Abbreviated Company Accounts - BRADSHAW FARNHAM LEA LIMITED

BRADSHAW FARNHAM LEA LIMITED - Company Information

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Registered Number 04786094

BRADSHAW FARNHAM LEA LIMITED

Abbreviated Accounts

31 December 2014

BRADSHAW FARNHAM LEA LIMITED Registered Number 04786094

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	95,810	113,276
Tangible assets	3	287,401	284,281
Investments	4	351	351
		383,562	397,908
Current assets
Debtors		529,448	578,355
Investments		-	80,210
Cash at bank and in hand		66,828	55,253
		596,276	713,818
Creditors: amounts falling due within one year	5	(779,836)	(1,068,539)
Net current assets (liabilities)		(183,560)	(354,721)
Total assets less current liabilities		200,002	43,187
Creditors: amounts falling due after more than one year	5	(171,264)	(190,744)
Provisions for liabilities		(11,844)	-
Total net assets (liabilities)		16,894	(147,557)
Capital and reserves
Called up share capital	6	1,000	1,000
Profit and loss account		15,894	(148,557)
Shareholders' funds		16,894	(147,557)

For the year ending 31 December 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 24 September 2015

And signed on their behalf by:
Mr P M Lea, Director
Mr R A Farnham, Director

BRADSHAW FARNHAM LEA LIMITED Registered Number 04786094

Notes to the Abbreviated Accounts for the period ended 31 December 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.

Comparative figures
The comparative figures have been restated.

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:-
Fixtures and fittings 15% on reducing balance
Motor vehicles 20% on reducing balance

Intangible assets amortisation policy
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

Valuation information and policy
Fixed asset investments are stated at cost less provision for diminution in value
Current asset investments are stated at the lower of cost and net realisable value

Other accounting policies
Leasing
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Group accounts
The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the companies Act 2006 not to prepare group accounts.

2Intangible fixed assets

	£
Cost
At 1 January 2014	208,666
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	208,666
Amortisation
At 1 January 2014	95,390
Charge for the year	17,466
On disposals	-
At 31 December 2014	112,856
Net book values
At 31 December 2014	95,810
At 31 December 2013	113,276

3Tangible fixed assets

	£
Cost
At 1 January 2014	433,171
Additions	16,819
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	449,990
Depreciation
At 1 January 2014	148,890
Charge for the year	13,699
On disposals	-
At 31 December 2014	162,589
Net book values
At 31 December 2014	287,401
At 31 December 2013	284,281

4Fixed assets Investments
Cost at 1 January 2014 and 31 December 2014 £351.
Holdings of more than 20%
The company holds more than 20% of the share capital in the following companies:-

Subsidiary undertakings, details, as follows: Name, country of incorporation, class of share, holding, principal activity, capital and reserves and Profit/(loss) for the year.

BFL Auctions Limited, England & Wales, Ordinary shares, 100%, Property auctioneers, Capital and reserves £104,530, Profit £47,993
BFL Estate Agents Limited, England & Wales, Ordinary shares, 100%, Estate agency, Capital and reserves (£746,612), Profit £17,142
BFL Property Management Limited, England & Wales, Ordinary shares, 100%, Property management, Capital and reserves £553,086, Profit £173,380
BFL Mortgage Services Limited, England & Wales, Ordinary shares, 51%, Mortgage advisory, Capital and reserves £10,529, Profit £75,571.

5Creditors

	2014 £	2013 £
Secured Debts	227,565	241,276
Instalment debts due after 5 years	93,344	112,824

6Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
1,000 Ordinary shares of £1 each	1,000	1,000