BZK Investments Limited - Period Ending 2015-03-31

 
 
 
 
 
 
 
  BZK Investments Limited
 
  Unaudited Abbreviated Accounts
  Year Ended 31 March 2015
 
  Company Registration Number: 08504034

BZK Investments Limited
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 4

BZK Investments Limited
Abbreviated Balance Sheet
31 March 2015

		Note			31 March 2015 £			31 March 2014 £
Fixed assets
Tangible fixed assets					11,785,693			11,411,653
Current assets
Debtors					67,242			227,197
Cash at bank and in hand					32,880			70,934
					100,122			298,131
Creditors: Amounts falling due within one year					(11,624,027)			(393,515)
Net current liabilities					(11,523,905)			(95,384)
Total assets less current liabilities					261,788			11,316,269
Creditors: Amounts falling due after more than one year					-			(11,490,319)
Provisions for liabilities					(30,208)			-
Net assets/(liabilities)					231,580			(174,050)
Capital and reserves
Called up share capital		3			1			1
Profit and loss account					231,579			(174,051)
Shareholders' funds/(deficit)					231,580			(174,050)

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 1

BZK Investments Limited
Abbreviated Balance Sheet
31 March 2015 ......... continued

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 23 December 2015 and signed on its behalf by:

Mr P Beaumont
Director

Company Registration Number: 08504034

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

BZK Investments Limited
Notes to the Abbreviated Accounts
Year Ended 31 March 2015 ......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Exemption from preparing group accounts

The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Equipment	25% reducing balance and 33% cost

Investment properties

Certain of the company's properties are held for long-term investment. Investment properties are accounted for in accordance with the FRSSE, as follows: No depreciation is provided in respect of investment properties and they are revalued annually. The surplus or deficit on revaluation is transferred to the revaluation reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year. This treatment as regards the company's investment properties may be a departure from the requirements of the Companies Act concerning the depreciation of fixed assets. However, these properties are not held for consumption but for investment and the directors consider that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore 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 which might otherwise have been shown cannot be separately identified or quantified.

Fixed asset investments

All fixed assets are initially recorded at cost.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Page 3

BZK Investments Limited
Notes to the Abbreviated Accounts
Year Ended 31 March 2015 ......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2014		11,411,997			11,411,997
Additions		379,234			379,234
Disposals		(4,850)			(4,850)
At 31 March 2015		11,786,381			11,786,381
Depreciation
At 1 April 2014		344			344
Charge for the year		344			344
At 31 March 2015		688			688
Net book value
At 31 March 2015		11,785,693			11,785,693
At 31 March 2014		11,411,653			11,411,653

3	Share capital

Allotted, called up and fully paid shares

	31 March 2015						31 March 2014
		No.			£			No.			£
Ordinary of £1 each		1			1			1			1

Page 4