Harris Bros. (Billericay) Limited - Period Ending 2016-04-30

 
 
 
 
 
 
 
  Harris Bros. (Billericay) Limited
 
  Unaudited Abbreviated Accounts
  Period from 1 April 2015 to 30 April 2016

 
  Company Registration Number: 00364327

Harris Bros. (Billericay) Limited
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 4

Harris Bros. (Billericay) Limited
Abbreviated Balance Sheet
30 April 2016

		Note			30 April 2016 £			31 March 2015 £
Fixed assets
Tangible fixed assets		2			1,200,000			1,000,000
Current assets
Debtors					64,083			-
Cash at bank and in hand					7,831			23,581
					71,914			23,581
Creditors: Amounts falling due within one year					(29,869)			(26,923)
Net current assets/(liabilities)					42,045			(3,342)
Net assets					1,242,045			996,658
Capital and reserves
Called up share capital		3			5,710			5,710
Revaluation reserve					1,184,267			984,267
Profit and loss account					52,068			6,681
Shareholders' funds					1,242,045			996,658

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 1

Harris Bros. (Billericay) Limited
Abbreviated Balance Sheet
30 April 2016 ......... continued

For the year ending 30 April 2016 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 12 September 2016 and signed on its behalf by:

Mr M S Harris
Director

Company Registration Number: 00364327

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Harris Bros. (Billericay) Limited
Notes to the Abbreviated Accounts
Period from 1 April 2015 to 30 April 2016 ......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts received during the year from rental income.

Depreciation

The company's policy is to maintain its property to a high standard through a continual programme of refurbishment and maintenance. In accordance with this practice depreciaton is not provided on the freehold property as, in the opinion of the directors, the residual value (in terms of original cost) is such that any depreciation would be immaterial.

Asset class	Depreciation method and rate
Freehold Property	Not provided

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2015		1,000,000			1,000,000
Revaluations		200,000			200,000
At 30 April 2016		1,200,000			1,200,000
Depreciation
At 30 April 2016		-			-
Net book value
At 30 April 2016		1,200,000			1,200,000
At 31 March 2015		1,000,000			1,000,000

Page 3

Harris Bros. (Billericay) Limited
Notes to the Abbreviated Accounts
Period from 1 April 2015 to 30 April 2016 ......... continued

3	Share capital

Allotted, called up and fully paid shares

	30 April 2016						31 March 2015
		No.			£			No.			£
Ordinary shares of £1 each		3,110			3,110			3,110			3,110
Preference shares of £1 each		2,600			2,600			2,600			2,600
		5,710			5,710			5,710			5,710

4	Related party transactions

Directors' advances and credits

	1 April 2015 to 30 April 2016 Advance/ Credit £	1 April 2015 to 30 April 2016 Repaid £	Year ended 31 March 2015 Advance/ Credit £	Year ended 31 March 2015 Repaid £
Mrs M Harris
Director's loan, repayable on demand, on which interest has been charged at the official rate	55,565	156	-	-

Page 4