Abbreviated Company Accounts - BARONGUILD LIMITED

BARONGUILD LIMITED - Company Information

02229160 BARONGUILD LIMITED 2014-07-31 false 2013-08-01 2014-07-31 true 02229160 2013-08-01 2014-07-31 02229160 2014-07-31 02229160 2013-07-31 02229160 uk-gaap-cd-bus:Director1 2013-08-01 2014-07-31 02229160 uk-gaap-cd-bus:Director2 2013-08-01 2014-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-08-01 2014-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-07-31 iso4217:GBP shares

Registered Number 02229160

BARONGUILD LIMITED

Abbreviated Accounts

31 July 2014

BARONGUILD LIMITED Registered Number 02229160

Abbreviated Balance Sheet as at 31 July 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	5,889,213	5,889,213
Investments	3	993,213	993,213
		6,882,426	6,882,426
Current assets
Debtors		289,045	206,045
Cash at bank and in hand		138,451	129,842
		427,496	335,887
Creditors: amounts falling due within one year		(3,630,173)	(3,444,203)
Net current assets (liabilities)		(3,202,677)	(3,108,316)
Total assets less current liabilities		3,679,749	3,774,110
Creditors: amounts falling due after more than one year		(2,843,444)	(3,093,201)
Total net assets (liabilities)		836,305	680,909
Capital and reserves
Called up share capital	4	2	2
Profit and loss account		836,303	680,907
Shareholders' funds		836,305	680,909

For the year ending 31 July 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 7 July 2015

And signed on their behalf by:
Judah Feldman, Director

BARONGUILD LIMITED Registered Number 02229160

Notes to the Abbreviated Accounts for the period ended 31 July 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
The turnover of the company consists solely of rental income.

Other accounting policies
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.

2Tangible fixed assets

	£
Cost
At 1 August 2013	5,889,213
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2014	5,889,213
Depreciation
At 1 August 2013	-
Charge for the year	-
On disposals	-
At 31 July 2014	-
Net book values
At 31 July 2014	5,889,213
At 31 July 2013	5,889,213

All fixed assets are initially recorded at cost.

The directors also consider that the cost of the freehold property is a fair reflection of its current valuation.

3Fixed assets Investments
Fixed assets Investments

The figure for investments represents the cost of overseas investments. The directors consider that the value of the investments at 31st July 2014 is represented by the original cost as reflected in the accounts.

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
2 Ordinary shares of £1 each	2	2