Bracken Property Developments Limited - Limited company - abbreviated - 11.6
Bracken Property Developments Limited - Limited company - abbreviated - 11.6
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2014 |
| FOR |
| BRACKEN PROPERTY DEVELOPMENTS LIMITED |
| BRACKEN PROPERTY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 08319057) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 DECEMBER 2014 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| BRACKEN PROPERTY DEVELOPMENTS LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 DECEMBER 2014 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| BRACKEN PROPERTY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 08319057) |
| ABBREVIATED BALANCE SHEET |
| 31 DECEMBER 2014 |
| 2014 | 2013 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 2 |
| Profit and loss account | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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 financial statements were approved by the Board of Directors on by: |
| BRACKEN PROPERTY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 08319057) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 DECEMBER 2014 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| At 31 December 2014 the company has net current liabilities and net liabilities of £37,571. Included within other |
| creditors due within one year is an amount of £348,924 due to the director Mr P L Alcock and his wife. They will |
| not seek repayment of this amount to the detriment of other creditors. The directors have indicated their |
| willingness to support the company as necessary for the foreseeable future. The directors therefore consider it |
| appropriate to prepare the financial statements on a going concern basis. |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention and in accordance with the |
| Financial Reporting Standard for Smaller Entities (effective April 2008). |
| Stocks |
| Work in progress is valued at the lower of cost and net realisable value. |
| Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. |
| Deferred tax |
| The charge for taxation is based on the results for the year and takes into account taxation deferred because of |
| timing differences between the treatment of certain items for taxation and accounting purposes. In accordance |
| with Financial Reporting Standard 19, provision is made for deferred tax in respect of all timing differences that |
| have been originated but not reversed by the balance sheet date. Deferred tax assets are recognised when it is |
| more likely than not that the asset will be recovered. Deferred tax is measured using rates that have been |
| enacted or substantially enacted by the balance sheet date. Deferred tax balances are not discounted. |
| 2. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2014 | 2013 |
| value: | £ | £ |
| Ordinary A | £1 |
| Ordinary B | £1 |
| Ordinary C | £1 |
| 100 |
| 3. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the year ended 31 December 2014 and the |
| period ended 31 December 2013: |
| 2014 | 2013 |
| £ | £ |
| Balance outstanding at start of year | ( |
) |
| Amounts advanced | ( |
) | ( |
) |
| Amounts repaid |
| Balance outstanding at end of year | ( |
) | ( |
) |
| Balance outstanding at start of year |
| Amounts advanced | ( |
) |
| Amounts repaid |
| Balance outstanding at end of year | ( |
) |
| The loan account of Mr P L Alcock is a joint account with his wife, Mrs C E Alcock. |
| During the year interest amounting to £18,904 (2013 - £11,790) was charged to the company for the loan by Mr |
| P L Alcock and Mrs C E Alcock, at a rate of interest of 6% per annum. |