Breecy Limited - Limited company - abbreviated - 11.9
Breecy Limited - Limited company - abbreviated - 11.9
REGISTERED NUMBER: |
ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2015 |
FOR |
BREECY LIMITED |
BREECY LIMITED (REGISTERED NUMBER: 02379902) |
CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 MARCH 2015 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 4 |
Chartered Certified Accountants' Report | 6 |
BREECY LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2015 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
BREECY LIMITED (REGISTERED NUMBER: 02379902) |
ABBREVIATED BALANCE SHEET |
31 MARCH 2015 |
31.3.15 | 31.3.14 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
Investment property | 3 |
CURRENT ASSETS |
Debtors | 4 |
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 |
5 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 6 |
Revaluation reserve |
Profit and loss account |
SHAREHOLDERS' FUNDS |
The director acknowledges his 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. |
BREECY LIMITED (REGISTERED NUMBER: 02379902) |
ABBREVIATED BALANCE SHEET - continued |
31 MARCH 2015 |
The financial statements were approved by the director on |
BREECY LIMITED (REGISTERED NUMBER: 02379902) |
NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 MARCH 2015 |
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). |
Fixed assets |
All fixed assets are initially recorded at cost. |
Depreciation |
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful |
economic life of that asset as follows: |
Plant & Machinery | - 15% Reducing Balance |
Fixtures & Fittings | - 15% Reducing Balance |
Financial instruments |
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, |
as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that |
evidences a residual interest in the assets of the company after deducting all of its liabilities. |
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in |
market value is transferred to a revaluation reserve. |
Investment properties are revalued annually by the director or third party in accordance with Financial Reporting |
Standards for Smaller Entities. The valuation is based upon open market value. |
Going concern |
The Director does not believe that there are any material uncertainties which would affect the ability of the |
company to continue as a going concern. The bank facility is subject to annual review however all covenants |
within the loan agreement have been met and the director does not foresee that the facility will not be renewed at |
any stage. |
2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 April 2014 |
Disposals | ( |
) |
At 31 March 2015 |
DEPRECIATION |
At 1 April 2014 |
Charge for year |
Eliminated on disposal | ( |
) |
At 31 March 2015 |
NET BOOK VALUE |
At 31 March 2015 |
At 31 March 2014 |
BREECY LIMITED (REGISTERED NUMBER: 02379902) |
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 MARCH 2015 |
3. | INVESTMENT PROPERTY |
Total |
£ |
COST OR VALUATION |
At 1 April 2014 |
and 31 March 2015 |
NET BOOK VALUE |
At 31 March 2015 |
At 31 March 2014 |
4. | DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
The aggregate total of debtors falling due after more than one year is £ |
5. | CREDITORS |
Creditors include an amount of £ |
6. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.3.15 | 31.3.14 |
value: | £ | £ |
Ordinary | £1 |
7. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the years ended 31 March 2015 and |
31 March 2014: |
31.3.15 | 31.3.14 |
£ | £ |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid | ( |
) | ( |
) |
Balance outstanding at end of year |
Mr M Fining has received advances from the company with a balance outstanding at 31 March 2015 of £47,880 |
(2014 £51,591). The total amount repaid during the year was £10,391. Interest of £1,507 was charged on the |
loan and added to the balance. £50,372 was the maximum outstanding balance throughout the year. Interest has |
been charged at 3.25% and there are no formal repayment terms. |
CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
BREECY LIMITED |
The following reproduces the text of the report prepared for the director in respect of the company's annual |
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five) |
have been prepared. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of Breecy Limited for the year ended 31 March 2015 which comprise the Profit and Loss Account, |
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 http://rulebook.accaglobal.com. |
This report is made solely to the director of Breecy Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Breecy Limited and state those matters that we have agreed to state to the director of Breecy Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report. |
It is your duty to ensure that Breecy Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Breecy Limited. You consider that Breecy Limited is exempt from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the financial statements of Breecy Limited. For this |
reason, we have not verified the accuracy or completeness of the accounting records or information and explanations |
you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
Chartered Certified Accountants |
11 November 2015 |