BWMD Property Limited

BWMD Property Limited

BWMD PROPERTY LIMITED - Company Information

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31 March 2019 false No description of principal activity Taxfiler 2020.16 05441612business:PrivateLimitedCompanyLtd2019-03-312020-03-30 054416122019-03-30 054416122019-03-312020-03-30 05441612business:AuditExemptWithAccountantsReport2019-03-312020-03-30 05441612business:FullAccounts2019-03-312020-03-30 054416122020-03-30 05441612business:Director12019-03-312020-03-30 05441612business:Director22019-03-312020-03-30 05441612business:Director32019-03-312020-03-30 05441612business:Director42019-03-312020-03-30 05441612business:RegisteredOffice2019-03-312020-03-30 054416122019-03-30 05441612core:WithinOneYear2020-03-30 05441612core:WithinOneYear2019-03-30 05441612core:AfterOneYear2020-03-30 05441612core:AfterOneYear2019-03-30 05441612core:ShareCapital2020-03-30 05441612core:ShareCapital2019-03-30 05441612core:RevaluationReserve2020-03-30 05441612core:RevaluationReserve2019-03-30 05441612core:CapitalContributionReserve2020-03-30 05441612core:CapitalContributionReserve2019-03-30 05441612core:RetainedEarningsAccumulatedLosses2020-03-30 05441612core:RetainedEarningsAccumulatedLosses2019-03-30 05441612business:SmallEntities2019-03-312020-03-30 05441612countries:EnglandWales2019-03-312020-03-30 05441612core:PlantMachinery2019-03-30 05441612core:PlantMachinery2020-03-30 05441612core:PlantMachinery2019-03-312020-03-30 054416122018-03-312019-03-30 iso4217:GBP xbrli:pure
Company Registration No. 05441612 (England and Wales)
BWMD Property Limited Unaudited accounts for the year ended 30 March 2020
BWMD Property Limited Unaudited accounts Contents
Page
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BWMD Property Limited Company Information for the year ended 30 March 2020
Directors
Mr T A Dobson Mrs M E Dobson Ms A E Miller Mr A Miller
Company Number
05441612 (England and Wales)
Registered Office
68 SOUTH ROAD MORECAMBE LANCS LA4 6JP
Accountants
SARA DOBSON 23 DALLAM AVENUE MORECAMBE LANCASHIRE LA4 5BB
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BWMD Property Limited Statement of financial position as at 30 March 2020
2020 
2019 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
192 
250 
Investment property
5
1,025,000 
1,042,629 
1,025,192 
1,042,879 
Current assets
Cash at bank and in hand
13,403 
13,964 
Creditors: amounts falling due within one year
6
(82,291)
(55,660)
Net current liabilities
(68,888)
(41,696)
Total assets less current liabilities
956,304 
1,001,183 
Creditors: amounts falling due after more than one year
7
(245,661)
(223,826)
Net assets
710,643 
777,357 
Capital and reserves
Called up share capital
100 
100 
Revaluation reserve
464,027 
464,027 
Capital contribution reserve
- 
90,260 
Profit and loss account
246,516 
222,970 
Shareholders' funds
710,643 
777,357 
For the year ending 30 March 2020 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 5 March 2020 and were signed on its behalf by
Mr T A Dobson Director Company Registration No. 05441612
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BWMD Property Limited Notes to the Accounts for the year ended 30 March 2020
1
Statutory information
BWMD Property Limited is a private company, limited by shares, registered in England and Wales, registration number 05441612. The registered office is 68 SOUTH ROAD, MORECAMBE, LANCS, LA4 6JP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 31 March 2019
294 
At 30 March 2020
294 
Depreciation
At 31 March 2019
44 
Charge for the year
58 
At 30 March 2020
102 
Net book value
At 30 March 2020
192 
At 30 March 2019
250 
5
Investment property
2020 
£ 
Fair value at 31 March 2019
1,042,629 
Disposals
(17,629)
At 30 March 2020
1,025,000 
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BWMD Property Limited Notes to the Accounts for the year ended 30 March 2020
6
Creditors: amounts falling due within one year
2020 
2019 
£ 
£ 
Bank loans and overdrafts
33,768 
38,844 
Trade creditors
17,986 
12,242 
Taxes and social security
5,537 
4,574 
Loans from directors
25,000 
- 
82,291 
55,660 
7
Creditors: amounts falling due after more than one year
2020 
2019 
£ 
£ 
Bank loans
150,631 
223,826 
Loans from directors
95,030 
- 
245,661 
223,826 
8
Average number of employees
During the year the average number of employees was 0 (2019: 0).
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