Abbreviated Company Accounts - BRECKNOCK DEVELOPMENTS LTD

BRECKNOCK DEVELOPMENTS LTD - Company Information

Registered Number 07500505

BRECKNOCK DEVELOPMENTS LTD

Abbreviated Accounts

31 March 2016

BRECKNOCK DEVELOPMENTS LTD Registered Number 07500505

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	169,295	169,295
		169,295	169,295
Current assets
Debtors		138,853	431,315
Cash at bank and in hand		2,793	328
		141,646	431,643
Creditors: amounts falling due within one year		(233,175)	(517,261)
Net current assets (liabilities)		(91,529)	(85,618)
Total assets less current liabilities		77,766	83,677
Total net assets (liabilities)		77,766	83,677
Capital and reserves
Called up share capital		100	100
Profit and loss account		77,666	83,577
Shareholders' funds		77,766	83,677

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 directors acknowledge their 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 Board on 29 December 2016

And signed on their behalf by:
Mr M L Waldman, Director

BRECKNOCK DEVELOPMENTS LTD Registered Number 07500505

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective January 2015.

Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

Turnover policy
Turnover represents amounts received for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets include investment properties valued by the Directors on an existing use open market value basis. Other tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life.

2Tangible fixed assets

	£
Cost
At 1 April 2015	169,295
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	169,295
Depreciation
At 1 April 2015	0
Charge for the year	-
On disposals	-
At 31 March 2016	0
Net book values
At 31 March 2016	169,295
At 31 March 2015	169,295