Abbreviated Company Accounts - BROADOAK PARK PROPERTIES LIMITED

BROADOAK PARK PROPERTIES LIMITED - Company Information

Registered Number 02240941

BROADOAK PARK PROPERTIES LIMITED

Abbreviated Accounts

31 October 2014

BROADOAK PARK PROPERTIES LIMITED Registered Number 02240941

Abbreviated Balance Sheet as at 31 October 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	2,250,177	2,295,193
		2,250,177	2,295,193
Current assets
Stocks		185,123	185,123
Debtors		2,128	2,010
Cash at bank and in hand		33,874	2,937
		221,125	190,070
Creditors: amounts falling due within one year		(12,004)	(22,274)
Net current assets (liabilities)		209,121	167,796
Total assets less current liabilities		2,459,298	2,462,989
Creditors: amounts falling due after more than one year		(2,068,398)	(2,134,449)
Total net assets (liabilities)		390,900	328,540
Capital and reserves
Called up share capital		1,000	1,000
Share premium account		17,836	17,836
Revaluation reserve		338,960	338,960
Profit and loss account		33,104	(29,256)
Shareholders' funds		390,900	328,540

For the year ending 31 October 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 27 April 2015

And signed on their behalf by:
Mr A W Bentley, Director

BROADOAK PARK PROPERTIES LIMITED Registered Number 02240941

Notes to the Abbreviated Accounts for the period ended 31 October 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

2Tangible fixed assets

	£
Cost
At 1 November 2013	2,520,379
Additions	721
Disposals	(45,292)
Revaluations	-
Transfers	-
At 31 October 2014	2,475,808
Depreciation
At 1 November 2013	225,186
Charge for the year	9,505
On disposals	(9,060)
At 31 October 2014	225,631
Net book values
At 31 October 2014	2,250,177
At 31 October 2013	2,295,193

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land are stated at cost or valuation less depreciation.
Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Freehold Nil
Land and buildings Leasehold Nil
Plant & machinery 20% straight line
Computer equipment 33% straight line