The Bath House Commercial Limited - Abbreviated accounts 16.3
The Bath House Commercial Limited - Abbreviated accounts 16.3
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts for the Year Ended 31 July 2016 |
| for |
| The Bath House Commercial Limited |
| The Bath House Commercial Limited (Registered number: 09133474) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 31 July 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| The Bath House Commercial Limited |
| Company Information |
| for the Year Ended 31 July 2016 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| The Bath House Commercial Limited (Registered number: 09133474) |
| Abbreviated Balance Sheet |
| 31 July 2016 |
| 31.7.16 | 31.7.15 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investment property | 2 |
| CURRENT ASSETS |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| Revaluation reserve |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their 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 were approved by the Board of Directors on |
| The Bath House Commercial Limited (Registered number: 09133474) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 31 July 2016 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets and in |
| accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
| Turnover |
| Turnover represents rents receivable excluding value added tax. |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in market value is |
| transfered to a revaluation reserve. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| 2. | INVESTMENT PROPERTY |
| Total |
| £ |
| COST OR VALUATION |
| At 1 August 2015 |
| Revaluations |
| At 31 July 2016 |
| NET BOOK VALUE |
| At 31 July 2016 |
| At 31 July 2015 |
| In accordance with the FRSSE, depreciation has not been charged on investment property. This is a departure from the Companies Act, |
| but necessary to show a true and fair view. The standard depreciation treatment would not give a true and fair view as investment |
| property is unlikely to depreciate in value. |
| 3. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.7.16 | 31.7.15 |
| value: | £ | £ |
| ordinary | £1 |
| 4. | RELATED PARTY DISCLOSURES |
| Director and shareholder |
| This loan is interest free. |
| 31.7.16 | 31.7.15 |
| £ | £ |
| Amount due to related party at the balance sheet date |
| The Bath House Commercial Limited (Registered number: 09133474) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 July 2016 |
| 4. | RELATED PARTY DISCLOSURES - continued |
| Director and shareholder |
| This loan is interest free. |
| 31.7.16 | 31.7.15 |
| £ | £ |
| Amount due to related party at the balance sheet date |
| Director and shareholder |
| This loan is interest free. |
| During the year professional fees of £20,000 (2015 - £Nil) were paid to Brosaf Holdings Limited, a company in which Mr S Sheridan |
| is a director.This was carried out as an arms length transaction. |
| 31.7.16 | 31.7.15 |
| £ | £ |
| Amount due to related party at the balance sheet date |
| Waterside Commercial Limited |
| A company in which Mr S Goldstone and Mr S Brody are shareholders. |
| This loan is interest free. |
| 31.7.16 | 31.7.15 |
| £ | £ |
| Amount due to related party at the balance sheet date |
| 5. | ULTIMATE CONTROLLING PARTY |
| The company is controlled equally by all three directors through ownership of all issued share capital. |