Brookavon Properties Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 00731264 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

FOR

BROOKAVON PROPERTIES LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J R Balson

Mrs J M Hulse

SECRETARY:

Mrs J M Hulse

REGISTERED OFFICE:

6 Marchwood Road

Southampton

Hampshire

SO15 8AN

REGISTERED NUMBER:

00731264 (England and Wales)

ACCOUNTANTS:

Charlton Newell Limited

Chartered Accountants & Business Advisors

38 Middlehill Road

Colehill

Wimborne

Dorset

BH21 2SE

FIXED ASSETS

Tangible assets

2

2

2

Investment property

3

200,000

175,000

200,002

175,002

CURRENT ASSETS

Debtors

311

312

Cash at bank and in hand

26,224

13,733

26,535

14,045

CREDITORS

Amounts falling due within one year

11,430

9,368

NET CURRENT ASSETS

15,105

4,677

TOTAL ASSETS LESS CURRENT LIABILITIES

215,107

179,679

CAPITAL AND RESERVES

Called up share capital

4

100

100

Revaluation reserve

194,712

169,712

Profit and loss account

20,295

9,867

SHAREHOLDERS' FUNDS

215,107

179,679

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 20 June 2015 and were signed on its behalf by:

Mrs J M Hulse - 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 the value of rents receivable in the period.

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

-

33% on cost

Investment property

In accordance with Statement of Standard Accounting Practice No.19 the company's properties held

for long term investment are included in the Balance Sheet at their open market values. The surpluses

on revaluation of such properties are transferred to the revaluation reserve. Depreciation is not

provided in respect of freehold investment properties. Leasehold investment properties are not

amortised where the unexpired term is over twenty years.

This policy represents a departure from statutory accounting principles, which require depreciation to

be provided on all fixed assets. The directors consider that this policy is necessary in order that the

accounts may give a true and fair view because current values and changes in current value are of

prime importance rather than calculation of systematic annual depreciation. Depreciation is only one

of many factors reflected in the valuation and the amount which may have been shown cannot be

separately identified or quantified.

Deferred tax

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

the balance sheet date where transactions or events have occurred at that date that will result in an

obligation to pay more tax, when in the opinion of the directors it is material and with the following

exceptions:

Deferred tax assets are recognised only to the extent that the directors consider that it is more likely

than not that there will be suitable taxable profits from which the future reversal of the underlying

timing differences can be deducted and any deferred tax liability in respect of the company's

investment property is recognised only when it is likely that the property will be sold in the near

future. Otherwise any liability is disclosed by way of a note.

Deferred tax is measured on an un-discounted basis at the tax rates that are expected to apply in the

periods in which timing differences reverse, based on tax rates and laws enacted or substantially

enacted at the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

1,718

DEPRECIATION

At 1 April 2014

and 31 March 2015

1,716

NET BOOK VALUE

At 31 March 2015

2

At 31 March 2014

2

3.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 April 2014

175,000

Revaluations

25,000

At 31 March 2015

200,000

NET BOOK VALUE

At 31 March 2015

200,000

At 31 March 2014

175,000

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1

100

100