Burdalls Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 01335128 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2015

for

Burdalls Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mrs C E Baines

Mr M J Ireson

Mrs A M Ireson

Mr D J G Ireson

SECRETARY:

Mrs C E Baines

REGISTERED OFFICE:

30 Gay Street

Bath

Somerset

BA1 2PA

REGISTERED NUMBER:

01335128 (England and Wales)

ACCOUNTANTS:

Moore Stephens

Chartered Accountants

30 Gay Street

Bath

BA1 2PA

FIXED ASSETS

Investments

2

1,040

Investment property

3

1,287,370

1,130,501

1,288,410

1,131,541

CURRENT ASSETS

Debtors

4

22,449

240,600

Cash at bank

187,795

158,627

210,244

399,227

CREDITORS

Amounts falling due within one year

4,399

4,388

NET CURRENT ASSETS

205,845

394,839

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,494,255

1,526,380

CAPITAL AND RESERVES

Called up share capital

5

651

Revaluation reserve

48,000

Capital redemption reserve

349

Profit and loss account

1,445,255

1,477,380

SHAREHOLDERS' FUNDS

1,494,255

1,526,380

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 27 September 2016 and were signed
on its behalf by:

Mr D J G Ireson - 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 services, excluding value added tax.

Investment property

Investment properties are shown at their open market value. The surplus of deficit arising from the

revaluation is transferred to the investment revaluation reserve unless a deficit, or its reversal, on an

individual investment property is expected to be permanent, in which case it is recognised in the

profit and loss account for the year.

This is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008)

which, unlike the Companies Act 2006, does not require depreciation of investment properties.

Investment properties are held for their investment potential and not for use by the company and

so their current value is of prime importance. The departure from the provisions of the Act is

required in order to give a true and fair view.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to the profit and loss account in the period to which they

relate.

Consolidation

In the opinion of the directors, the company and its subsidiary undertakings comprise a small group.

The company has therefore taken advantage of the exemption provided by section 398 of the

Companies Act 2003 not to prepare group accounts.

Financial instruments

Financial Liabilities and equity instruments are classified according to the contractual arrangements

entered into. An equity instrument is any contract that evidences a residual interest in the assets of

the entity after deducting all of its financial liabilities.

When the contractual obligations of financial instruments (including share capital) are equivalent to

a similar debt instrument, those financial instruments are classed as financial liabilities. Financial

liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to

financial liabilities are included in the profit and loss account. Finance costs are calculated so as to

produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a

financial liability then this is classed as an equity instrument. Dividends and distributions relating to

equity instruments are debited direct to equity.

2.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 January 2015

and 31 December 2015

1,040

NET BOOK VALUE

At 31 December 2015

1,040

At 31 December 2014

1,040

3.	INVESTMENT PROPERTY

Total

£

COST

At 1 January 2015

1,130,501

Additions

156,869

At 31 December 2015

1,287,370

NET BOOK VALUE

At 31 December 2015

1,287,370

At 31 December 2014

1,130,501

4.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 22,401 (31.12.14 - £ 240,600

)

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

651

Ordinary

£1

651

6.	TRANSACTIONS WITH THE DIRECTORS

During the year D J G Ireson, a director of the company, provided property management and

surveying services to the company amounting to £51,949 (2014: £44,500). At the year end no

amounts (2014: £nil) were owed by the company to D J G Ireson.

Included within other debtors is an amount owed to the company by the director D J G Ireson of £48

(£2014: £9 owed by the company to the director). This loan is unsecured and interest free.