Bethrick Limited Small abbreviated accounts

Bethrick Limited Small abbreviated accounts

BETHRICK LTD - Company Information

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COMPANY REGISTRATION NUMBER 08170706
BETHRICK LIMITED
UNAUDITED ABBREVIATED ACCOUNTS
31 August 2014
BETHRICK LIMITED
REPORT TO THE DIRECTORS ON THE PREPARATION OF THE
UNAUDITED STATUTORY ACCOUNTS OF BETHRICK LIMITED
YEAR ENDED 31 AUGUST 2014
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Bethrick Limited for the year ended 31 August 2014 which comprise the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.
This report is made solely to the Board of Directors of Bethrick Limited, as a body, in accordance with the terms of our engagement letter dated 13 January 2015. Our work has been undertaken solely to prepare for your approval the abbreviated accounts of Bethrick Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 02/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bethrick Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Bethrick Limited has kept adequate accounting records and to prepare statutory abbreviated accounts that give a true and fair view of the assets, liabilities, financial position and profit of Bethrick Limited. You consider that Bethrick 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 abbreviated accounts of Bethrick 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 abbreviated accounts.
COUNSELLS Chartered Accountants
Smithbrook Kilns Cranleigh Surrey United Kingdom GU6 8JJ
1 May 2015
BETHRICK LIMITED
ABBREVIATED BALANCE SHEET
31 August 2014
2014
2013
Note
£
£
£
FIXED ASSETS
2
Tangible assets
638,799
639,042
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638,799
639,042
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CURRENT ASSETS
Debtors
974
548
Cash at bank and in hand
21,710
7,250
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-------
22,684
7,798
CREDITORS: Amounts falling due within one year
6,030
3,229
---------
-------
NET CURRENT ASSETS
16,654
4,569
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----------
TOTAL ASSETS LESS CURRENT LIABILITIES
655,453
643,611
CREDITORS: Amounts falling due after more than one year
640,038
640,827
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----------
15,415
2,784
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----------
CAPITAL AND RESERVES
Called-up equity share capital
4
2
2
Profit and loss account
15,413
2,782
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-------
SHAREHOLDERS' FUNDS
15,415
2,784
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-------
For the year ended 31 August 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 accounts for the year in question in accordance with section 476; and
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These abbreviated accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.
These abbreviated accounts were approved by the directors and authorised for issue on 1 May 2015 , and are signed on their behalf by:
M Annable Director
Company Registration Number: 08170706
BETHRICK LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
YEAR ENDED 31 AUGUST 2014
1. ACCOUNTING POLICIES
Basis of accounting
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
Turnover represents the net value of rents charged to tenants.
Fixed assets
All fixed assets are initially recorded at cost.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Fixtures & Fittings - 20% straight line
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
2. FIXED ASSETS
Tangible Assets
£
COST
At 1 September 2013 and 31 August 2014
639,285
----------
DEPRECIATION
At 1 September 2013
243
Charge for year
243
----------
At 31 August 2014
486
----------
NET BOOK VALUE
At 31 August 2014
638,799
----------
At 31 August 2013
639,042
----------
3. RELATED PARTY TRANSACTIONS
The company was under the control of the directors throughout the current year. The balance of £640,038 (2013: £640,827) sitting in other creditors due after more than one year relates to an amount owed to the directors of the company.
4. SHARE CAPITAL
Allotted, called up and fully paid:
2014
2013
No
£
No
£
Ordinary shares of £ 1 each
2
2
2
2
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2
2
2
2
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