Braybourne Limited - Filleted accounts

Braybourne Limited - Filleted accounts

BRAYBOURNE LIMITED - Company Information

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Registered number
01510394
Braybourne Limited
Filleted Accounts
31 December 2019
Braybourne Limited
Registered number: 01510394
Balance Sheet
as at 31 December 2019
Notes 2019 2018
£ £
Current assets
Debtors 2 445 350
Cash at bank and in hand 1,371 720
1,816 1,070
Creditors: amounts falling due within one year 3 (695) (231)
Net current assets 1,121 839
Net assets 1,121 839
Capital and reserves
Called up share capital 4 4
Profit and loss account 1,117 835
Shareholders' funds 1,121 839
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
H Glassey
Director
Approved by the board on 20/02/2020
Braybourne Limited
Notes to the Accounts
for the year ended 31 December 2019
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover comprises contributions receivable in the period towards the cost of the maintenance and management of the Estate of the Company.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Debtors 2019 2018
£ £
Trade debtors 72 -
Other debtors 373 350
445 350
3 Creditors: amounts falling due within one year 2019 2018
£ £
Trade creditors 503 39
Other creditors 192 192
695 231
4 Related party transactions
Due to the nature of the company's operations, income is derived from service charges payable by lessees who are also shareholders. No individual amount is considered material in its own right and accordingly these are not disclosed.
5 Controlling party
There is no overall controlling party as each lessee owns one ordinary share in the company.
6 Other information
Braybourne Limited is a private company limited by shares and incorporated in England. Its registered office is:
15 Roedean Heights
Roedean Road
Tunbridge Wells
Kent
TN2 5JY
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