BESPOKE_RESIDENTIAL__LIMI - Accounts

BESPOKE RESIDENTIAL LIMITED - Company Information

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Company Registration No. 04994580 (England and Wales)

BESPOKE RESIDENTIAL LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2015

BESPOKE RESIDENTIAL LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

BESPOKE RESIDENTIAL LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

970,000

Current assets

Cash at bank and in hand

10,227

2,947

Creditors: amounts falling due within one year

(23,866)

(17,961)

Net current liabilities

(13,639)

(15,014)

Total assets less current liabilities

956,361

954,986

Creditors: amounts falling due after more than one year

(557,052)

(578,695)

399,309

376,291

Capital and reserves

Called up share capital

Revaluation reserve

332,799

Profit and loss account

66,508

43,490

Shareholders' funds

399,309

376,291

For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 18 December 2015

M Costa

Director

Company Registration No. 04994580

BESPOKE RESIDENTIAL LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents rent receivable from investment properties.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:

Investment properties are included in the balance sheet at their open market value.

Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the director compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

Fixed assets

Tangible assets

Cost or valuation

At 1 April 2014 & at 31 March 2015

970,000

At 31 March 2014

970,000

Share capital

2015

2014

Allotted, called up and fully paid

2 Ordinary shares of £1 each