| Blue House Properties (North East) Limited |
| Registered number: |
08760363 |
| Abbreviated Balance Sheet |
| as at 30 November 2015 |
|
| Notes |
|
|
2015 |
|
|
2014 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
270,000 |
|
|
264,705 |
|
| Current assets |
| Cash at bank and in hand |
|
|
4,890 |
|
|
7,294 |
|
| Creditors: amounts falling due within one year |
|
|
(117,500) |
|
|
(271,398) |
|
| Net current liabilities |
|
|
|
(112,610) |
|
|
(264,104) |
|
| Total assets less current liabilities |
|
|
|
157,390 |
|
|
601 |
|
| Creditors: amounts falling due after more than one year |
|
|
|
(148,150) |
|
|
- |
|
|
|
| Net assets |
|
|
|
9,240 |
|
|
601 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
4 |
|
|
2 |
|
|
2 |
| Revaluation reserve |
|
|
|
5,295 |
|
|
- |
| Profit and loss account |
|
|
|
3,943 |
|
|
599 |
|
| Shareholder's funds |
|
|
|
9,240 |
|
|
601 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| Suzanne Louise Sanderson |
| Director |
| Approved by the board on 31 August 2016 |
|
| Blue House Properties (North East) Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 30 November 2015 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts 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 the value of rents receivable during the accounting period. |
|
|
Depreciation |
|
The directors are of the opinion that the buildings are maintained in such a condition that residual value will be in excess of cost. Consequently depreciation is not provided on land and buildings. |
|
|
Deferred taxation |
|
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 December 2014 |
264,705 |
|
Surplus on revaluation |
5,295 |
|
At 30 November 2015 |
270,000 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 30 November 2015 |
- |
|
|
|
|
|
|
|
|
Net book value |
|
At 30 November 2015 |
270,000 |
|
At 30 November 2014 |
264,705 |
|
|
|
|
|
|
|
|
Residential properties were valued by J Wood, Chartered Surveyors in July 2015 at a value of £270,000 which has been incorporated into the accounts. |
|
|
| 3 |
Loans |
2015 |
|
2014 |
| £ |
£ |
|
Creditors include: |
|
Secured bank loans |
152,200 |
|
- |
|
|
|
|
|
|
|
|
|
|
| 4 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
2 |
|
2 |
|
2 |
|
|
|
|
|
|
|
|
|
