Abbreviated Company Accounts - BARONGUILD LIMITED

BARONGUILD LIMITED - Company Information

02229160 BARONGUILD LIMITED 2015-07-31 false 2014-08-01 2015-07-31 true 02229160 2014-08-01 2015-07-31 02229160 2015-07-31 02229160 2014-07-31 02229160 uk-gaap-cd-bus:Director1 2014-08-01 2015-07-31 02229160 uk-gaap-cd-bus:Director2 2014-08-01 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-08-01 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-07-31 iso4217:GBP shares

Registered Number 02229160

BARONGUILD LIMITED

Abbreviated Accounts

31 July 2015

BARONGUILD LIMITED Registered Number 02229160

Abbreviated Balance Sheet as at 31 July 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	5,889,213	5,889,213
Investments	3	-	993,213
		5,889,213	6,882,426
Current assets
Debtors		262,679	289,045
Cash at bank and in hand		1,144,504	138,451
		1,407,183	427,496
Creditors: amounts falling due within one year		(3,676,109)	(3,630,173)
Net current assets (liabilities)		(2,268,926)	(3,202,677)
Total assets less current liabilities		3,620,287	3,679,749
Creditors: amounts falling due after more than one year		(2,569,829)	(2,843,444)
Total net assets (liabilities)		1,050,458	836,305
Capital and reserves
Called up share capital	4	2	2
Profit and loss account		1,050,456	836,303
Shareholders' funds		1,050,458	836,305

For the year ending 31 July 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 11 August 2016

And signed on their behalf by:
JUDAH FELDMAN, Director

BARONGUILD LIMITED Registered Number 02229160

Notes to the Abbreviated Accounts for the period ended 31 July 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
The turnover of the company consists solely of rental income.

Other accounting policies
Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

2Tangible fixed assets

	£
Cost
At 1 August 2014	5,889,213
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2015	5,889,213
Depreciation
At 1 August 2014	-
Charge for the year	-
On disposals	-
At 31 July 2015	-
Net book values
At 31 July 2015	5,889,213
At 31 July 2014	5,889,213

All fixed assets are initially recorded at cost.

The directors consider that the cost of the freehold property is a fair reflection of its current valuation.

3Fixed assets Investments
The figure for investments represents the cost of overseas investments. The directors consider that the value of the investments at 31st July 2014 is represented by the original cost as reflected in the accounts.

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
2 Ordinary shares of £1 each	2	2