BBD Developments Limited - Accounts to registrar - small 16.3d
BBD Developments Limited - Accounts to registrar - small 16.3d
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2016 |
| FOR |
| BBD DEVELOPMENTS LIMITED |
| BBD DEVELOPMENTS LIMITED (REGISTERED NUMBER: 06264772) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2016 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| BBD DEVELOPMENTS LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 MARCH 2016 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 63 High Street |
| Hurstpierpoint |
| West Sussex |
| BN6 9RE |
| BBD DEVELOPMENTS LIMITED (REGISTERED NUMBER: 06264772) |
| BALANCE SHEET |
| 31 MARCH 2016 |
| 31.3.16 | 31.3.15 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 4 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
| CREDITORS |
| Amounts falling due after more than one year |
6 |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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. |
| BBD DEVELOPMENTS LIMITED (REGISTERED NUMBER: 06264772) |
| BALANCE SHEET - continued |
| 31 MARCH 2016 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the director on |
| BBD DEVELOPMENTS LIMITED (REGISTERED NUMBER: 06264772) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2016 |
| 1. | STATUTORY INFORMATION |
| BBD Developments Limited is a |
| company's registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| These accounts have been prepared on a going concern basis. The company continues to be supported by its |
| Directors and investors and is able to meet its day to day commitments. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
| value added tax and other sales taxes. |
| Tangible fixed assets |
| Plant and machinery etc | - | 33% on cost |
| Stocks |
| Work in progress is valued at the lower of cost and net realisable value. |
| Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
| balance sheet date. |
| 3. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1 April 2015 |
| and 31 March 2016 |
| DEPRECIATION |
| At 1 April 2015 |
| Charge for year |
| At 31 March 2016 |
| NET BOOK VALUE |
| At 31 March 2016 |
| At 31 March 2015 |
| BBD DEVELOPMENTS LIMITED (REGISTERED NUMBER: 06264772) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2016 |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.16 | 31.3.15 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.16 | 31.3.15 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.3.16 | 31.3.15 |
| £ | £ |
| Bank loans |
| Other creditors |
| 7. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 31.3.16 | 31.3.15 |
| £ | £ |
| Bank loans |
| Other loans |
| The balance outstanding to Haydock Finance amounts to £88,000 (2015 : £98,000) which is an interest free |
| loan repayable over 5 years. |
| The liability is secured by the directors personal guarantee. |
| A mortgage has been recorded over flat 6 in favour of Birmingham Midshires Building Society. The mortgage |
| outstanding amount to £73,959 against a valuation of £110,000. The mortgage is interest only. |
| The mortgage over Flat 1 was repaid during the year. |
| On 1 March 2010 a legal charge was granted in favour of Mobile Health Systems Limited as security for a loan |
| made by them. The legal charge was granted over the Freehold Property at 28/29 New Road, Hellingly for |
| £150,000. At 31 March 2016 the amount outstanding to Mobile Health Systems Limited amounted to £152,000 |
| (2015 : £152,000). |
| An interest only loan was taken out with Shawbrook Finance in 2012 amounting to £178,937. The loan is for 5 |
| years and is secured over flats 2 and 4. The interest rate will be LIBOR plus a margin of 4.95%. |
| BBD DEVELOPMENTS LIMITED (REGISTERED NUMBER: 06264772) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2016 |
| 8. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 31 March 2016 and |
| 31 March 2015: |
| 31.3.16 | 31.3.15 |
| £ | £ |
| Balance outstanding at start of year | ( |
) | ( |
) |
| Amounts advanced | ( |
) |
| Amounts repaid | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year | ( |
) | ( |
) |
| The company pays a nominal sum to AHB Dalby for use of home as office amounting to £250 (2015 : £250). |
| 9. | ULTIMATE CONTROLLING PARTY |
| The controlling party is A H B Dalby TD, FCA. |