Abbreviated Company Accounts - BADGER STREET PROPERTIES LIMITED

BADGER STREET PROPERTIES LIMITED - Company Information

Registered Number 04293117

BADGER STREET PROPERTIES LIMITED

Abbreviated Accounts

30 September 2015

BADGER STREET PROPERTIES LIMITED Registered Number 04293117

Abbreviated Balance Sheet as at 30 September 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	90,000	90,000
Tangible assets	3	1,249,065	1,205,983
		1,339,065	1,295,983
Current assets
Debtors		-	600
Cash at bank and in hand		3,999	4,580
		3,999	5,180
Creditors: amounts falling due within one year		(32,340)	(14,690)
Net current assets (liabilities)		(28,341)	(9,510)
Total assets less current liabilities		1,310,724	1,286,473
Creditors: amounts falling due after more than one year		(1,249,323)	(1,230,445)
Total net assets (liabilities)		61,401	56,028
Capital and reserves
Called up share capital		100	10
Profit and loss account		61,301	56,018
Shareholders' funds		61,401	56,028

For the year ending 30 September 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 8 March 2016

And signed on their behalf by:
A Tucker, Director

BADGER STREET PROPERTIES LIMITED Registered Number 04293117

Notes to the Abbreviated Accounts for the period ended 30 September 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover consisted of rental income receivable.

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

Freehold land and buildings - Nil
Fixtures & fittings – 25% reducing balance

Intangible assets amortisation policy
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Valuation information and policy
Investment property is shown at cost.

2Intangible fixed assets

	£
Cost
At 1 October 2014	90,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2015	90,000
Amortisation
At 1 October 2014	-
Charge for the year	-
On disposals	-
At 30 September 2015	-
Net book values
At 30 September 2015	90,000
At 30 September 2014	90,000

3Tangible fixed assets

	£
Cost
At 1 October 2014	1,232,762
Additions	43,569
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2015	1,276,331
Depreciation
At 1 October 2014	26,779
Charge for the year	487
On disposals	-
At 30 September 2015	27,266
Net book values
At 30 September 2015	1,249,065
At 30 September 2014	1,205,983

The director considers the value of investment properties £1247606 (2014 - £1204037) are equivalent to current market values. The properties are regularly maintained.