Accounts filed on 31-03-2022

Accounts filed on 31-03-2022

BRISTOL ASSURED TENANCIES (NO.1) LIMITED - Company Information

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Registered number: 2723203
Bristol Assured Tenancies (No 1) Limited
ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2022
Bristol Assured Tenancies (No 1) Limited
ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2022
DIRECTORS
T P d'E Vallancey
SECRETARY
N Claydon
REGISTERED OFFICE
The Lodge
Park Road
Shepton Mallet
Somerset
BA4 5BS
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 2723203
Bristol Assured Tenancies (No 1) Limited
ACCOUNTS
FOR THEYEARENDED31 MARCH 2022
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
Bristol Assured Tenancies (No 1) Limited
BALANCE SHEET AT 31 March 2022
20222021
Notes££
FIXED ASSETS
Tangible assets21,803,9091,804,376
CURRENT ASSETS
Debtors32,833266
Cash at bank and in hand32,02621,571
34,85921,837
CREDITORS: Amounts falling due within one year433,92822,254
NET CURRENT ASSETS / (LIABILITIES)931(417)
TOTAL ASSETS LESS CURRENT LIABILITIES1,804,8401,803,959
CREDITORS: Amounts falling due after more than one year5195,000232,290
PROVISIONS FOR LIABILITIES AND CHARGES7205,847205,847
NET ASSETS1,403,9931,365,822
CAPITAL AND RESERVES
Called up share capital834,00034,000
Capital redemption reserve911,21411,214
Profit and loss account1,358,7791,320,608
SHAREHOLDERS' FUNDS1,403,9931,365,822
For the year ending 31 March 2022 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 21 November 2022 and signed on their behalf by
.............................
T P d'E Vallancey
Director
Bristol Assured Tenancies (No 1) Limited
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2022
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Fixtures and Fittingsreducing balance 10 - 25%
1c. Investment Properties
Investment properties are included at fair value. Gains are recognised in the profit and loss account. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Where fair value cannot be achieved without undue cost or effort, investment property is accounted for as tangible fixed assets.
1d. Taxation
Corporation tax payable is provided on taxable profits at the current rates.
Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.
Tax deferred or accelerated is accounted for in respect of all material timing differences.
Bristol Assured Tenancies (No 1) Limited
2. TANGIBLE FIXED ASSETS
Fixtures
and FittingsMotor CarsTotal
£££
Cost
At 1 April 202131,5234,50036,023
At 31 March 202231,5234,50036,023
Depreciation
At 1 April 202127,1474,50031,647
For the year467-467
At 31 March 202227,6144,50032,114
Net Book Amounts
At 31 March 20223,909-3,909
At 31 March 20214,376-4,376
3. DEBTORS 20222021
££
Amounts falling due within one year
Other debtors155
Prepayments2,818261
2,833266
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20222021
££
UK corporation tax11,99512,698
Directors current account19,3746,874
Accruals2,5592,682
33,92822,254
5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20222021
££
Bank loans (secured) >1yr195,000232,290
195,000232,290
The bank loan of £195,000 is secured by fixed charges over the investment property.
Bristol Assured Tenancies (No 1) Limited
6. EMPLOYEES
20222021
No.No.
Average number of employees--
7. PROVISIONS FOR LIABILITIES 20222021
££
Deferred taxation205,847205,847
205,847205,847
8. SHARE CAPITAL 20222021
££
Allotted, issued and fully paid:
16900 'A' Ordinary shares of £1 each1690016900
100 'B' Ordinary shares of £1 each100100
17000 Preferred Ordinary of £1 each1700017000
34,00034,000
9. OTHER RESERVES 20222021
££
Capital redemption reserve11,21411,214
11,21411,214
10. CONTROLLING PARTY
The company is controlled by Vision Perfect Limited, the ultimate parent company, by virtue of its holding of 100 'B' ordinary shares.
11. RELATED PARTY TRANSACTIONS
Other Creditors includes a loan owing to the director Mr T P d'E Vallancey of £19,374 (2021 - £6,874). The loan is unsecured, interest free and there are no fixed repayment terms.
During the year the company paid a dividend of £12,500 (2021: £12,500) to Mr T.P. d'E Vallancey a director.
Bristol Assured Tenancies (No 1) Limited
12. RETAINED EARNINGS BREAKDOWN
Included in retained earnings is £1,174,729 (2021 - £1,174,729) of profits which are not available for distribution as they are unrealised.