The Buy to Let Business Limited - Abbreviated accounts 16.1
The Buy to Let Business Limited - Abbreviated accounts 16.1
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts for the Year Ended 29 February 2016 |
| for |
| The Buy to Let Business Limited |
| The Buy to Let Business Limited (Registered number: 05695802) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 29 February 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| The Buy to Let Business Limited |
| Company Information |
| for the Year Ended 29 February 2016 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| The Buy to Let Business Limited (Registered number: 05695802) |
| Abbreviated Balance Sheet |
| 29 February 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 |
| Investments | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Prepayments and accrued income |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | ( |
) |
| ACCRUALS AND DEFERRED INCOME | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 6 |
| Share premium |
| Capital redemption reserve |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their 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 Buy to Let Business Limited (Registered number: 05695802) |
| Abbreviated Balance Sheet - continued |
| 29 February 2016 |
| The financial statements were approved by the Board of Directors on |
| The Buy to Let Business Limited (Registered number: 05695802) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 29 February 2016 |
| 1. | ACCOUNTING POLICIES |
| 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 net invoiced sales of goods, excluding value added tax. From 1.3.2010 Proc fees have been recognised |
| when received rather than on the basis of when the work was performed less cancellation accrual as it was felt that his was |
| a more realistic reflection of actual revenue. |
| Goodwill |
| Tangible fixed assets |
| Plant and machinery etc | - |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet |
| date. |
| 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. | INTANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 March 2015 |
| and 29 February 2016 |
| AMORTISATION |
| At 1 March 2015 |
| Amortisation for year |
| At 29 February 2016 |
| NET BOOK VALUE |
| At 29 February 2016 |
| At 28 February 2015 |
| The Buy to Let Business Limited (Registered number: 05695802) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 29 February 2016 |
| 3. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 March 2015 |
| Additions |
| At 29 February 2016 |
| DEPRECIATION |
| At 1 March 2015 |
| Charge for year |
| At 29 February 2016 |
| NET BOOK VALUE |
| At 29 February 2016 |
| At 28 February 2015 |
| 4. | FIXED ASSET INVESTMENTS |
| Investments |
| other |
| than |
| loans |
| £ |
| COST |
| Additions | 3 |
| At 29 February 2016 | 3 |
| NET BOOK VALUE |
| At 29 February 2016 |
| 5. | DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| The aggregate total of debtors falling due after more than one year is £ |
| The Buy to Let Business Limited (Registered number: 05695802) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 29 February 2016 |
| 6. | CALLED UP SHARE CAPITAL |
| Alloted Number | Class | Nominal Value | 2016 | 2015 |
| 202,600 | Ordinary | 1p | 2,026 | - |
| 10 | Ordinary B | £1 | 10 | 10 |
| 10 | Ordinary | £1 | 10 |
| During the year the following transactions occured:- |
| Bonus issue of 1,990 Ordinary shares with a nominal values of £1 each making a total of 2,000 ordinary share |
| 2,000 Ordinary shares with a nominal value of £1 each were converted into 1p shares (200,000 shares) |
| 2,600 shares with a nominal value of 1p each were issued |
| 7. | RELATED PARTY DISCLOSURES |
| During the year the company continued to offer financial support to the following dormant companies under the control of |
| The Buy to Let Business Ltd. |
| At 28.2.2016 The Financial Recruitment Business Ltd owed The Buy to Let Business Ltd £944 (2015: £695). The Buy to |
| Let Business (Lettings) Ltd owed The Buy to Let Business Ltd £2,769 (2015: £2,636) and Berkely Private Capital Ltd |
| owed The Buy to Let Business Ltd £2054 (2015: £1,959). The Buy To Let Business (Protection) owed The Buy To Let |
| Business Ltd £115. |
| At 28.2.2016 Chin Yin Tan owed The Buy To Let Business Ltd £32,233. |
| 8. | ULTIMATE CONTROLLING PARTY |
| The controlling party is |