BARTER_HILL_PARTNERSHIP_L - Accounts

BARTER_HILL_PARTNERSHIP_L - Accounts

BARTER HILL PARTNERSHIP LIMITED - Company Information

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Company Registration No. 04722505 (England and Wales)
BARTER HILL PARTNERSHIP LIMITED
Abbreviated Accounts
For The Year Ended 31 July 2014
BARTER HILL PARTNERSHIP LIMITED
Company Information
Directors
B.H. Hill
K.W.J. Barter
Secretary
B.H. Hill
Company Number
04722505
Registered Office
Wynters Farm Barn,
Hastingwood Road,
Magdalen Laver,
Ongar,
Essex,
United Kingdom
CM5 0EW.
Accountants
Nicholas Hall
7b, Johnston Road,
Woodford Green,
Essex,
IG8 0XA.
Business Address
Wynters Farm Barn,
Hastingwood Road,
Magdalen Laver,
Ongar,
Essex,
United Kingdom
CM5 0EW.
BARTER HILL PARTNERSHIP LIMITED
Contents
Page
Accountants' Report
1
Abbreviated Balance Sheet
2 - 3
Notes To The Abbreviated Accounts
4 - 5
BARTER HILL PARTNERSHIP LIMITED
Accountants' Report To The Board Of Directors On The Preparation Of The Unaudited Statutory Financial Statements Of Barter Hill Partnership Limited For The Year Ended 31 July 2014
- 1 -
The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 5 have been prepared.
In order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of Barter Hill Partnership Limited for the year ended 31 July 2014, set out on pages 3 to 9 from the accounting records and information and explanations you have given to us.

This report is made solely to the Board of Directors of Barter Hill Partnership Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Barter Hill Partnership Limited and state those matters that we have agreed to state to the Board of Directors of Barter Hill Partnership Limited, as a body, in this report in accordance with technical guidelines. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Barter Hill Partnership Limited and it's Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Barter Hill Partnership Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Barter Hill Partnership Limited. You consider that Barter Hill Partnership 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 Barter Hill Partnership 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 statutory financial statements.
Nicholas Hall
________________________________
Nicholas Hall
7b, Johnston Road,
Woodford Green,
Essex,
IG8 0XA.
30 April 2015
BARTER HILL PARTNERSHIP LIMITED
Abbreviated Balance Sheet
As At 31 July 2014
- 2 -
2014
2013
Notes
£
£
£
£
Fixed Assets
Intangible Assets
2
-
65,000
Tangible Assets
2
45,619
30,798
45,619
95,798
Current Assets
Debtors
938,331
684,609
Cash At Bank And In Hand
1,487
1,574
939,818
686,183
Creditors: Amounts Falling Due Within One Year
(473,986)
(256,928)
Net Current Assets
465,832
429,255
Total Assets Less Current Liabilities
511,451
525,053
Creditors: Amounts Falling Due After More Than One Year
(42,434)
(48,569)
469,017
476,484
Capital And Reserves
Called Up Share Capital
3
40,000
230,000
Profit And Loss Account
429,017
246,484
Shareholders' Funds
469,017
476,484
BARTER HILL PARTNERSHIP LIMITED
Abbreviated Balance Sheet (Continued)
As At 31 July 2014
- 3 -
For the financial year ended 31 July 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their 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 30 April 2015
B.H. Hill
K.W.J. Barter
_______________________________
_______________________________
B.H. Hill
K.W.J. Barter
Director
Director
Company Registration No. 04722505
BARTER HILL PARTNERSHIP LIMITED
Notes To The Abbreviated Accounts
For The Year Ended 31 July 2014
- 4 -
1
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
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
Goodwill
Goodwill is written off in equal annual instalments over its estimated useful economic life.
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:
Computer Equipment
- 25% Reducing Balance Method
Fixtures, Fittings & Equipment
- 15% Reducing Balance Method
2
Fixed Assets
Intangible Assets
Tangible Assets
Total
£
£
£
Cost
At 1 August 2013
650,000
114,343
764,343
Additions
-
26,356
26,356
At 31 July 2014
650,000
140,699
790,699
Depreciation
At 1 August 2013
585,000
83,545
668,545
Charge For The Year
65,000
11,535
76,535
At 31 July 2014
650,000
95,080
745,080
Net Book Value
At 31 July 2014
-
45,619
45,619
At 31 July 2013
65,000
30,798
95,798
BARTER HILL PARTNERSHIP LIMITED
Notes To The Abbreviated Accounts (Continued)
For The Year Ended 31 July 2014
- 5 -
3
Share Capital
2014
2013
£
£
Allotted, Called Up And Fully Paid
40,000 Ordinary Shares of £1 each
40,000
40,000
0 5% Preference Shares of £1 each
-
190,000
40,000
230,000

During the year 190,000 5% Preference Shares of £1 each were redeemed at par.

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