B.c.s.holdings Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 00596393 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

B.C.S.HOLDINGS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mrs C M Reevell

N L Reevell

Mrs A D Fontanarrosa

SECRETARY:

Mrs C M Reevell

REGISTERED OFFICE:

46 Hamilton Square

Birkenhead

Merseyside

CH41 5AR

REGISTERED NUMBER:

00596393 (England and Wales)

ACCOUNTANTS:

McLintocks Limited

46 Hamilton Square

Birkenhead

Merseyside

CH41 5AR

FIXED ASSETS

Tangible assets

2

29,488

15,495

Investment property

3

986,000

760,158

1,015,488

775,653

CURRENT ASSETS

Debtors

1,479

3,856

Prepayments and accrued income

3,792

3,865

Cash at bank

-

83,189

5,271

90,910

CREDITORS

Amounts falling due within one year

4

449,205

82,355

NET CURRENT (LIABILITIES)/ASSETS

(443,934

)

8,555

TOTAL ASSETS LESS CURRENT
LIABILITIES

571,554

784,208

CREDITORS

Amounts falling due after more than one
year

4

10,472

3,507

NET ASSETS

561,082

780,701

CAPITAL AND RESERVES

Called up share capital

5

1,000

Revaluation reserve

261,628

487,470

Profit and loss account

298,454

292,231

SHAREHOLDERS' FUNDS

561,082

780,701

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 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 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 Board of Directors on 12 September 2016 and were signed on
its behalf by:

N L Reevell - 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

Turnover represents property rents receivable.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Motor vehicles

-

20% on cost

Computer equipment

-

10% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from

changes in market value is transferred to a revaluation reserve.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those

held under finance leases are depreciated over their estimated useful lives or the lease term,

whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant

period. The capital element of the future payments is treated as a liability.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

33,117

Additions

34,130

Disposals

(30,000

)

At 31 December 2015

37,247

DEPRECIATION

At 1 January 2015

17,622

Charge for year

7,137

Eliminated on disposal

(17,000

)

At 31 December 2015

7,759

NET BOOK VALUE

At 31 December 2015

29,488

At 31 December 2014

15,495

3.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 January 2015

760,158

Revaluations

225,842

At 31 December 2015

986,000

NET BOOK VALUE

At 31 December 2015

986,000

At 31 December 2014

760,158

4.

CREDITORS

Creditors include an amount of £ 19,969 (2014 - £ 25,064 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

2,000

Ordinary

0.50

1,000