Birstall Garden Buildings Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05569684 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2019

FOR

BIRSTALL GARDEN BUILDINGS

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

B D Lee

SECRETARY:

D A Lee

REGISTERED OFFICE:

27-35 Sibson Road

Birstall

Leicestershire

LE4 4DX

REGISTERED NUMBER:

05569684 (England and Wales)

ACCOUNTANTS:

Prime

Chartered Accountants

5 Argosy Court

Scimitar Way

Whitley Business Park

Coventry

CV3 4GA

FIXED ASSETS

Investments

4

750

750

Investment property

5

1,200,000

1,200,000

1,200,750

1,200,750

CURRENT ASSETS

Debtors

6

9,010

9,962

Cash at bank

39,415

34,529

48,425

44,491

CREDITORS

Amounts falling due within one year

7

8,498

8,510

NET CURRENT ASSETS

39,927

35,981

TOTAL ASSETS LESS CURRENT LIABILITIES

1,240,677

1,236,731

PROVISIONS FOR LIABILITIES

172,876

174,065

NET ASSETS

1,067,801

1,062,666

CAPITAL AND RESERVES

Called up share capital

750

750

Revaluation reserve

8

959,370

959,370

Retained earnings

107,681

102,546

SHAREHOLDERS' FUNDS

1,067,801

1,062,666

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 3 December 2020 and were signed by:

B D Lee - Director

1.	STATUTORY INFORMATION

Birstall Garden Buildings 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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

The turnover shown in the profit and loss account represents rents receivable.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is included at fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2019

and 31 December 2019

750

NET BOOK VALUE

At 31 December 2019

750

At 31 December 2018

750

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2019

and 31 December 2019

1,200,000

NET BOOK VALUE

At 31 December 2019

1,200,000

At 31 December 2018

1,200,000

Fair value at 31 December 2019 is represented by:

£

Valuation in 2012

1,200,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Amounts owed by group undertakings

9,010

9,962

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Taxation and social security

7,399

7,410

Other creditors

1,099

1,100

8,498

8,510

8.

RESERVES

Revaluation

reserve

£

At 1 January 2019

and 31 December 2019

959,370

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is B D Lee.