Brookavon Properties Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 00731264 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

BROOKAVON PROPERTIES LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J R Balson

Mrs J M Hulse

SECRETARY:

Mrs J M Hulse

REGISTERED OFFICE:

6 Marchwood Road

Southampton

Hampshire

SO15 8AN

REGISTERED NUMBER:

00731264 (England and Wales)

ACCOUNTANTS:

Chris Charlton Ltd

Chartered Accountants

1a Queensway

New Milton

Hampshire

BH25 5NN

FIXED ASSETS

Tangible assets

2

Investment property

3

240,000

200,000

240,002

200,002

CURRENT ASSETS

Debtors

358

311

Cash at bank and in hand

25,029

26,224

25,387

26,535

CREDITORS

Amounts falling due within one year

9,235

11,430

NET CURRENT ASSETS

16,152

15,105

TOTAL ASSETS LESS CURRENT
LIABILITIES

256,154

215,107

CAPITAL AND RESERVES

Called up share capital

4

100

Revaluation reserve

234,712

194,712

Profit and loss account

21,342

20,295

SHAREHOLDERS' FUNDS

256,154

215,107

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 24 September 2016 and were signed on
its behalf by:

Mrs J M Hulse - 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 the value of rents receivable in the period.

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

-

33% on cost

Investment property

In accordance with Statement of Standard Accounting Practice No.19 the company's properties held

for long term investment are included in the Balance Sheet at their open market values. The surpluses

on revaluation of such properties are transferred to the revaluation reserve. Depreciation is not

provided in respect of freehold investment properties. Leasehold investment properties are not

amortised where the unexpired term is over twenty years.

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 because current values and changes in current value are of

prime importance rather than calculation of systematic annual depreciation. Depreciation is only one

of many factors reflected in the valuation and the amount which may have been shown cannot be

separately identified or quantified.

Deferred tax

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

the balance sheet date where transactions or events have occurred at that date that will result in an

obligation to pay more tax, when in the opinion of the directors it is material and with the following

exceptions:

Deferred tax assets are recognised only to the extent that the directors consider that it is more likely

than not that there will be suitable taxable profits from which the future reversal of the underlying

timing differences can be deducted and any deferred tax liability in respect of the company's

investment property is recognised only when it is likely that the property will be sold in the near

future. Otherwise any liability is disclosed by way of a note.

Deferred tax is measured on an un-discounted basis at the tax rates that are expected to apply in the

periods in which timing differences reverse, based on tax rates and laws enacted or substantially

enacted at the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

1,718

DEPRECIATION

At 1 April 2015

and 31 March 2016

1,716

NET BOOK VALUE

At 31 March 2016

2

At 31 March 2015

2

3.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 April 2015

200,000

Revaluations

40,000

At 31 March 2016

240,000

NET BOOK VALUE

At 31 March 2016

240,000

At 31 March 2015

200,000

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1

100