Bardney Manor Properties Limited - Period Ending 2016-06-30

Registration number: 04471337

Bardney Manor Properties Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 June 2016
 

Saul Fairholm Limited
12 Tentercroft Street
Lincoln
LN5 7DB

Bardney Manor Properties Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Bardney Manor Properties Limited
(Registration number: 04471337)
Abbreviated Balance Sheet at 30 June 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets		2			50,227			15,542
Current assets
Stocks					47,586			-
Debtors					78,521			75,505
Cash at bank and in hand					14,398			3,971
					140,505			79,476
Creditors: Amounts falling due within one year					(119,721)			(24,584)
Net current assets					20,784			54,892
Total assets less current liabilities					71,011			70,434
Provisions for liabilities					(4,065)			(3,109)
Net assets					66,946			67,325
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					66,846			67,225
Shareholders' funds					66,946			67,325

For the year ending 30 June 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 27 March 2017

.........................................
Mr M J Browne
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Bardney Manor Properties Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Revenue represents the fair value of the consideration received or receivable for building services, net of discounts and sales taxes. Revenue is recognised when it is probable that the economic benefits associated with a transaction will flow to the Company and the amount of revenue and associated costs can be measured reliably.

Depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Asset class	Depreciation method and rate
Motor vehicles	25% reducing balance
Fixtures and fittings	15% reducing balance

Work in progress

Stocks are valued at the lower of cost and net realisable value, after making due allowances for obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

Bardney Manor Properties Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 July 2015		27,732			27,732
Additions		44,167			44,167
At 30 June 2016		71,899			71,899
Depreciation
At 1 July 2015		12,190			12,190
Charge for the year		9,482			9,482
At 30 June 2016		21,672			21,672
Net book value
At 30 June 2016		50,227			50,227
At 30 June 2015		15,542			15,542

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

Page 3