Accounts filed on 31-03-2015

Accounts filed on 31-03-2015

BRISTOL ASSURED TENANCIES (NO.1) LIMITED - Company Information

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Registered number: 2723203
Bristol Assured Tenancies (No 1) Limited
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015

Bristol Assured Tenancies (No 1) Limited
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 March 2015
INDEX TO THE ACCOUNTS
Abbreviated Balance Sheet2
Notes to the Abbreviated Accounts3
The company's registered number is 2723203

Bristol Assured Tenancies (No 1) Limited
Registered Number: 2723203
BALANCE SHEET AT 31 MARCH 2015
20152014
Notes££
FIXED ASSETS
Tangible assets21,014,2371,014,860
CURRENT ASSETS
Debtors (amounts falling due within one year)32,272487
Cash at bank and in hand36,61022,857
38,88223,344
CREDITORS: Amounts falling due within one year4,6961,919
NET CURRENT ASSETS34,18621,425
TOTAL ASSETS LESS CURRENT LIABILITIES1,048,4231,036,285
CREDITORS: Amounts falling due after more than one year4482,290502,290
NET ASSETS566,133533,995
CAPITAL AND RESERVES
Called up share capital534,00034,000
Revaluation reserve,6585,576585,576
Capital redemption reserve11,21411,214
Profit and loss account(64,657)(96,795)
SHAREHOLDERS' FUNDS566,133533,995
For the year ending 31 March 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 9 December 2015 and signed on their behalf by
T P d'E Vallancey
Director

Bristol Assured Tenancies (No 1) Limited
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 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. Cash Flow Statement
The Company is exempt from including a statement of cash flows in its accounts in accordance with Financial Reporting Standard for Smaller Entities (effective April 2008).
1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Fixtures and Fittingsreducing balance 10 - 25%
Motor Carsstraight line 10%
1d. Investment Properties
Investment properties are included in the financial statements at open market vacant possession value. The Director considers that the vacant possession value is the most appropriate for these purposes as the company's properties are unlikely to be realised under any other circumstances. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view.

Bristol Assured Tenancies (No 1) Limited
2. TANGIBLE FIXED ASSETS
Land AndPlant and
BuildingsMachinery Etc.Total
£££
Cost
At 1 April 20141,005,00034,9931,039,993
Additions-1,0301,030
At 31 March 20151,005,00036,0231,041,023
Depreciation
At 1 April 2014-25,13325,133
For the year-1,6531,653
At 31 March 2015-26,78626,786
Net Book Amounts
At 31 March 20151,005,0009,2371,014,237
At 31 March 20141,005,0009,8601,014,860
All of the company's freehold property are investment properties and are let to third parties under operating leases. The historical cost of land and buildings is £419,424 and accumulated depreciation is nil.
The director having considered the current economic climate and its effect on property prices, has valued the properties at the balance sheet date on an untenanted basis.
3. DEBTORS 20152014
££
Amounts falling due within one year:
Other debtors2,272487
2,272487

Bristol Assured Tenancies (No 1) Limited
4. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20152014
££
Bank loans and overdrafts482,290502,290
482,290502,290
5. SHARE CAPITAL 20152014
££
Allotted, issued and fully paid:
16900 'A' Ordinary shares of £1 each1690016900
100 'B' Ordinary shares of £1 each100100
17000 Preferred Ordinary of £1 each1700017000
34,00034,000
6. REVALUATION RESERVE 20152014
££
Revaluation reserve585,576585,576
585,576585,576
7. RELATED PARTY TRANSACTIONS
Other Creditors includes a loan owing to the director Mr T P d'E Vallancey of £24 (2014 - £24). The loan is unsecured, interest free and there are no fixed repayment terms.
8. CONTROLLING PARTY
The company is controlled by Vision Perfect Limited, the ultimate parent company, by virtue of its holding of 100 'B' ordinary shares.