Bansha (Uk) Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 03936922

Abbreviated Accounts for the Year Ended 31 March 2016

for

BANSHA (UK) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

P F McDonogh

Mrs R D McDonogh

T P McDonogh

S J McDonogh

K P McDonogh

SECRETARY:

K P McDonogh

REGISTERED OFFICE:

The Granary

Brewer Street

Bletchingley

Surrey

RH1 4QP

REGISTERED NUMBER:

03936922

ACCOUNTANTS:

Lees Chartered Accountants

The Granary

Brewer Street

Bletchingley

Surrey

RH1 4QP

FIXED ASSETS

Tangible assets

2

6,502,637

5,778,954

CURRENT ASSETS

Debtors

225,569

137,849

Cash at bank and in hand

38,952

41,137

264,521

178,986

CREDITORS

Amounts falling due within one year

3

3,608,664

3,496,118

NET CURRENT LIABILITIES

(3,344,143

)

(3,317,132

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,158,494

2,461,822

CREDITORS

Amounts falling due after more than one
year

3

1,713,506

1,114,725

NET ASSETS

1,444,988

1,347,097

CAPITAL AND RESERVES

Called up share capital

4

1,100

Revaluation reserve

692,989

692,570

Profit and loss account

750,899

653,427

SHAREHOLDERS' FUNDS

1,444,988

1,347,097

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 22 December 2016 and were signed on its behalf
by:

P.F. McDonogh - 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 rental income charged, excluding value added tax.

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

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

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 OR VALUATION

At 1 April 2015

5,815,870

Additions

864,862

Disposals

(140,965

)

At 31 March 2016

6,539,767

DEPRECIATION

At 1 April 2015

36,916

Charge for year

1,863

Eliminated on disposal

(1,649

)

At 31 March 2016

37,130

NET BOOK VALUE

At 31 March 2016

6,502,637

At 31 March 2015

5,778,954

3.

CREDITORS

Creditors include an amount of £ 1,676,962 (31.3.15 - £ 1,030,201 ) for which security has been given.

They also include the following debts falling due in more than five years:

31.3.16

31.3.15

£

Repayable otherwise than by instalments

322,332

Repayable by instalments

827,350

420,488

1,149,682

742,820

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

1,090

Ordinary

£1

1,090

10

Founder

£1

10

1,100

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The total director's current account balances of £3,477,043 as at 31 March 2016 are included within

Creditors:amounts falling due within one year.

The following loans were due to the directors during the year :

PFMcDonogh

RMcDonogh

TP
McDonogh

SJ
McDonogh

KP
McDonogh

Balance outstanding and due to
directors at 1st April 2015

1,143,841

101,973

719,843

723,438

720,054

Amounts Advanced by directors
during the year ended 31st March
2016

134,227

208

-

195

Repaid to the directors during the
year ended 31st March 2016

(59,615)

-

(7,121

)

1,218,453

102,181

719,843

723,438

713,128

The directors consider the loans to be repayable on demand, but they would not make such a demand as the

company would be short of liquid funds if it paid them.