Brackens Elite Property Management Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 04479260 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2016

FOR

BRACKENS ELITE PROPERTY MANAGEMENT

LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr E J Lawley

Mrs M Lawley

SECRETARY:

Mr E J Lawley

REGISTERED OFFICE:

c/o Michael Filiou Plc

Salisbury House

81 High Street

Potters Bar

Hertfordshire

EN6 5AS

REGISTERED NUMBER:

04479260 (England and Wales)

ACCOUNTANTS:

Michael Filiou Plc

Chartered Certified Accountants

www.michaelfiliou.com

Salisbury House

81 High Street

Potters Bar

Hertfordshire

EN6 5AS

FIXED ASSETS

Tangible assets

2

1,168

1,557

Investment property

3

116,340

116,340

117,508

117,897

CURRENT ASSETS

Stocks

1,565,373

1,361,263

Debtors

2,905

2,536

Cash at bank

2,455

3,387

1,570,733

1,367,186

CREDITORS

Amounts falling due within one year

193,094

158,210

NET CURRENT ASSETS

1,377,639

1,208,976

TOTAL ASSETS LESS CURRENT LIABILITIES

1,495,147

1,326,873

CREDITORS

Amounts falling due after more than one year

1,488,787

1,279,787

NET ASSETS

6,360

47,086

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

6,358

47,084

SHAREHOLDERS' FUNDS

6,360

47,086

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 16 November 2016 and were signed on its behalf by:

Mr E J Lawley - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention 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.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

market value is transferred to a revaluation reserve.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2015

and 31 July 2016

2,077

DEPRECIATION

At 1 August 2015

520

Charge for year

389

At 31 July 2016

909

NET BOOK VALUE

At 31 July 2016

1,168

At 31 July 2015

1,557

3.	INVESTMENT PROPERTY

Total

£

COST

At 1 August 2015

and 31 July 2016

116,340

NET BOOK VALUE

At 31 July 2016

116,340

At 31 July 2015

116,340

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

2

Ordinary

£1

2

2

5.	RELATED PARTY DISCLOSURES