Bluegate Housing Limited - Limited company - abbreviated - 11.9
Bluegate Housing Limited - Limited company - abbreviated - 11.9
REGISTERED NUMBER: |
ABBREVIATED UNAUDITED ACCOUNTS |
FOR THE YEAR ENDED 28 FEBRUARY 2015 |
FOR |
BLUEGATE HOUSING LIMITED |
BLUEGATE HOUSING LIMITED (REGISTERED NUMBER: 06497782) |
CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 28 FEBRUARY 2015 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 4 |
BLUEGATE HOUSING LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 28 FEBRUARY 2015 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
BLUEGATE HOUSING LIMITED (REGISTERED NUMBER: 06497782) |
ABBREVIATED BALANCE SHEET |
28 FEBRUARY 2015 |
2015 | 2014 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
Investment property | 3 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 4 |
NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
4 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 5 |
Revaluation reserve |
Profit and loss account |
SHAREHOLDERS' FUNDS |
The director acknowledges his 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. |
BLUEGATE HOUSING LIMITED (REGISTERED NUMBER: 06497782) |
ABBREVIATED BALANCE SHEET - continued |
28 FEBRUARY 2015 |
The financial statements were approved by the director on |
BLUEGATE HOUSING LIMITED (REGISTERED NUMBER: 06497782) |
NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 28 FEBRUARY 2015 |
1. | ACCOUNTING POLICIES |
Accounting convention |
The financial statements have been prepared under the historical cost convention as modified by the revaluation |
of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April |
2008). |
Turnover |
The whole of the turnover is attributable to the principal activity of the company, being the trading in residential |
properties in the United Kingdom. |
Tangible fixed assets |
Plant and machinery etc | - |
Investment property |
Investment property is shown at current open market value. Any aggregate surplus or deficit arising from |
changes in market value is transferred to a revaluation reserve. |
In accordance with the Financial Reporting Standard for Smaller Entities, no depreciation is provided in respect of |
freehold or long leasehold investment properties. This is a departure from the Companies Act 2006, which |
requires all properties to be depreciated. Such properties are not held for consumption, but for investment, and |
the director consider that to depreciate them would not give a true and fair view. The director consider that this |
policy results in the accounts giving a true and fair view. |
Stocks |
Stocks represent residential properties bought with the intention of selling them. Stocks are valued at the lower |
of cost or net realisable value. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
Acquisition and disposals of properties |
Acquisition and disposals of the properties are considered to take place at the date of legal completion, and are |
included in the Financial Statements accordingly. |
2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 March 2014 |
and 28 February 2015 |
DEPRECIATION |
At 1 March 2014 |
Charge for year |
At 28 February 2015 |
NET BOOK VALUE |
At 28 February 2015 |
At 28 February 2014 |
BLUEGATE HOUSING LIMITED (REGISTERED NUMBER: 06497782) |
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 28 FEBRUARY 2015 |
3. | INVESTMENT PROPERTY |
Total |
£ |
COST OR VALUATION |
At 1 March 2014 |
Additions |
Disposals | ( |
) |
Revaluations |
At 28 February 2015 |
NET BOOK VALUE |
At 28 February 2015 |
At 28 February 2014 |
4. | CREDITORS |
Creditors include an amount of £ |
5. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | £ | £ |
Ordinary | £1 |