BESSON_LINE_LIMITED - Accounts

BESSON LINE LIMITED - Company Information

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Company Registration No. 03500485 (England and Wales)

BESSON LINE LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2014

BESSON LINE LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 5

BESSON LINE LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

1,467

Investments

736,080

290,633

737,547

290,633

Current assets

Debtors

172,275

14,112

Investments

21,391

Cash at bank and in hand

44,999

60,212

217,274

95,715

Creditors: amounts falling due within one year

(688,597)

(130,506)

Net current liabilities

(471,323)

(34,791)

Total assets less current liabilities

266,224

255,842

Creditors: amounts falling due after more than one year

(333,212)

(338,165)

(66,988)

(82,323)

Capital and reserves

Called up share capital

100

Profit and loss account

(67,088)

(82,423)

Shareholders' funds

(66,988)

(82,323)

BESSON LINE LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT 30 JUNE 2014

- 2 -

For the financial year ended 30 June 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 19 March 2015

D F Pinto

Director

Company Registration No. 03500485

BESSON LINE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2014

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

3 years straight line

1.5

Investments

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

Current asset investments are stated at the lower of cost and net realisable value.

1.6

Going concern

The financial statements are prepared on the going concern basis dependent on the continued support of the director and shareholder.

BESSON LINE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2014

- 4 -

Fixed assets

Tangible assets

Investments

Total

Cost

At 1 July 2013

290,633

Additions

1,509

445,447

446,956

At 30 June 2014

1,509

736,080

737,589

Depreciation

At 1 July 2013

Charge for the year

At 30 June 2014

Net book value

At 30 June 2014

1,467

736,080

737,547

At 30 June 2013

290,633

This investment represents a 50% share in two properties in which Camberley Estates Limited has an equitable interest.

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £6,666 (2013 - £6,666).

The bank mortgage loan is secured on the property in which Camberley Estates Limited has an equitable interest (see note 2).

During the year D F Pinto provided further loan facilities to the company by way of fixed charges over the properties.

Creditors: amounts falling due after more than one year

The aggregate amount of creditors for which security has been given amounted to £83,212 (2013 - £88,165).

BESSON LINE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2014

- 5 -

Share capital

2014

2013

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100

The 250,000 Non-redeemable preference shares of £1 each are shown within creditors due after more than one year.

Control

The overall controlling party is D F Pinto, director and shareholder.