Brookdale Enterprises Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 03475660 (England and Wales)

BROOKDALE ENTERPRISES LIMITED

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MAY 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

C A Burton

SECRETARY:

Mrs B J Burton

REGISTERED OFFICE:

Mount Manor House

16 The Mount

Guildford

Surrey

GU2 4HN

REGISTERED NUMBER:

03475660 (England and Wales)

FIXED ASSETS

Tangible assets

2

200,000

CURRENT ASSETS

Stocks

1,529,069

Debtors

901

-

Cash at bank

61,374

48,439

1,591,344

1,577,508

CREDITORS

Amounts falling due within one year

(91,913

)

(109,928

)

NET CURRENT ASSETS

1,499,431

1,467,580

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,699,431

1,667,580

CREDITORS

Amounts falling due after more than one
year

3

(1,725,441

)

(1,725,441

)

NET LIABILITIES

(26,010

)

(57,861

)

CAPITAL AND RESERVES

Called up share capital

4

2

Revaluation reserve

118,063

Profit and loss account

(144,075

)

(175,926

)

SHAREHOLDERS' FUNDS

(26,010

)

(57,861

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2016 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 27 February 2017 and were signed by:

C A Burton - Director

1.	ACCOUNTING POLICIES

Accounting convention

These financial statements have been prepared in accordance with the Financial Reporting Standard

for Smaller Entities (effective January 2015) and the Companies Act 2006. The financial statements

have been prepared under the historical cost convention as modified by the revaluation of certain

assets.

Basis of preparing the financial statements

At the balance sheet date the company has net liabilities of £56,583 (2015 - £57,861). The ability of the

company to continue trading is dependent on the continued support of its bankers and directors.

There is no reason to believe that the creditors will not continue to provide the support and on this

basis the directors consider it appropriate to prepare the financial statements on the going concern

basis.

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company

qualifies as a small company.

Turnover

Turnover represents rental income, which is recognised in the financial statements in the period to

which it relates.

Tangible fixed assets

The company's properties are held for long-term investment and are included in the Balance Sheet at

their open market values. The surplus or deficit on annual revaluation of such properties are

transferred to the property revaluation reserve. Depreciation is not provided in respect of freehold

properties.

No depreciation is provided on freehold properties which is a departure from the requirements of the

Companies Act 2006. In the opinion of the director these properties are held primarily for their

investment potential and so their current value is of more significance than any measure of

consumption and to depreciate them would not give a true and fair view. The provisions of the FRSSE

(effective April 2008) in respect of freehold properties have therefore been adopted in order to give a

true and fair view. If this departure from the Act had not been made, the profit for the year would have

been reduced by depreciation. However, the amount of depreciation cannot be reasonably quantified

and the amount which might otherwise have been shown cannot be separately identified or quantified.

Stocks

Stocks comprise properties held for sale and are valued at the lower of cost or net realisable value,

after making due allowance for diminution in value.

Taxation

Current tax is the expected tax payable on the taxable profit for the year, using tax rates enacted or

substantively enacted at the balance sheet date, and any adjustment to tax payable in respect of

previous years.

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

the balance sheet date. The provision is calculated at the prevailing tax rate when the differences are

expect to reverse.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 June 2015

and 31 May 2016

200,000

NET BOOK VALUE

At 31 May 2016

200,000

At 31 May 2015

200,000

3.

CREDITORS

Creditors include an amount of £ 1,725,441 (2015 - £ 1,725,441 ) for which security has been given.

They also include the following debts falling due in more than five years:

2016

2015

£

Repayable otherwise than by instalments

1,725,441

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

2

Ordinary

£1

2