Abbreviated Company Accounts - BROOKBOURNE INVESTMENTS CO LIMITED

Abbreviated Company Accounts - BROOKBOURNE INVESTMENTS CO LIMITED

BROOKBOURNE INVESTMENTS CO LIMITED - Company Information

Print Friendly Version

Registered Number 00682169

BROOKBOURNE INVESTMENTS CO LIMITED

Abbreviated Accounts

31 March 2016

BROOKBOURNE INVESTMENTS CO LIMITED Registered Number 00682169

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 81,998 81,998
81,998 81,998
Current assets
Debtors 826,360 831,342
Cash at bank and in hand 38,493 13,683
864,853 845,025
Creditors: amounts falling due within one year (634,126) (610,149)
Net current assets (liabilities) 230,727 234,876
Total assets less current liabilities 312,725 316,874
Total net assets (liabilities) 312,725 316,874
Capital and reserves
Called up share capital 3 500 500
Other reserves 36,042 36,042
Profit and loss account 276,183 280,332
Shareholders' funds 312,725 316,874
  • For the year ending 31 March 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 21 September 2016

And signed on their behalf by:
HEINRICH FELDMAN, Director

BROOKBOURNE INVESTMENTS CO LIMITED Registered Number 00682169

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover of the company consists solely of rent and other charges receivable.

Other accounting policies
Investment properties

The company's freehold property is included in the Balance Sheet at historical cost. This is not in accordance with the requirements of Statement of Standard Accounting Practise No.19 which requires such properties to be stated at their open market value.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of 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.

Where 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.

2Tangible fixed assets
£
Cost
At 1 April 2015 81,998
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2016 81,998
Depreciation
At 1 April 2015 -
Charge for the year -
On disposals -
At 31 March 2016 -
Net book values
At 31 March 2016 81,998
At 31 March 2015 81,998

All fixed assets are initially recorded at cost.

3Called Up Share Capital
Allotted, called up and fully paid:
2016
£		 2015
£
500 Ordinary shares of £1 each 500 500