

69,600

NET BOOK VALUE

At 31 March 2019

290,400

At 31 March 2018

319,200

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2018

2,555,688

Additions

58,282

Revaluations

197,287

At 31 March 2019

2,811,257

NET BOOK VALUE

At 31 March 2019

2,811,257

At 31 March 2018

2,555,688

Included in fair value of investment property is freehold land of £ 2,811,257 (2018 - £ 2,555,688 ) which is not

depreciated.

Fair value at 31 March 2019 is represented by:

£

Valuation in 2013

508,630

Valuation in 2014

98,486

Valuation in 2016

183,930

Valuation in 2019

197,287

Cost

1,822,924

2,811,257

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

31.3.19

31.3.18

£

£

Cost

1,822,924

1,764,642

Investment property was valued on a fair value basis on 29 March 2019 by Stimpsons Chartered Surveyors .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Other debtors

228,105

268,105

Prepayments

44,206

22,324

272,311

290,429

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Bank loans and overdrafts

132,000

126,000

Hire purchase contracts

45,000

45,000

Trade creditors

19,395

21,096

Social security and other taxes

26,269

27,639

VAT

10,451

15,755

Other creditors

317,465

237,465

Directors loan account

297

297

Sundry creditors and accruals

2,024

1,500

552,901

474,752

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.19

31.3.18

£

£

Bank loan

1,183,199

1,321,374

Hire purchase contracts

205,767

251,639

1,388,966

1,573,013

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loan

1,183,199

1,321,374

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.19

31.3.18

£

£

Bank loans

1,315,199

1,447,374

Hire purchase contracts

250,767

296,639

1,565,966

1,744,013

Bank loans are secured on the freehold property to which they relate.

Hire purchase agreements are secured on the assets that they relate to.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.19

31.3.18

value:

£

£

100

Ordinary

£1

100

100