Blue Water Properties Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08420782 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 28 February 2015

for

Blue Water Properties Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

L T Joyce

R A Atherton

REGISTERED OFFICE:

21 Church Road

Parkstone

Poole

Dorset

BH14 8UF

REGISTERED NUMBER:

08420782 (England and Wales)

ACCOUNTANT:

Richard Allen & Associates

21 Church Road

Parkstone

Poole

Dorset

BH14 8UF

FIXED ASSETS

Tangible assets

2

130,000

130,000

CURRENT ASSETS

Debtors

1,061

632

Cash at bank

8,885

10,754

9,946

11,386

CREDITORS

Amounts falling due within one year

49,199

48,737

NET CURRENT LIABILITIES

(39,253

)

(37,351

)

TOTAL ASSETS LESS CURRENT LIABILITIES

90,747

92,649

CREDITORS

Amounts falling due after more than one year

3

81,124

81,124

NET ASSETS

9,623

11,525

CAPITAL AND RESERVES

Called up share capital

4

2

2

Revaluation reserve

22,827

22,827

Profit and loss account

(13,206

)

(11,304

)

SHAREHOLDERS' FUNDS

9,623

11,525

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2015 in accordance with Section 476 of the Companies Act 2006.

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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 14 October 2015 and were signed on its behalf by:

R A Atherton - Director

L T Joyce - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation

of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April

2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

Not provided

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 March 2014

and 28 February 2015

130,000

NET BOOK VALUE

At 28 February 2015

130,000

At 28 February 2014

130,000

3.

CREDITORS

Creditors include the following debts falling due in more than five years:

2015

2014

£

£

Repayable otherwise than by instalments

81,124

81,124

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

2

ordinary

£1

2

2