BUSTER_BURKE_INVESTMENTS_ - Accounts

BUSTER BURKE INVESTMENTS LIMITED - Company Information

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Company Registration No. 04893947 (England and Wales)

BUSTER BURKE INVESTMENTS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2015

BUSTER BURKE INVESTMENTS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

BUSTER BURKE INVESTMENTS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 SEPTEMBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Investments

1,821,797

1,827,593

Current assets

Debtors

2,303,757

2,343,558

Cash at bank and in hand

3,720

16,736

2,307,477

2,360,294

Creditors: amounts falling due within one year

(1,782,790)

(1,945,981)

Net current assets

524,687

414,313

Total assets less current liabilities

2,346,484

2,241,906

Capital and reserves

Called up share capital

Profit and loss account

2,346,481

2,241,903

Shareholders' funds

2,346,484

2,241,906

For the financial year ended 30 September 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 13 April 2016

V C Burke

Director

Company Registration No. 04893947

BUSTER BURKE INVESTMENTS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 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.

1.5

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.

1.6

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

Fixed assets

Investments

Cost

At 1 October 2014

1,827,593

Additions

19,204

Disposals

(25,000)

At 30 September 2015

1,821,797

At 30 September 2014

1,827,593

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

Participating interests

BBL Properties Limited

England

Ordinary

50.00

BUSTER BURKE INVESTMENTS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2015

Fixed assets

(Continued)

- 3 -

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

BBL Properties Limited

Residential property trading

1,843,757

314,319

Debtors

Debtors include an amount of £2,303,757 (2014 - £2,343,558) which is due after more than one year.

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary 'A' of 1p each

100 Ordinary 'B' of 1p each

100 Ordinary 'C' of 1p each

The ordinary 'B' and the ordinary 'C' shares have no votings rights attached to them.