Company Registration No. 1537707 (England and Wales)
BSRC (Holdings) Limited
Abbreviated unaudited accounts
for the year ended 30 September 2016
BSRC (Holdings) Limited
Abbreviated Balance Sheet
as at 30 September 2016
Tangible assets
1,400,000
1,265,000
Cash at bank and in hand
24,180
41,663
Creditors: amounts falling due within one year
(33,712)
(44,903)
Net current liabilities
(8,884)
(2,904)
Net assets
1,391,116
1,262,096
Called up share capital
54,000
54,000
Revaluation reserve
534,816
399,816
Profit and loss account
802,300
808,280
Total shareholders' funds
1,391,116
1,262,096
For the year ending 30 September 2016 the company was entitled to exemption from audit 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Approved by the board on 3 February 2017
A C Smith
Director
Company Registration No. 1537707
BSRC (Holdings) Limited
Notes to the Abbreviated Accounts
for the year ended 30 September 2016
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirement to prepare such a statement under the Financial Reporting Standard for Smaller Entities (effective April 2008).
Tangible fixed assets policy
No depreciation is provided on investment properties, which is a departure from the requirements of the Companies Act 2006. In the opinion of the directors these properties are held primarily for their investment potential and so their current value is of more significance then any measure of consumption and to depreciate them would not give a true and fair view. The provisions of the FRSSE in respect of investment properties have therefore been adopted in order to give a true and fair view. If this departure from the Companies Act 2006 had not been made, the Profit & Loss account for the year would have been reduced by depreciation, however the amount of depreciation cannot be quantified.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
At 1 October 2015
1,265,000
At 30 September 2016
1,400,000
At 30 September 2016
1,400,000
At 30 September 2015
1,265,000
Allotted, called up and fully paid:
54,000 Ordinary shares of £1 each
54,000
54,000
