Accounts filed on 2015-10-31

Accounts filed on 2015-10-31

BRAEHEAD PROPERTY INVESTMENTS LIMITED - Company Information

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2014-02-022015-02-0103287210falsetruehttp://www.companieshouse.gov.uk/pt:PlantMachinery2014-02-01http://www.companieshouse.gov.uk/cd:Director12014-02-022015-02-01http://www.companieshouse.gov.uk/pt:PlantMachinery2015-02-01http://www.companieshouse.gov.uk/pt:LandBuildings2014-02-022015-02-01http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12014-02-022015-02-01http://www.companieshouse.gov.uk/pt:FixedAssetInvestmentsOtherThanLoans2014-02-022015-02-01http://www.companieshouse.gov.uk/pt:PlantMachinery2014-02-022015-02-01http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12015-02-01http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12014-02-01http://www.companieshouse.gov.uk/pt:FixedAssetInvestmentsOtherThanLoans2014-02-01http://www.companieshouse.gov.uk/pt:FixedAssetInvestmentsOtherThanLoans2015-02-01http://www.companieshouse.gov.uk/2013-02-022014-02-01http://www.companieshouse.gov.uk/2014-02-022015-02-01http://www.companieshouse.gov.uk/2014-02-01http://www.companieshouse.gov.uk/2015-02-01http://www.companieshouse.gov.uk/pt:LandBuildings2014-02-01http://www.companieshouse.gov.uk/cd:EntityAccountantsOrAuditors2014-02-022015-02-01http://www.companieshouse.gov.uk/pt:LandBuildings2015-02-01http://www.companieshouse.gov.uk/2014-02-01iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 03287210
BRAEHEAD PROPERTY INVESTMENTS LTD
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 01/02/2015
Prepared By:
Ian Dalzell
Chartered Accountants
Broughton Lodge Mews
Field Broughton
Grange-over-Sands
Cumbria
LA11 6HL

BRAEHEAD PROPERTY INVESTMENTS LTD
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 01/02/2015
INDEX TO THE ACCOUNTS
Abbreviated Balance Sheet2
Notes to the Abbreviated Accounts3
The company's registered number is 03287210

BRAEHEAD PROPERTY INVESTMENTS LTD
Registered Number: 03287210
BALANCE SHEET AT 01/02/2015
20152014
Notes££
FIXED ASSETS
Tangible assets291,63695,064
Investments326,46024,948
118,096120,012
CURRENT ASSETS
Cash at bank and in hand4,8175,064
4,8175,064
CREDITORS: Amounts falling due within one year31,88034,126
NET CURRENT LIABILITIES(27,063)(29,062)
TOTAL ASSETS LESS CURRENT LIABILITIES91,03390,950
CREDITORS: Amounts falling due after more than one year430,70538,698
PROVISIONS FOR LIABILITIES168336
NET ASSETS60,16051,916
CAPITAL AND RESERVES
Called up share capital533
Profit and loss account60,15751,913
SHAREHOLDERS' FUNDS60,16051,916
For the year ending 01/02/2015 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 28/10/2015 and signed on their behalf by
G D Fairclough
Director

BRAEHEAD PROPERTY INVESTMENTS LTD
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 01/02/2015
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Land And Buildingsstraight line 2%
Plant and Machineryreducing balance 25%
1c. Taxation
Corporation tax payable is provided on taxable profits at the current rates.
Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted.
1d. Investments
Fixed asset investments are shown at cost less amounts written off.
Provisions are made for permanent fluctuations in value.

BRAEHEAD PROPERTY INVESTMENTS LTD
2. TANGIBLE FIXED ASSETS
Land AndPlant and
BuildingsMachineryTotal
£££
Cost
At 02/02/2014129,3363,364132,700
At 01/02/2015129,3363,364132,700
Depreciation
At 02/02/201435,9541,68237,636
For the year2,5878413,428
At 01/02/201538,5412,52341,064
Net Book Amounts
At 01/02/201590,79584191,636
At 01/02/201493,3821,68295,064
3. INVESTMENT FIXED ASSETS
Other
InvestmentsTotal
££
Cost
At 02/02/201424,94824,948
Additions1,5121,512
At 01/02/201526,46026,460
Amortisation
Net Book Amounts
At 01/02/201526,46026,460
At 01/02/201424,94824,948
4. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20152014
££
Bank loans and overdrafts30,70538,698
30,70538,698
The bank loan is secured and is repayable by instalments as follows: £9,903 (2014 : £11,677) within one year; £30,705 (2014 : £38,698) after one year and within 5 years.

BRAEHEAD PROPERTY INVESTMENTS LTD
5. SHARE CAPITAL 20152014
££
Allotted, issued and fully paid:
3 Ordinary shares of £1 each33
33
6. RELATED PARTY TRANSACTIONS
Included in Creditors is a loan to a company which is also owned by the same shareholders and rents the Company's property (2015 : £15,177; 2014 : £15,897)
7. TRANSACTIONS WITH DIRECTORS
Included on Other Creditors are Director's Loans as follows;
2015 : £634; 2014 £634