Buchanan First Properties Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 03954492 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

Buchanan First Properties Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

D J Hilder

Miss S R Hilder

T P Hilder

SECRETARY:

T Hilder

REGISTERED OFFICE:

427 The Ridge

Hastings

East Sussex

TN34 2RT

REGISTERED NUMBER:

03954492 (England and Wales)

ACCOUNTANTS:

Sellens French

Chartered Accountants

91-97 Bohemia Road

St Leonards on Sea

East Sussex

TN37 6RJ

FIXED ASSETS

Investment property

2

1,606,607

CURRENT ASSETS

Debtors

25,094

24,064

Cash at bank and in hand

61,523

5,710

86,617

29,774

CREDITORS

Amounts falling due within one year

40,946

26,007

NET CURRENT ASSETS

45,671

3,767

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,652,278

1,610,374

CREDITORS

Amounts falling due after more than one
year

3

1,231,228

1,199,029

NET ASSETS

421,050

411,345

CAPITAL AND RESERVES

Called up share capital

4

1,000

2

Revaluation reserve

411,280

Profit and loss account

8,770

63

SHAREHOLDERS' FUNDS

421,050

411,345

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 6 September 2016 and were signed on its behalf
by:

D J Hilder - Director

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.

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.

2.	INVESTMENT PROPERTY

Total

£

COST

At 1 April 2015

and 31 March 2016

1,606,607

NET BOOK VALUE

At 31 March 2016

1,606,607

At 31 March 2015

1,606,607

3.

CREDITORS

Creditors include the following debts falling due in more than five years:

31.3.16

31.3.15

£

Repayable otherwise than by instalments

1,228,061

1,190,862

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

1,000

Ordinary

£1

1,000

2

998 Ordinary shares of £1 each were allotted and fully paid for cash at par during the year.