Bentley Homes UK Ltd Accounts

BENTLEY HOMES (UK) LTD - Company Information






Bentley Homes UK Ltd
	Company No. 07521734
		Abbreviated Accounts
		31 March 2015

at	31 March 2015

Company No.		07521734	Notes	2015
				£	£
Fixed assets

	Tangible assets		2	2,038	2,718
	Investments		2	512,658	171,000
				514,696	173,718
Current assets
	Stocks			109,306	446,829
	Debtors			6,550	1,352

	Cash at bank and in hand			2,451	3,900
				118,307	452,081
Creditors: Amounts falling due within one year				(22,909)	(134,395)
Net current assets				95,398	317,686
Total assets less current liabilities				610,094	491,404
Creditors: Amounts falling due after more than one year				(556,408)	(441,725)



Net assets				53,686	49,679

Capital and reserves
	Called up share capital		3	100	100



	Profit and loss account			53,586	49,579

Shareholders' funds				53,686	49,679

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in part 15 of the Companies Act 2006 and with the Financial Reporting Standard for Smaller Entities (effective January 2015).

For the year ended 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 21 December 2015

And signed on its behalf by:

J.K. Fawthrop
Director
21 December 2015

for the year ended 31 March 2015

1	Accounting policies

Basis of preparation

The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) ["the FRSSE"].

Turnover

Turnover represents the amounts (excluding value added tax) derived from the provision of goods and services to customers.

Tangible fixed assets and depreciation

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

Plant and machinery

25% Reducing Balance

Motor vehicles

25% Reducing Balance

Freehold investment property

In accordance with the FRSSE, investment properties are revalued annually and any surplus or deficit is transferred to revaluation reserve. No depreciation is provided in respect of investment properties.
This treatment conflicts with the requirements of the Companies Act 2006 that all properties should be depreciated. The directors consider that, because these properties are not held for consumption, but for their investment potential it is necessary to adopt the requirements of the FRSSE in order to give a true and fair view.

Stocks

Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow-moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

2	Fixed assets
		Tangible fixed assets	Investments	Total
		£	£	£
	Cost or revaluation
	At 1 April 2014	4,853	171,000	175,853
	Additions	-	341,658	341,658

At 31 March 2015	4,853	512,658	517,511
Amortisation
At 1 April 2014	2,135	-	2,135
Charge for the year	680	-	680




At 31 March 2015	2,815	-	2,815
Net book values
At 31 March 2015	2,038	512,658	514,696
At 31 March 2014	2,718	171,000	173,718

3	Share Capital
		Nominal value	2015	2015
		£	Number	£	£
	Allotted, called up and fully paid:
	Ordinary	1.00	100	100	100




				100	100