Brittanic Properties Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 02503754 (England and Wales)

Brittanic Properties Limited

Abbreviated Unaudited Accounts

for the Year Ended 31 August 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Report of the Accountants

5

DIRECTOR:

C S CHANDHOK

SECRETARY:

Mrs M K Anand

REGISTERED OFFICE:

12 Woodside Avenue

London

N12 8BG

REGISTERED NUMBER:

02503754 (England and Wales)

ACCOUNTANTS:

DSJ Partners LLP

2nd Floor

1 Bell Street

London

NW1 5BY

FIXED ASSETS

Tangible assets

2

20,943

24,627

CURRENT ASSETS

Debtors

45,716

51,741

Cash at bank

16,131

22,338

61,847

74,079

CREDITORS

Amounts falling due within one year

(136,512

)

(172,184

)

NET CURRENT LIABILITIES

(74,665

)

(98,105

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(53,722

)

(73,478

)

CAPITAL AND RESERVES

Called up share capital

3

1,000

Profit and loss account

(54,722

)

(74,478

)

SHAREHOLDERS' FUNDS

(53,722

)

(73,478

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 17 May 2016 and were signed by:

C S CHANDHOK - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements-going concern

At the balance sheet date the company's liabilities exceeded its total assets by £53,722 (2014 £73,478). The directors have

indicated that they will continue to support financially the company's operations.

Due to the continuing availability of financial support from the directors, who are also shareholders, it is considered

appropriate to prepare the financial statements on the going concern basis which assumes that the company will continue in

operational existence for the foreseeable future.

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the Financial

Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents invoiced value of management services, excluding value added tax.

Tangible fixed assets

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

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

15% on reducing balance

Computer equipment

-

15% on reducing balance

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are

charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2014

and 31 August 2015

71,369

DEPRECIATION

At 1 September 2014

46,742

Charge for year

3,684

At 31 August 2015

50,426

NET BOOK VALUE

At 31 August 2015

20,943

At 31 August 2014

24,627

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

1,000

Ordinary shares

£1

1,000

4.	RELATED PARTY DISCLOSURES

Brittanic Properties (London) Limited (a company incorporated in England) owed £44,938 (2014 £46,008) at 31 August

2015 whose directors and shareholders are the same as this company.

5.	CONTROLLING PARTY

Mr. C. S. Chandhok is considered to be the ultimate controlling party in the company.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited

financial statements, from which the unaudited abbreviated accounts (set out on pages two to four) have been prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 31 August 2015 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

DSJ Partners LLP

2nd Floor

1 Bell Street

London

NW1 5BY

17 May 2016