Bruges Place Investments Limited - Accounts to registrar (filleted) - small 18.2

BRUGES PLACE INVESTMENTS LIMITED

Unaudited Financial Statements

for the Year Ended 30 June 2019

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

E A Green

T J Rickeard

I S Langdon

G M Leigh

Registered office:

10 Flask Walk

London

NW3 1HE

Registered number:

08987444 (England and Wales)

Accountants:

Haines Watts

Chartered Accountants

New Derwent House

69-73 Theobalds Road

London

WC1X 8TA

Current assets

Properties for development

1,720,131

1,720,131

Debtors

4

701,069

97,622

Cash in hand

68,605

276,183

2,489,805

2,093,936

Creditors

Amounts falling due within one year

5

636,206

384,127

Net current assets

1,853,599

1,709,809

Total assets less current liabilities

1,853,599

1,709,809

Capital and reserves

Called up share capital

6

100

100

Retained earnings

7

1,853,499

1,709,709

Shareholders' funds

1,853,599

1,709,809

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 11 May 2020 and were signed on its behalf by:

E A Green - Director

1.	Statutory information

Bruges Place Investments Limited is a limited company incorporated in England and Wales. The registered

number is 08987444 and the registered office address is 10 Flask Walk, London, NW3 1HE.

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The

Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party

transactions with wholly owned subsidiaries within the group.

Turnover

Turnover comprises revenue recognised by the company in respect of the sale of properties within the period.

Sales of properties are recognised on practical completion of the transaction, when legal ownership of the

property is transfered to the buyer.

3.	Employees and directors

The average number of employees during the year was NIL (2018 - NIL).

4.

Debtors: amounts falling due within one year

2019

2018

£

£

Other debtors

701,069

97,622

5.

Creditors: amounts falling due within one year

2019

2018

£

£

Trade creditors

-

3,000

Taxation and social security

24,641

3,014

Other creditors

611,565

378,113

636,206

384,127

6.	Called up share capital

Allotted and issued:

Number:

Class:

Nominal

2019

2018

value:

£

£

1,000

Ordinary

£0.10

100

100

7.

Reserves

Retained

earnings

£

At 1 July 2018

1,709,709

Profit for the year

143,790

At 30 June 2019

1,853,499

8.	Related party disclosures

Included within creditors is £581,292 (2018: £350,212) owed to related companies under common control.