BATH_(WALCOT)_LIMITED - Accounts

BATH (WALCOT) LIMITED - Company Information

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Company Registration No. 03390974 (England and Wales)

BATH (WALCOT) LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2016

BATH (WALCOT) LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

BATH (WALCOT) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

480,100

480,999

Current assets

Debtors

2,350

961

Cash at bank and in hand

16,788

15,245

19,138

16,206

Creditors: amounts falling due within one year

(464,139)

(444,293)

Net current liabilities

(445,001)

(428,087)

Total assets less current liabilities

35,099

52,912

Creditors: amounts falling due after more than one year

(66,480)

(77,015)

(31,381)

(24,103)

Capital and reserves

Called up share capital

100

Revaluation reserve

219,451

Profit and loss account

(250,932)

(243,654)

Shareholders' funds

(31,381)

(24,103)

For the financial year ended 30 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 1 March 2017

D T P Game

Director

Company Registration No. 03390974

BATH (WALCOT) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Turnover

Turnover represents amounts receivable for goods and services.

1.3

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Freehold

No depreciation is charged as property has a value at least equal to valuation.

Fixtures, fittings & equipment

15% per annum reducing balance method

1.4

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Fixed assets

Tangible assets

Cost or valuation

At 1 September 2015 & at 30 June 2016

514,532

Depreciation

At 1 September 2015

33,533

Charge for the year

899

At 30 June 2016

34,432

Net book value

At 30 June 2016

480,100

At 31 August 2015

480,999

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £14,760 (2015 - £14,760).

BATH (WALCOT) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2016

- 3 -

Creditors: amounts falling due after more than one year

2016

2015

Analysis of loans repayable in more than five years

Total amounts repayable by instalments which are due in more than five years

15,929

The aggregate amount of creditors for which security has been given amounted to £0 (2015 - £77,015).

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100