Bowness Developments Limited - Limited company - abbreviated - 11.9

Bowness Developments Limited - Limited company - abbreviated - 11.9

BOWNESS DEVELOPMENTS LIMITED - Company Information

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REGISTERED NUMBER: 01071060

















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2015

FOR

BOWNESS DEVELOPMENTS LIMITED

BOWNESS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01071060)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2015










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

BOWNESS DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2015







DIRECTORS: M J Austin
Mrs M Austin
S M Austin
Mrs T J Barker





SECRETARY: M J Austin





REGISTERED OFFICE: 3 North Hill
Colchester
Essex
CO1 1DZ





REGISTERED NUMBER: 01071060





ACCOUNTANTS: Baker Chapman & Bussey
Chartered Accountants
3 North Hill
Colchester
Essex
CO1 1DZ
Page 1
BOWNESS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01071060)

ABBREVIATED BALANCE SHEET
31 AUGUST 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 728,210 690,343

CURRENT ASSETS
Debtors 2,269 4,642
Investments 16,460 16,194
Cash at bank 102,970 77,380
121,699 98,216
CREDITORS
Amounts falling due within one year 79,274 70,844
NET CURRENT ASSETS 42,425 27,372
TOTAL ASSETS LESS CURRENT
LIABILITIES
770,635
717,715

PROVISIONS FOR LIABILITIES 12 47
NET ASSETS 770,623 717,668

CAPITAL AND RESERVES
Called up share capital 3 100 100
Revaluation reserve 361,643 323,567
Profit and loss account 408,880 394,001
SHAREHOLDERS' FUNDS 770,623 717,668

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2015 in accordance with Section 476 of the Companies Act 2006.

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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 8 March 2016 and were signed on its behalf by:




M J Austin - Director



Mrs M Austin - Director


The notes form part of these abbreviated accounts

Page 2
BOWNESS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01071060)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 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.

Financial reporting standard number 1
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a
small company.

Turnover
Turnover represents rent receivable from investment properties.

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

Plant and machinery - 25% on cost and 10% on cost

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
balance sheet date.

Investment properties
In accordance with Statement of Standard Accounting Practice No. 19, certain of the company's properties are
held for long-term investment and are included in the Balance Sheet at their open market values. The surplus or
deficit on revaluation of such properties are transferred to the investment property revaluation reserve.
Depreciation is not provided in respect of freehold investment properties.

This policy represents a departure from statutory accounting principles, which require depreciation to be
provided on all fixed assets. The directors consider that this policy is necessary in order that the financial
statements may give a true and fair view because current values and changes in current values are of prime
importance rather than the calculation of systematic annual depreciation. Depreciation is only one of many
factors reflected in the valuation and the amount which might otherwise have been shown cannot be separately
identified or quantified.

2. TANGIBLE FIXED ASSETS
Total
£   
COST OR VALUATION
At 1 September 2014 694,388
Revaluations 38,076
At 31 August 2015 732,464
DEPRECIATION
At 1 September 2014 4,045
Charge for year 209
At 31 August 2015 4,254
NET BOOK VALUE
At 31 August 2015 728,210
At 31 August 2014 690,343

Page 3
BOWNESS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01071060)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 AUGUST 2015


3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
100 Ordinary £1 100 100

Page 4