2015 Companies House Accounts - pinacle (P15IXCHSE)

2015 Companies House Accounts - pinacle (P15IXCHSE)

BRIGHTBAY PROPERTIES LIMITED - Company Information

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BRIGHTBAY PROPERTIES LIMITED 4770162 2014-04-01 2015-03-31 false true 4770162 2013-03-31 4770162 2013-04-01 2014-03-31 4770162 uk-countries:OtherCountriesRegions 2013-04-01 2014-03-31 4770162 uk-countries:UnitedKingdom 2013-04-01 2014-03-31 4770162 uk-countries:Europe 2013-04-01 2014-03-31 4770162 uk-countries:Africa 2013-04-01 2014-03-31 4770162 uk-countries:South-eastAsia 2013-04-01 2014-03-31 4770162 uk-gaap:BusinessSegment1 2013-04-01 2014-03-31 4770162 uk-gaap:BusinessSegment2 2013-04-01 2014-03-31 4770162 uk-gaap:BusinessSegment3 2013-04-01 2014-03-31 4770162 uk-gaap:BusinessSegment4 2013-04-01 2014-03-31 4770162 uk-gaap:BusinessSegment5 2013-04-01 2014-03-31 4770162 uk-gaap:OfficeEquipment 2013-04-01 2014-03-31 4770162 uk-gaap:FixturesFittingsToolsEquipment 2013-04-01 2014-03-31 4770162 uk-gaap:OwnedOrFreeholdTangibleFixedAssets 2013-04-01 2014-03-31 4770162 uk-gaap:PositiveGoodwill 2013-04-01 2014-03-31 4770162 uk-gaap:LandBuildings 2013-04-01 2014-03-31 4770162 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BRIGHTBAY PROPERTIES LIMITED
 
 
 
 
 
 
ABBREVIATED ACCOUNTS
 
 
 
 
 
YEAR ENDED 31 MARCH 2015
 
 
 
 
 
 
 
 
 
 
 
COMPANY REGISTRATION NUMBER - 4770162
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
                                                                                                                                                                           
 
                                                                                                                                                                           
1 .
BRIGHTBAY PROPERTIES LIMITED
Company Number - 4770162
 
ABBREVIATED BALANCE SHEET
 
31 March 2015
 
2015 2014
Notes £ £ £ £
 
FIXED ASSETS
 
Tangible assets 2 117,715 106,887
 
CURRENT ASSETS
 
Debtors 638 15,000
Cash at Bank 3,225 2,598
3,863 17,598
CURRENT LIABILITIES
 
Creditors - Amounts falling
due within one year 3 87,759 86,573
NET CURRENT LIABILITIES (83,896 ) (68,975 )
TOTAL ASSETS LESS CURRENT LIABILITIES 33,819 37,912
CREDITORS - Amounts falling
due after more than one year 3 54,257 57,688
NET ASSETS (20,438 ) (19,776 )
                                                                                                                                                                           
2 .
BRIGHTBAY PROPERTIES LIMITED
Company Number - 4770162
 
ABBREVIATED BALANCE SHEET
 
31 March 2015
 
2015 2014
Notes £ £ £ £
 
 
CAPITAL AND RESERVES
 
Called up share capital 4 2 2
Revaluation reserve 3,257 3,257
Profit and loss account (23,697 ) (23,035 )
SHAREHOLDERS' FUNDS (20,438 ) (19,776 )
 
These abbreviated 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 April 2008).
 
For the financial year ended 31 March 2015, the company was entitled to exemption from audit under section 477 of the Companies Act 2006; and no notice has been deposited under section 476.
The members have not required the company to obtain an audit.
 
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 10 March 2016.
 
)
......................... ) B WEISS
Director
 
                                                                                                                                                                           
3 .
BRIGHTBAY PROPERTIES LIMITED
 
NOTES TO THE ABBREVIATED ACCOUNTS
 
FOR THE YEAR ENDED 31 MARCH 2015
 
1 . ACCOUNTING POLICIES
 
BASIS OF ACCOUNTING
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
 
TANGIBLE FIXED ASSETS AND DEPRECIATION
Tangible assets other than freehold land and investment properties are depreciated at the following annual rates in order to write off each asset over its estimated useful life.
 
Fixtures and fittings - 10% reducing balance
 
TANGIBLE FIXED ASSETS-INVESTMENT PROPERTY
No depreciation is provided on property owned by the company in accordance with
the Financial Reporting Standard for Smaller Entities as this is investment property.
In so doing the company is invoking the true and fair override permitted by the
Financial Reporting Standard For Smaller Entities.
 
PROVISIONS
Provisions are set up only where it is probable that a present obligation exists as a
result of an event prior to the balance sheet date and that a payment will be required
in settlement that can be estimated reliably. Where material, provisions are
calculated on a discount basis.
 
TURNOVER
Turnover represents property income and commissions receivable.
   
 
GOING CONCERN
The accounts have been prepared on a going concern basis due to the ongoing
support of the major creditors.
 
                                                                                                                                                                           
4 .
BRIGHTBAY PROPERTIES LIMITED
 
NOTES TO THE ABBREVIATED ACCOUNTS
 
FOR THE YEAR ENDED 31 MARCH 2015
 
2 . FIXED ASSETS
Tangible
fixed
assets
£
Cost or valuation
At 1 April 2014 107,683
Additions 10,996
At 31 March 2015 118,679
 
Depreciation
At 1 April 2014 796
Charge for year 168
At 31 March 2015 964
 
Net Book Values
At 31 March 2015 117,715
 
At 1 April 2014 106,887
 
 
2015 2014
£ £
3 . CREDITORS
 
Included in creditors are the following:
 
Bank loan repayable after five years 54,257 57,688
54,257 57,688
 
The bank loan is secured.
 
4 . CALLED UP SHARE CAPITAL
2015 2014
£ £
 
There was no change in share capital during the year.
 
Allotted, called up and fully paid
Ordinary shares of £1 each 2 2