Big Padlock Group Limited - Limited company accounts 16.3

REGISTERED NUMBER: 02265680 (England and Wales)

Report of the Director and

Unaudited Financial Statements for the Year Ended 30 June 2016

for

Big Padlock Group Limited

Page

Company Information

1

Report of the Director

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTOR:

A G Fernback

SECRETARY:

S Jones

REGISTERED OFFICE:

20 Park Avenue

Farnborough Park

Orpington

Kent

BR6 8LL

REGISTERED NUMBER:

02265680 (England and Wales)

The director presents his report with the financial statements of the company for the year ended 30 June 2016.

DIRECTOR

A G Fernback held office during the whole of the period from 1 July 2015 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small

companies.

ON BEHALF OF THE BOARD:

A G Fernback - Director

30 March 2017

TURNOVER

85,079

65,725

Cost of sales

45,215

106,311

GROSS PROFIT/(LOSS)

39,864

(40,586

)

Administrative expenses

12,934

13,134

OPERATING PROFIT/(LOSS)

2

26,930

(53,720

)

Interest receivable and similar income

535

-

27,465

(53,720

)

Interest payable and similar charges

4,890

-

PROFIT/(LOSS) ON ORDINARY
ACTIVITIES BEFORE TAXATION

22,575

(53,720

)

Tax on profit/(loss) on ordinary activities

3

-

PROFIT/(LOSS) FOR THE FINANCIAL
YEAR

22,575

(53,720

)

FIXED ASSETS

Tangible assets

4

750,000

755,000

Investments

5

3,000

753,000

758,000

CURRENT ASSETS

Debtors

6

71,898

91,131

Prepayments and accrued income

41,221

-

Cash at bank

1,262

627

114,381

91,758

CREDITORS

Amounts falling due within one year

7

661,290

661,242

NET CURRENT LIABILITIES

(546,909

)

(569,484

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

206,091

188,516

CAPITAL AND RESERVES

Called up share capital

8

4,000

Share premium

9

94,007

Revaluation reserve

9

174,423

179,423

Profit and loss account

9

(66,339

)

(88,914

)

SHAREHOLDERS' FUNDS

206,091

188,516

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The financial statements were approved by the director on 30 March 2017 and were signed by:

A G Fernback - Director

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 net invoiced sales of goods, excluding value added tax.

2.	OPERATING PROFIT/(LOSS)

The operating profit (2015 - operating loss) is stated after charging:

30.6.16

30.6.15

£

Director's remuneration and other benefits etc

-

3.

TAXATION

Analysis of the tax charge

No liability to UK corporation tax arose on ordinary activities for the year ended 30 June 2016 nor for the year

ended 30 June 2015.

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST OR VALUATION

At 1 July 2015

755,000

Impairments

(5,000

)

At 30 June 2016

750,000

NET BOOK VALUE

At 30 June 2016

750,000

At 30 June 2015

755,000

Cost or valuation at 30 June 2016 is represented by:

Land and

buildings

£

Valuation in 2014

575,577

Valuation in 2015

179,423

Valuation in 2016

(5,000

)

750,000

5.	FIXED ASSET INVESTMENTS

Unlisted

investments

£

COST

At 1 July 2015

and 30 June 2016

3,000

NET BOOK VALUE

At 30 June 2016

3,000

At 30 June 2015

3,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.16

30.6.15

£

Trade debtors

465

2,237

Amounts owed by associates

-

68,700

Amount owed by related parties

71,088

-

VAT

345

-

Prepayments and accrued income

-

20,194

71,898

91,131

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.16

30.6.15

£

Trade creditors

59,439

66,755

VAT

2,149

(759

)

Amount owed to related parties

588,318

589,068

Tenant Deposits

2,421

2,497

Accruals and deferred income

8,963

3,681

661,290

661,242

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.16

30.6.15

value:

£

40,000

Ordinary

0.10

4,000

9.

RESERVES

Profit

and loss

Share

Revaluation

account

premium

reserve

Totals

£

At 1 July 2015

(88,914

)

94,007

179,423

184,516

Profit for the year

22,575

Reval reserve of FA in period

-

(5,000

)

(5,000

)

At 30 June 2016

(66,339

)

94,007

174,423

202,091

10.	RELATED PARTY DISCLOSURES

At the year end the company was owed the following amounts from companies which the director has a

controlling interest in:

Company

2016

2015

Centaur Property Investments Limited

68,288

58,700

Centaur Property Company Ltd

2,800

-

At the year end the company owed the following amounts to companies which the director has a participating

interest in:

Company

2016

2015

Centaur Property Group Limited

555,968

573,968

Centaur Property Estates Limited

19,500

3,300

Alan Fernback

£5,400

5,400

Barclay Property Trading LLP

2,450

-

Spedho Limited

2,400

(10,000

)

Knowlwood Trading LLP

2,300

6,600

Big Padlock Ayr

300

-

The loans have no fixed repayment term and are not payable on demand.