Accounts filed on 31-05-2016

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			Company registration number:04775844
		BRITISH CANADIAN INTERNATIONAL EDUCATION LIMITED
			ABBREVIATED FINANCIAL STATEMENTS
			FOR THE YEAR ENDED 31 May 2016

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BRITISH CANADIAN INTERNATIONAL EDUCATION LIMITED
BALANCE SHEET
AS AT 31 May 2016
			2016				2015
		Notes	£		£		£		£
FIXED ASSETS
Investments					352,500				352,500
					352,500				352,500
CURRENT ASSETS
Debtors			21,350				21,050
Cash at bank and in hand			46,409				37,696
			67,759				58,746
CREDITORS
Amounts falling due within one year			(140,556)				(135,255)
NET CURRENT ASSETS					(72,797)				(76,509)
TOTAL ASSETS LESS
CURRENT LIABILITIES					279,703				275,991
Creditors falling due after one year					(193,656)				(208,682)
NET ASSETS					86,047				67,309
CAPITAL AND RESERVES
Called-up equity share capital		3			2				2
Profit and loss account					86,045				67,307
SHAREHOLDERS FUNDS					86,047				67,309
For the year ending 31 May 2016 the company was entitled to exemption 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 the accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
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C R Dedynski
28 February 2017
The annexed notes form part of these financial statements.

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BRITISH CANADIAN INTERNATIONAL EDUCATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2016

1.

Accounting policies

Basis of preparing the financial statements

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

Turnover represents income receivable from rental property and management fees provided in the period, exclusive of Value Added Tax.

Investments

Investment properties are included in the balance sheet at their open market value, and are not depreciated. Although this accounting policy is in accordance with SSAP 19 'Accounting for Investment Properties', it is a departure from the general requirements of the Companies Act 2006 for all fixed assets with a finite life to be depreciated. In the opinion of the directors compliance with the accounting standard is necessary for the financial statements to give a true and fair view because the properties are held for investment rather than consumption , and therefore systematic annual depreciation

Deferred taxation

Deferred tax assets and liabilities have arisen from timing differences between the recognition of gains and losses in the financial statements and their recognition in a tax computation. Full provision is made for all liabilities, and provision is made for assets to the extent that they are considered more likely than not to be recoverable in the foreseeable future. Provision is made using tax rates that are expected to apply in the periods in which the timing differences are expected to reverse, based upon rates enacted at the balance sheet date.

2.

Creditors

Of the creditors due within one year £ 12,543 (2015 £11,529) is secured

Of the creditors due after more than one year £ 193,656 (2015 £208,682) is secured.

3.	Share capital				Allotted, issued and fully paid
					2016	2015
					£	£
	Ordinary shares of £1 each				2	2
	Total issued share capital				2	2
4.	Ultimate controlling party
	There is no ultimate controlling party.