BRANDY_PROPERTIES_LTD - Accounts

BRANDY PROPERTIES LTD - Company Information

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Company Registration No. 08432793 (England and Wales)

BRANDY PROPERTIES LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2015

BRANDY PROPERTIES LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

BRANDY PROPERTIES LTD

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2015

- 1 -

2015

2014

Notes

Fixed assets

Investments

10,000

Current assets

Stocks

816,389

1,344,028

Debtors

100

Cash at bank and in hand

901

48,970

817,390

1,393,098

Creditors: amounts falling due within one year

(761,233)

(1,399,700)

Net current assets/(liabilities)

56,157

(6,602)

Total assets less current liabilities

66,157

(6,602)

Capital and reserves

Called up share capital

200

Profit and loss account

65,957

(6,802)

Shareholders' funds

66,157

(6,602)

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.

Directors' 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 directors acknowledge their 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 29 February 2016

B W Lown

Director

Company Registration No. 08432793

BRANDY PROPERTIES LTD

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 amounts receivable for goods and services net of VAT and trade discounts.

1.4

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

Fixed assets

Investments

Cost

At 1 April 2014

Additions

10,000

At 31 March 2015

10,000

Share capital

2015

2014

Allotted, called up and fully paid

200 Ordinary shares of £1 each

200

Related party relationships and transactions

Since incorporation, the company has received financial assistance from its directors and other related companies Emblem Furniture Ltd and London Prime Development Ltd. At the end of the year, the outstanding balance the company owes to both parties amounts to £372,245.