Birstall Garden Buildings Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 05569684

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

BIRSTALL GARDEN BUILDINGS

LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

B D Lee

SECRETARY:

D A Lee

REGISTERED OFFICE:

27-35 Sibson Road

Birstall

Leicestershire

LE4 4DX

REGISTERED NUMBER:

05569684

ACCOUNTANTS:

Prime

Chartered Accountants

5 Argosy Court

Scimitar Way

Whitley Business Park

Coventry

CV3 4GA

FIXED ASSETS

Investments

2

750

Investment property

3

1,200,000

1,200,750

CURRENT ASSETS

Debtors

12,932

40,465

Cash at bank

18,040

23,598

30,972

64,063

CREDITORS

Amounts falling due within one year

6,169

7,986

NET CURRENT ASSETS

24,803

56,077

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,225,553

1,256,827

CAPITAL AND RESERVES

Called up share capital

4

750

Revaluation reserve

959,370

Profit and loss account

265,433

296,707

SHAREHOLDERS' FUNDS

1,225,553

1,256,827

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 2 September 2016 and were signed by:

B D Lee - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the

revaluation of certain assets and in accordance with the Financial Reporting Standard for Smaller

Entities (effective January 2015).

Turnover

The turnover shown in the profit and loss account represents rents receivable.

Investment property

Investment properties are included in the balance sheet at their open market value. Depreciation is

provided only on those investment properties which are leasehold 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 January 2015), 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.

Deferred tax

No provision has been made for deferred tax of £191,874 arising on the revaluation of the investment

property. This amount would be payable in the event of the asset being sold, but there are no plans to

sell it in the foreseeable future.

Investments

Fixed asset investments are stated at cost less provision for impairment.

2.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 January 2015

and 31 December 2015

750

NET BOOK VALUE

At 31 December 2015

750

At 31 December 2014

750

The company's investments at the Balance Sheet date in the share capital of companies include the

following:

All Style Design Limited

Nature of business: Garden Centre

%

Class of shares:

holding

Ordinary

75.00

2015

2014

£

Aggregate capital and reserves

495,041

507,133

Profit for the year

75,258

75,086

3.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 January 2015

and 31 December 2015

1,200,000

NET BOOK VALUE

At 31 December 2015

1,200,000

At 31 December 2014

1,200,000

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

750

Ordinary

£1

750