Birchanger Investment Company Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 00712885

BIRCHANGER INVESTMENT COMPANY LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 5 APRIL 2016

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

3

FIXED ASSETS

Tangible assets

2

3,055

4,072

Investment property

3

1,702,938

1,705,993

1,707,010

CURRENT ASSETS

Debtors

95,997

84,239

Cash at bank

141,273

144,144

237,270

228,383

CREDITORS

Amounts falling due within one year

59,611

45,184

NET CURRENT ASSETS

177,659

183,199

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,883,652

1,890,209

PROVISIONS FOR LIABILITIES

303

-

NET ASSETS

1,883,349

1,890,209

CAPITAL AND RESERVES

Called up share capital

4

49,800

Revaluation reserve

1,427,997

Profit and loss account

405,552

412,412

SHAREHOLDERS' FUNDS

1,883,349

1,890,209

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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 5 September 2016 and were signed on its behalf
by:

Mrs J Laffan - 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).

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Investment property

Investment properties are shown at market value in accordance with Statement of Standard Accounting

Practice No. 19, which requires the company's properties which are held for long-term investment to be

included in the Balance Sheet at their open market values.

Depreciation is not provided in respect of investment properties. This policy represents a departure from

statutory accounting principles, which require depreciation to be provided on all fixed assets. The directors

consider that this policy is necessary in order that the Accounts may give a true and fair view.

Deferred tax

The charge for taxation takes into account taxation deferred as a result of timing differences between the

treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in

respect of all timing differences that have originated but not reversed at the balance sheet date. However,

deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not

that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred taxation is measured on a non-discounted basis at the average tax rates that would apply when the

timing differences are expected to reverse, based on tax rates and laws that have been enacted by the balance

sheet date.

Turnover

Turnover represents the rental income received from its investment properties.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 6 April 2015

and 5 April 2016

35,264

DEPRECIATION

At 6 April 2015

31,192

Charge for year

1,017

At 5 April 2016

32,209

NET BOOK VALUE

At 5 April 2016

3,055

At 5 April 2015

4,072

3.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 6 April 2015

and 5 April 2016

1,702,938

NET BOOK VALUE

At 5 April 2016

1,702,938

At 5 April 2015

1,702,938

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

5/4/16

5/4/15

value:

£

49,800

Ordinary

£1

49,800