BARDEN_MILL_COMPANY_LIMIT - Accounts

BARDEN MILL COMPANY LIMITED - Company Information

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Company Registration No. 02821065 (England and Wales)

BARDEN MILL COMPANY LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2015

BARDEN MILL COMPANY LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 6

BARDEN MILL COMPANY LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

2,000,000

Investments

100

2,000,100

Current assets

Stocks

534

1,234

Debtors

19,381

23,249

Cash at bank and in hand

589

225

20,504

24,708

Creditors: amounts falling due within one year

(2,056,013)

(2,061,782)

Net current liabilities

(2,035,509)

(2,037,074)

Total assets less current liabilities

(35,409)

(36,974)

Provisions for liabilities

(9,690)

(10,979)

Accruals and deferred income

(19,326)

(19,916)

(64,425)

(67,869)

Capital and reserves

Called up share capital

100

Revaluation reserve

282,883

273,583

Profit and loss account

(347,408)

(341,552)

Shareholders' funds

(64,425)

(67,869)

BARDEN MILL COMPANY LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

30 JUNE 2015

- 2 -

For the financial year ended 30 June 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 30 March 2016

Mr J Fildes

Director

Company Registration No. 02821065

BARDEN MILL COMPANY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2015

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and plant and machinery and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The company finances its operations by means of bank loan and bank overdraft facilities. The directors are not aware of any reason why these facilities will not be maintained at their current level. As a result the directors have continued to adopt the going concern basis in preparing the financial statements.

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 services net of VAT.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Freehold

2% straight line

Plant and machinery

10% reducing balance

Fixtures, fittings & equipment

10% reducing balance

1.5

Investments

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

1.6

Stock

Stock is valued at the lower of cost and net realisable value.

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

1.7

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

1.8

Government grants

Grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

1.9

Group accounts

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

BARDEN MILL COMPANY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2015

- 4 -

Fixed assets

Tangible assets

Investments

Total

Cost or valuation

At 1 July 2014

2,446,015

100

2,446,115

Revaluation

9,300

At 30 June 2015

2,455,315

100

2,455,415

Depreciation

At 1 July 2014

446,015

Charge for the year

9,300

At 30 June 2015

455,315

Net book value

At 30 June 2015

2,000,000

100

2,000,100

At 30 June 2014

2,000,000

100

2,000,100

Holdings of more than 20%

The company holds more than 20% of the share capital of the following companies:

Company

Country of registration or

Shares held

incorporation

Class

Subsidiary undertakings

Marina Developments (North West) Limited

England

Ordinary

100.00

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital and reserves

Profit/(loss) for the year

2015

Principal activity

Marina Developments (North West) Limited

Dormant

100

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £1,532,507 (2014 - £1,512,296).

BARDEN MILL COMPANY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2015

- 5 -

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100

BARDEN MILL COMPANY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2015

- 6 -

Related party relationships and transactions

Loans to directors

Transactions in relation to loans from directors during the year are outlined in the table below:

Description

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

Mr J J Fildes and Mrs A Fildes

145,054

62,254

25,720

181,588

145,054

62,254

25,720

181,588