Bellbond Wells Limited Small abbreviated accounts
Bellbond Wells Limited Small abbreviated accounts
COMPANY REGISTRATION NUMBER
01303373
FOR
ABBREVIATED BALANCE SHEET
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2015 |
2014 |
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Note |
£ |
£ |
£ |
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FIXED ASSETS |
2 |
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Tangible assets |
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------------- |
------------- |
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CURRENT ASSETS
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Debtors |
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Cash at bank and in hand |
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--------- |
--------- |
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95,488 |
92,535 |
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CREDITORS: Amounts falling due within one year |
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--------- |
--------- |
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NET CURRENT ASSETS |
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------------- |
------------- |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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CREDITORS: Amounts falling due after more than one year |
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------------- |
------------- |
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CAPITAL AND RESERVES
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Called up equity share capital |
4 |
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Revaluation reserve |
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Profit and loss account |
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------------- |
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SHAREHOLDERS' FUNDS |
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------------- |
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Directors' 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
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These abbreviated accounts were approved by the directors and authorised for issue on
28 September 2015
, and are signed on their behalf by:
Company Registration Number:
01303373
NOTES TO THE ABBREVIATED ACCOUNTS
YEAR ENDED 31 MARCH 2015
1.
ACCOUNTING POLICIES
Basis of accounting
Turnover
Fixed assets
Investment properties
Investment properties are shown at their open market value. The surplus or deficit arising from the annual revaluation is transferred to the investment revaluation reserve unless a deficit, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year.
No depreciation is provided on freehold investment properties. This is in accordance with the Financial Reporting Standard for Smaller Entities which, unlike Companies Act 2006, does not require depreciation of investment properties. Investment properties are held for their investment potential and not for use in the company. The departure from the provisions of the Act is required in order to give a true and fair view.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
2.
FIXED ASSETS
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Tangible Assets |
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|
£ |
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COST OR VALUATION
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At 1 April 2014 and 31 March 2015 |
1,000,000 |
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DEPRECIATION |
– |
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NET BOOK VALUE
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At 31 March 2015 |
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At 31 March 2014 |
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3.
TRANSACTIONS WITH THE DIRECTORS
4.
SHARE CAPITAL
Allotted, called up and fully paid:
|
2015 |
2014 |
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No |
£ |
No |
£ |
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------- |
------- |
------- |
------- |
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------- |
------- |
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CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF
BELLBOND WELLS LIMITED
YEAR ENDED 31 MARCH 2015
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Bellbond Wells Limited for the year ended 31 March 2015 which comprise the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
Our work has been undertaken in accordance with the requirements of Association of Chartered Certified Accountants as detailed at www2.accaglobal.com/pubs/members/publications/technical_factsheets/downloads/163.doc.