Bluegate Housing Limited - Abbreviated accounts 16.3

Bluegate Housing Limited - Abbreviated accounts 16.3

BLUEGATE HOUSING LIMITED - Company Information

Print Friendly Version

06497782 1.3.15 29.2.16 29.2.16 Company accounts Private Limited Company FY true false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure064977822015-02-28064977822016-02-29064977822015-03-012016-02-29064977822014-02-28064977822014-03-012015-02-28064977822015-02-2806497782ns12:England2015-03-012016-02-2906497782ns14:PoundSterling2015-03-012016-02-2906497782ns7:Director12015-03-012016-02-2906497782ns7:OrdinaryShareClass12015-03-012016-02-2906497782ns7:CompanySecretary2015-03-012016-02-2906497782ns7:RegisteredOffice2015-03-012016-02-2906497782ns7:EntityAccountantsOrAuditors2015-03-012016-02-2906497782ns5:InvestmentProperties2016-02-2906497782ns5:InvestmentProperties2015-02-2806497782ns5:PlantMachinery2015-03-012016-02-2906497782ns5:InvestmentProperties2015-02-2806497782ns5:InvestmentProperties2015-03-012016-02-2906497782ns7:OrdinaryShareClass12016-02-2906497782ns7:OrdinaryShareClass12015-02-28
REGISTERED NUMBER: 06497782 (England and Wales)




















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 29 FEBRUARY 2016

FOR

BLUEGATE HOUSING LIMITED

BLUEGATE HOUSING LIMITED (REGISTERED NUMBER: 06497782)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 29 FEBRUARY 2016










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

BLUEGATE HOUSING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2016







DIRECTOR: B Blau





SECRETARY: Ms J Wilk





REGISTERED OFFICE: Foframe House
35-37 Brent Street
London
NW4 2EF





REGISTERED NUMBER: 06497782 (England and Wales)





ACCOUNTANTS: Melinek Fine LLP
Chartered Accountants
Foframe House
35-37 Brent Street
London
NW4 2EF
Page 1
BLUEGATE HOUSING LIMITED (REGISTERED NUMBER: 06497782)

ABBREVIATED BALANCE SHEET
29 FEBRUARY 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 - 699
Investment property 3 28,144,827 26,705,206
28,144,827 26,705,905

CURRENT ASSETS
Stocks 4,258,600 2,907,061
Debtors 145,449 127,635
Cash at bank 594,442 535,553
4,998,491 3,570,249
CREDITORS
Amounts falling due within one year 4 2,394,973 1,137,775
NET CURRENT ASSETS 2,603,518 2,432,474
TOTAL ASSETS LESS CURRENT
LIABILITIES
30,748,345
29,138,379

CREDITORS
Amounts falling due after more than one
year
4
16,716,573
15,419,480
NET ASSETS 14,031,772 13,718,899

CAPITAL AND RESERVES
Called up share capital 5 100 100
Revaluation reserve 11,825,265 11,825,265
Profit and loss account 2,206,407 1,893,534
SHAREHOLDERS' FUNDS 14,031,772 13,718,899

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 notes form part of these abbreviated accounts

Page 2 continued...
BLUEGATE HOUSING LIMITED (REGISTERED NUMBER: 06497782)

ABBREVIATED BALANCE SHEET - continued
29 FEBRUARY 2016


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 director on 23 November 2016 and were signed by:





B Blau - Director


The notes form part of these abbreviated accounts

Page 3
BLUEGATE HOUSING LIMITED (REGISTERED NUMBER: 06497782)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 29 FEBRUARY 2016


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
The whole of the turnover is attributable to the principal activity of the company, being the trading in residential
properties in the United Kingdom.

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

Plant and machinery etc - 25% on cost

Investment property
Investment property is shown at current open market value. Any aggregate surplus or deficit arising from
changes in market value is transferred to a revaluation reserve.

In accordance with the Financial Reporting Standard for Smaller Entities, no depreciation is provided in respect of
freehold or long leasehold investment properties. This is a departure from the Companies Act 2006, which
requires all properties to be depreciated. Such properties are not held for consumption, but for investment, and
the director considers that to depreciate them would not give a true and fair view. The director considers that this
policy results in the accounts giving a true and fair view.

Stocks
Stocks represent residential properties bought with the intention of selling them. Stocks are valued at the lower of
cost or net realisable value.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Acquisition and disposals of properties
Acquisition and disposals of the properties are considered to take place at the date of legal completion, and are
included in the Financial Statements accordingly.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 March 2015
and 29 February 2016 2,432
DEPRECIATION
At 1 March 2015 1,733
Charge for year 699
At 29 February 2016 2,432
NET BOOK VALUE
At 29 February 2016 -
At 28 February 2015 699

Page 4 continued...
BLUEGATE HOUSING LIMITED (REGISTERED NUMBER: 06497782)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2016


3. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 March 2015 26,705,206
Additions 1,439,621
At 29 February 2016 28,144,827
NET BOOK VALUE
At 29 February 2016 28,144,827
At 28 February 2015 26,705,206

4. CREDITORS

Creditors include an amount of £ 18,221,903 (2015 - £ 15,747,304 ) for which security has been given.

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
100 Ordinary £1 100 100

Page 5