The Buy to Let Business Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 05695802 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 28 February 2014

for

The Buy to Let Business Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

C Y Tan

SECRETARY:

Mrs S Tan

REGISTERED OFFICE:

Suite 1.1

Coliseum Building

Riverside Way

Camberley

Surrey

GU15 3YL

REGISTERED NUMBER:

05695802 (England and Wales)

ACCOUNTANTS:

Indigo Tax and Accountancy Limited

The Barn

Brighton Road

Lower Beeding

Horsham

West Sussex

RH13 6PT

FIXED ASSETS

Intangible assets

2

21,400

32,100

Tangible assets

3

9,360

15,342

30,760

47,442

CURRENT ASSETS

Debtors

(6,188

)

6,134

Prepayments and accrued income

4,649

664

Cash at bank

302,946

250,315

301,407

257,113

CREDITORS

Amounts falling due within one year

136,768

175,383

NET CURRENT ASSETS

164,639

81,730

TOTAL ASSETS LESS CURRENT LIABILITIES

195,399

129,172

CAPITAL AND RESERVES

Called up share capital

4

20

2

Capital redemption reserve

2

2

Profit and loss account

195,377

129,168

SHAREHOLDERS' FUNDS

195,399

129,172

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2014 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 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 director on 19 March 2014 and were signed by:

C Y Tan - 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 April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax. From 1.3.2010 Proc fees have been

recognised when received rather than on the basis of when the work was performed less cancellation accrual as it

was felt that his was a more realistic reflection of actual revenue.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of five years.

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 etc

-

Straight line over 4 years

Deferred tax

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

sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2013

and 28 February 2014

83,500

AMORTISATION

At 1 March 2013

51,400

Amortisation for year

10,700

At 28 February 2014

62,100

NET BOOK VALUE

At 28 February 2014

21,400

At 28 February 2013

32,100

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2013

62,001

Additions

2,559

At 28 February 2014

64,560

DEPRECIATION

At 1 March 2013

46,659

Charge for year

8,541

At 28 February 2014

55,200

NET BOOK VALUE

At 28 February 2014

9,360

At 28 February 2013

15,342

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

10

Ordinary

£1

10

1

(2013 - 1 )

10

Ordinary B

£1

10

1

(2013 - 1 )

20

2

The following shares were issued during the year for cash at par :

9 Ordinary shares of £1

9 Ordinary B shares of £1

5.	ULTIMATE CONTROLLING PARTY

The company was under the sole control of Mr Tan since 17 June 2011. Mr Tan was a director throughout the

period.