BYWATER_REAL_ESTATES_LIMI - Accounts

BYWATER REAL ESTATES LTD - Company Information

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Company Registration No. 05811831 (England and Wales)

BYWATER REAL ESTATES LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2015

BYWATER REAL ESTATES LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

BYWATER REAL ESTATES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

28 FEBRUARY 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

853,409

Current assets

Debtors

4,841

Cash at bank and in hand

893

4,046

5,734

4,046

Creditors: amounts falling due within one year

(87,341)

(86,038)

Net current liabilities

(81,607)

(81,992)

Total assets less current liabilities

771,802

771,417

Creditors: amounts falling due after more than one year

(779,501)

(769,899)

(7,699)

1,518

Capital and reserves

Called up share capital

100

Profit and loss account

(7,799)

1,418

Shareholders' funds

(7,699)

1,518

BYWATER REAL ESTATES LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

28 FEBRUARY 2015

- 2 -

For the financial year ended 28 February 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 24 June 2016

Mr P Squire

Director

Company Registration No. 05811831

BYWATER REAL ESTATES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 28 FEBRUARY 2015

- 3 -

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).

These accounts have been prepared on the going concern basis, the validity of which relies on the continued support of Mr B Ahmed (Director until 3 May 2016) not recalling his loan to the Company until the Company has the ability to repay the monies.

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

Tangible fixed assets and depreciation

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

Land and buildings Freehold

Freehold properties are included in the balance sheet at their open market value. Depreciation is provided only on those freehold properties which are leasehold and where the unexpired lease term is less than 20 years.

Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the director compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

Fixed assets

Tangible assets

Cost

At 1 March 2014 & at 28 February 2015

853,409

At 28 February 2014

853,409

BYWATER REAL ESTATES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 28 FEBRUARY 2015

- 4 -

Creditors: amounts falling due after more than one year

2015

2014

Analysis of loans repayable in more than five years

Total amounts repayable by instalments which are due in more than five years

(779,501)

(769,899)

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary Shares of £1 each

100