Bennett Walden Estates Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 00453394 (England and Wales)

BENNETT WALDEN ESTATES LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

5

DIRECTORS:

A E Kweller

A Kweller

SECRETARY:

A Kweller

REGISTERED OFFICE:

255 Green Lanes

Palmers Green

London

N13 4XE

REGISTERED NUMBER:

00453394 (England and Wales)

ACCOUNTANTS:

John Crook & Partners

Chartered Accountants

255 Green Lanes

Palmers Green

London

N13 4XE

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

450,005

600,006

450,005

600,006

CURRENT ASSETS

Debtors

307

697

Cash at bank

201,354

963

201,661

1,660

CREDITORS

Amounts falling due within one year

51,271

17,193

NET CURRENT ASSETS/(LIABILITIES)

150,390

(15,533

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

600,395

584,473

CAPITAL AND RESERVES

Called up share capital

4

1,000

Revaluation reserve

376,206

502,672

Profit and loss account

223,189

80,801

SHAREHOLDERS' FUNDS

600,395

584,473

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 13 April 2016 and were signed on its behalf
by:

A Kweller - Director

A E Kweller - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the

revaluation of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities

(effective April 2008).

Turnover

Turnover represents rentals receivable.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

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

Property held for investment purposes is not depreciated as required by the Companies Act 2006. In

accordance with paragraphs 6.50 to 6.53 of the Financial Reporting Standard for Smaller Entities

(effective April 2008) investment property is revalued to its open market value at each balance sheet date,

with any surplus or deficit on revaluation being transferred to a revaluation reserve in the first instance.

This treatment constitutes an override of the Companies Act requirement to depreciate fixed assets and is

necessary to give a true and fair view.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2014

and 31 July 2015

1

AMORTISATION

At 1 August 2014

and 31 July 2015

1

NET BOOK VALUE

At 31 July 2015

-

At 31 July 2014

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 August 2014

603,393

Disposals

(150,000

)

At 31 July 2015

453,393

DEPRECIATION

At 1 August 2014

3,387

Charge for year

1

At 31 July 2015

3,388

NET BOOK VALUE

At 31 July 2015

450,005

At 31 July 2014

600,006

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

1,000

Ordinary

£1

1,000

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

In the ordinary course of business, the company entered into a transaction with one of its directors, A.

Kweller, for the sum of £7,000 (2014 £3,000), for the provision of his services as a chartered surveyor.

Dividends totalling £5,500 (2014 £6,250) were paid to A. Kweller. Dividends of £5,500 (2014 £6,250)

were paid to A. E. Kweller.