Bridport Housing Limited - Limited company - abbreviated - 11.9
Bridport Housing Limited - Limited company - abbreviated - 11.9
| REGISTERED NUMBER: |
| ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 MAY 2015 |
| FOR |
| BRIDPORT HOUSING LIMITED |
| BRIDPORT HOUSING LIMITED (REGISTERED NUMBER: 03566970) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 MAY 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| Chartered Accountants' Report | 6 |
| BRIDPORT HOUSING LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 MAY 2015 |
| DIRECTORS: |
| SECRETARIES: |
| M McCabe |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| BRIDPORT HOUSING LIMITED (REGISTERED NUMBER: 03566970) |
| ABBREVIATED BALANCE SHEET |
| 31 MAY 2015 |
| 2015 | 2014 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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. |
| BRIDPORT HOUSING LIMITED (REGISTERED NUMBER: 03566970) |
| ABBREVIATED BALANCE SHEET - continued |
| 31 MAY 2015 |
| The financial statements were approved by the Board of Directors on |
| BRIDPORT HOUSING LIMITED (REGISTERED NUMBER: 03566970) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 MAY 2015 |
| 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 rents, property maintenance and other property services due for the year. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date |
| where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or |
| to receive more tax. |
| Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing |
| differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 June 2014 |
| and 31 May 2015 |
| DEPRECIATION |
| At 1 June 2014 |
| Charge for year |
| At 31 May 2015 |
| NET BOOK VALUE |
| At 31 May 2015 |
| At 31 May 2014 |
| 3. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2015 | 2014 |
| value: | £ | £ |
| Ordinary A | £1 |
| Ordinary B | £1 |
| 6 | 6 |
| BRIDPORT HOUSING LIMITED (REGISTERED NUMBER: 03566970) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 31 MAY 2015 |
| 4. | RELATED PARTY DISCLOSURES |
| The following loans from the directors subsisted during the years ended 31 May 15 and 31 May 2014: |
| 2015 | 2014 |
| £ | £ |
| M McCabe |
| Balance outstanding at start of year | 92 | 2,658 |
| Balance outstanding at end of year | 92 | 92 |
| Maximum balance outstanding during year | 92 | (7,708 | ) |
| D Chapman |
| Balance outstanding at start of year | 52 | (10,603 | ) |
| Balance outstanding at end of year | 52 | 52 |
| Maximum balance outstanding during year | 52 | 11,406 |
| These loans are interest free, |
| M McCabe and D Chapman are partners in McCabe Chapman, letting agents, from whom the company incurred rental |
| expenditure to the value of £241,762 (2014: £204,958). At 31 May 2015 £690 (2014: £690) was due from McCabe |
| Chapman. |
| The company paid M McCabe £170,790 (2014: £170,675) in respect of rent and service charges for properties owned |
| personally. At 31 May 2015 £nil (2014 £nil) was outstanding. |
| The company paid D Chapman £86,395 (2014: £103,996) in respect of rent and service charges for properties owned |
| personally. At 31 May 2015 £nil (2014: £nil) was outstanding. |
| 5. | ULTIMATE CONTROLLING PARTY |
| CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
| ON THE UNAUDITED FINANCIAL STATEMENTS OF |
| BRIDPORT HOUSING LIMITED |
| The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited |
| financial statements, from which the unaudited abbreviated accounts (set out on pages two to five) have been prepared. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial |
| statements of Bridport Housing Limited for the year ended 31 May 2015 which comprise the Profit and Loss Account, the Balance |
| Sheet and the related notes from the company's accounting records and from information and explanations you have given us. |
| As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook. |
| This report is made solely to the Board of Directors of Bridport Housing Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Bridport Housing Limited and state those matters that we have agreed to state to the Board of Directors of Bridport Housing Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
| It is your duty to ensure that Bridport Housing Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Bridport Housing Limited. You consider that Bridport Housing Limited is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the financial statements of Bridport Housing Limited. For this |
| reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have |
| given to us and we do not, therefore, express any opinion on the statutory financial statements. |
| 15 December 2015 |