Blagdon Road Developments Ltd - Accounts to registrar - small 16.3

REGISTERED NUMBER: 07264552 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2016

for

Blagdon Road Developments Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P Photiou

REGISTERED OFFICE:

67 Westow Street

Upper Norwood

London

SE19 3RW

REGISTERED NUMBER:

07264552 (England and Wales)

ACCOUNTANTS:

Thornton Springer LLP

Chartered Accountants

67 Westow Street

Upper Norwood

London

FIXED ASSETS

Investments

4

4

-

Investment property

5

735,000

735,000

735,004

735,000

CURRENT ASSETS

Debtors

6

26,809

16,120

CREDITORS

Amounts falling due within one year

7

(449,558

)

(11,346

)

NET CURRENT (LIABILITIES)/ASSETS

(422,749

)

4,774

TOTAL ASSETS LESS CURRENT LIABILITIES

312,255

739,774

CREDITORS

Amounts falling due after more than one year

8

-

(450,510

)

PROVISIONS FOR LIABILITIES

(47,157

)

(47,157

)

NET ASSETS

265,098

242,107

CAPITAL AND RESERVES

Called up share capital

100

100

Non-distributable reserves

188,627

188,627

Retained earnings

76,371

53,380

SHAREHOLDERS' FUNDS

265,098

242,107

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 6 February 2017 and were signed by:

P Photiou - Director

1.	STATUTORY INFORMATION

Blagdon Road Developments Ltd is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. These are the company's first financial statements prepared in accordance with FRS 102.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Investment property

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

fair value is recognised in profit or loss.

"No depreciation is provided for land and buildings as they are held as investment properties. This is a departure

from the Companies Act 2006 which requires all properties to be depreciated. However, this policy is in

accordance with the Financial Reporting Standards for Smaller Entities (effective April 2008) and is preferred by

the directors in order for the financial statements to give a true and fair view."

Deferred tax

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

sheet date where transactions or events that result in an obligation to pay more, or a right to pay less, tax in the

future have occurred at the balance sheet date.

This is subject to deferred tax assets only being recognised if it is considered more likely than not that there will

be suitable profits from which the future reversal of the underlying timing differences can be deducted.

Timing differences are differences arising between the Company's taxable profits and its results as stated in the

financial statements, which are capable of reversal in one or more subsequent periods.

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

Additions

4

At 31 May 2016

4

NET BOOK VALUE

At 31 May 2016

4

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 June 2015

and 31 May 2016

735,000

NET BOOK VALUE

At 31 May 2016

735,000

At 31 May 2015

735,000

Cost or valuation at 31 May 2016 is represented by:

£

Valuation in 2016

235,784

Cost

499,216

735,000

If investment properties had not been revalued they would have been included at the following historical cost:

31.5.16

31.5.15

£

£

Cost

499,216

499,216

Investment properties were valued on an open market basis on 31 May 2016 by the director .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.16

31.5.15

£

£

Other debtors

25,889

15,224

Prepayments

920

896

26,809

16,120

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.16

31.5.15

£

£

Payments on account

1,000

1,000

Trade creditors

-

5,820

Amounts owed to group undertakings

440,350

-

Tax

5,748

1,646

Other creditors

900

-

Accrued expenses

1,560

2,880

449,558

11,346

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.16

31.5.15

£

£

Amounts owed to group undertakings

-

450,510