Building Blocks Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 02448001 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 September 2014

for

Building Blocks Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

7

DIRECTOR:

G F A Hooper

SECRETARY:

Mrs P A Hooper

REGISTERED OFFICE:

39 High Street

Wednesfield

Wolverhampton

West Midlands

WV11 1ST

REGISTERED NUMBER:

02448001 (England and Wales)

ACCOUNTANTS:

Crowther Jordan Limited

Chartered Accountants

39 High Street

Wednesfield

Wolverhampton

West Midlands

WV11 1ST

FIXED ASSETS

Tangible assets

2

4,063

8,512

Investments

3

370,779

360,779

Investment property

4

1,029,000

1,150,000

1,403,842

1,519,291

CURRENT ASSETS

Debtors

4,771

10,217

Cash at bank

30,747

115,730

35,518

125,947

CREDITORS

Amounts falling due within one year

(35,084

)

(11,422

)

NET CURRENT ASSETS

434

114,525

TOTAL ASSETS LESS CURRENT LIABILITIES

1,404,276

1,633,816

CREDITORS

Amounts falling due after more than one year

(673,385

)

(750,000

)

NET ASSETS

730,891

883,816

CAPITAL AND RESERVES

Called up share capital

5

130,000

130,000

Revaluation reserve

125,000

125,000

Profit and loss account

475,891

628,816

SHAREHOLDERS' FUNDS

730,891

883,816

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 30 June 2015 and were signed by:

G F A Hooper - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the

revaluation of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities

(effective April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on cost

Computer equipment

-

25% on cost

Investment property

Deferred tax

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

balance sheet date.

Investment property

In accordance with SSAP 19 "Accounting for Investment Properties", investment properties are revalued

annually to open market value and no depreciation is provided. The director considers that this accounting

policy results in the financial statements giving a true and fair view. The effect of this departure from the

Companies Act 2006 has not been quantified because it is impractical and, in the opinion of the director, would

be misleading.

The aggregate surplus or deficit arising on revaluation is transferred to the revaluation reserve except where a

deficit is deemed to represent a permanent diminution in value, in which case it is charge to the profit and loss

account.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2013

and 30 September 2014

24,562

DEPRECIATION

At 1 October 2013

16,050

Charge for year

4,449

At 30 September 2014

20,499

NET BOOK VALUE

At 30 September 2014

4,063

At 30 September 2013

8,512

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 October 2013

360,779

Additions

10,000

At 30 September 2014

370,779

NET BOOK VALUE

At 30 September 2014

370,779

At 30 September 2013

360,779

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Associated company

Springbok BBQ Limited

Nature of business: Event catering

%

Class of shares:

holding

Ordinary

26.00

31.12.14

£

Aggregate capital and reserves

(3,681

)

Loss for the period/year

(3,682

)

4.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 October 2013

1,150,000

Impairments

(121,000

)

At 30 September 2014

1,029,000

NET BOOK VALUE

At 30 September 2014

1,029,000

At 30 September 2013

1,150,000

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.14

30.9.13

value:

as restated

£

£

65,000

Ordinary

£1

65,000

65,000

65,000

Non-voting ordinary

£1

65,000

65,000

130,000

130,000

With the exception of voting rights, all shares are identical and rank pari passu in all other respects.

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to six) have

been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Building Blocks Limited for the year ended 30 September 2014 which comprise the Profit and

Loss Account, 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/membershandbook.

This report is made solely to the director of Building Blocks Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Building Blocks Limited and state those matters that we have agreed to state to the director of Building Blocks Limited in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Building Blocks 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 loss of Building Blocks Limited. You consider that Building Blocks 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 Building Blocks 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.

Crowther Jordan Limited

Chartered Accountants

39 High Street

Wednesfield

Wolverhampton

West Midlands

WV11 1ST

30 June 2015