Bowsall Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 06798358 (England and Wales)

BOWSALL LIMITED

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

D A J Morris

P M Simon

S Gould

G T Rowson

SECRETARY:

P M Simon

REGISTERED OFFICE:

Bowsall House

3 King Street

Salford

M3 7DG

REGISTERED NUMBER:

06798358 (England and Wales)

ACCOUNTANTS:

Corporate Accountancy Solutions Limited

Georges Court

Chestergate

Macclesfield

Cheshire

SK11 6DP

FIXED ASSETS

Tangible assets

2

3,988

5,199

Investments

3

-

-

Investment property

4

965,365

965,365

969,353

970,564

CURRENT ASSETS

Debtors

874,220

463,504

Cash at bank

15

103,242

874,235

566,746

CREDITORS

Amounts falling due within one year

2,997,345

1,525,645

NET CURRENT LIABILITIES

(2,123,110

)

(958,899

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,153,757

)

11,665

CAPITAL AND RESERVES

Called up share capital

5

3

3

Profit and loss account

(1,153,760

)

11,662

SHAREHOLDERS' FUNDS

(1,153,757

)

11,665

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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 2nd December 2015 and were signed on its behalf by:

P M Simon - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents amounts receivable for the sale of land, property consultancy and procurement services net

of VAT.

Tangible fixed assets

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

Plant and machinery etc

-

25% on cost

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2014

8,058

Additions

876

At 31st March 2015

8,934

DEPRECIATION

At 1st April 2014

2,859

Charge for year

2,087

At 31st March 2015

4,946

NET BOOK VALUE

At 31st March 2015

3,988

At 31st March 2014

5,199

3.	FIXED ASSET INVESTMENTS

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Honley Limited

Country of incorporation: United Kingdom

Nature of business: Buying and selling of land

%

Class of shares:

holding

Ordinary

100.00

2015

2014

£

£

Aggregate capital and reserves

(1,686

)

(1,496

)

Loss for the year

(7,356

)

(190

)

4.	INVESTMENT PROPERTY

Total

£

COST

At 1st April 2014

and 31st March 2015

965,365

NET BOOK VALUE

At 31st March 2015

965,365

At 31st March 2014

965,365

5.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2015

2014

value:

£

£

3

Ordinary shares

1

3

3

6.	RELATED PARTY DISCLOSURES

Included within Creditors: amounts falling due within one year, are amounts owing £113,593 to Bowsall (Bacup)

Limited (2014: £115,593), £3,390 to Bowsall (Farnworth) Limited (2014: £3,390), £247,100 to Life

Opportunities Limited (2014: £286,000), £49,401 to Bowsall (Sabden) Limited [2014: £89,401), £358,308 to

Bowsall Construction Limited [2014: £8,376], £3,722 to The Strategic Land Group (2014: £3,722), £552,074 to

Bowsall Projects Limited.(2014:£551,861), £53,000 Mansfield Estates Limited, £1,365,800 to Vicarage Lane

Limited, £900 to CCP Ltd and £9,006.to Honley Limited

These companies are controlled by Paul Simon and Simon Gould who are Directors of Bowsall Limited.

Included within other debtors: amounts owing £343 from Si-Si Investments (2014: £343), £107,587 from

Bowsall (Ellesmere Port) Limited (2014: £117,587), £900 credit balance from CCP (London) Limited (2014:

300) and £69,9500 from Bowsall (Horwich) Limited (2014: £26,500).

These companies are controlled by Paul Simon and Simon Gould who are directors of Bowsall Limited.

In light of these associated company loans, Bowsall Limited has paid associated company loan interest of £7,621

and received company loan interest of £19,150 during the year.

7.	ULTIMATE CONTROLLING PARTY

The ultimate controlling parties of the company are Paul Simon, Simon Gould and David Morris by virtue of

their directorships and shareholdings in the company.