BJPC Limited - Period Ending 2016-03-31

Registration number: 04347727

BJPC Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016
 

BJPC Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

BJPC Limited
(Registration number: 04347727)
Abbreviated Balance Sheet at 31 March 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets		2			329,907			320,000
Current assets
Debtors					1,750			1,750
Cash at bank and in hand					9,095			10,065
					10,845			11,815
Creditors: Amounts falling due within one year					(128,390)			(127,818)
Net current liabilities					(117,545)			(116,003)
Total assets less current liabilities					212,362			203,997
Capital and reserves
Called up share capital		3			2			2
Revaluation reserve					152,594			152,594
Profit and loss account					59,766			51,401
Shareholders' funds					212,362			203,997

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 director acknowledges his 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 director on 24 October 2016

.........................................
B J Wicks
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

BJPC Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 rents receivable from tenants.

Asset class	Depreciation method and rate
Motor vehicle	25% reducing balance basis

Investment properties

Certain properties are held for long-term investment. Investment properties are accounted for in accordance with FRSSE (effective April 2008) as follows: No depreciation is provided in respect of investment properties and they are revalued annually. The surplus or deficit on revaluation is transferred to the revaluation reserve unless a deficit below original cost, 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.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2015		320,000			320,000
Additions		13,209			13,209
At 31 March 2016		333,209			333,209
Depreciation
Charge for the year		3,302			3,302
At 31 March 2016		3,302			3,302
Net book value
At 31 March 2016		329,907			329,907
At 31 March 2015		320,000			320,000

Page 2

BJPC Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		2			2			2			2

4

Control

The company is controlled by the director who has an interest in 100% of the called up share capital..

Page 3