Bright View Property Estates Limited - Period Ending 2021-03-31

Bright View Property Estates Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 4

Bright View Property Estates Limited

Company Information

Director

J.M. Schwarzmann

Registered office

6 Powell Close Edgware London HA8 7QU

Accountants

Norrie Gibson & Co.Limited Chartered Accountants Grosvenor House 100-102 Beverley Road Hull East Yorkshire HU3 1YA

Bright View Property Estates Limited

(Registration number: 10496371)
Balance Sheet as at 31 March 2021

	Note	2021 £	2020 £
Fixed assets
Investment property	4	-	677,750
Current assets
Debtors	5	677,750	-
Cash at bank and in hand		100	100
		677,850	100
Creditors: Amounts falling due within one year	6	(28,842)	(28,660)
Net current assets/(liabilities)		649,008	(28,560)
Net assets		649,008	649,190
Capital and reserves
Called up share capital		100	100
Profit and loss account		648,908	649,090
Shareholders' funds		649,008	649,190

For the financial year ending 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 20 December 2021
 

......................................... J.M. Schwarzmann Director

Bright View Property Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2021

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
6 Powell Close
Edgware
London
HA8 7QU

These financial statements were authorised for issue by the director on 20 December 2021.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2020 - 2).

Bright View Property Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2021

4	Investment properties

	2021 £
At 1 April	677,750
Disposals	(677,750)
At 31 March	-

5

Debtors

	Note	2021 £	2020 £
Amounts owed by group undertakings and undertakings in which the company has a participating interest		677,750	-
		677,750	-

6

Creditors

Creditors: amounts falling due within one year

	2021 £	2020 £
Due within one year
Accruals and deferred income	3,920	3,920
Other creditors	24,922	24,740
	28,842	28,660

7	Parent and ultimate parent undertaking

The ultimate controlling party is Mr.D.Y.Schwarzmann.