BOURNE_RESIDENTIAL_LIMITE - Accounts

BOURNE RESIDENTIAL LIMITED - Company Information

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Company Registration No. 05100205 (England and Wales)

BOURNE RESIDENTIAL LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2014

BOURNE RESIDENTIAL LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

BOURNE RESIDENTIAL LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

888,895

854,314

Current assets

Debtors

1,129

Cash at bank and in hand

103,051

173,490

104,180

174,619

Creditors: amounts falling due within one year

(896,270)

(899,917)

Net current liabilities

(792,090)

(725,298)

Total assets less current liabilities

96,805

129,016

Creditors: amounts falling due after more than one year

(140,873)

(188,185)

(44,068)

(59,169)

Capital and reserves

Called up share capital

10,000

Revaluation reserve

(25,698)

(72,198)

Profit and loss account

(28,370)

3,029

Shareholders' funds

(44,068)

(59,169)

For the financial year ended 31 March 2014 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 4 September 2014

Mr Richard Bourne

Director

Company Registration No. 05100205

BOURNE RESIDENTIAL LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings 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

Tangible fixed assets and depreciation

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

Fixtures, fittings & equipment

25% reducing balance

Fixed assets

Tangible assets

Cost or valuation

At 1 April 2013

865,883

Additions

250,910

Disposals

(216,000)

At 31 March 2014

900,793

Depreciation

At 1 April 2013

11,569

Charge for the year

329

At 31 March 2014

11,898

Net book value

At 31 March 2014

888,895

At 31 March 2013

854,314

BOURNE RESIDENTIAL LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2014

- 3 -

Share capital

2014

2013

Allotted, called up and fully paid

10,000 Ordinary Shares of £1 each

10,000