BRM Management Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 02043576 (England and Wales)

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2016

FOR

BRM MANAGEMENT LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

J H Bowness

REGISTERED OFFICE:

Grive House

45 Walton Street

WALTON ON THE HILL

Surrey

KT20 7RR

REGISTERED NUMBER:

02043576 (England and Wales)

ACCOUNTANTS:

McKenzies

Chartered Accountants

2 Station Road West

Oxted

Surrey

RH8 9EP

FIXED ASSETS

Tangible assets

2

2,621,787

2,625,409

CURRENT ASSETS

Debtors

75,301

57,844

Cash at bank

9,645

14,037

84,946

71,881

CREDITORS

Amounts falling due within one year

25,217

9,361

NET CURRENT ASSETS

59,729

62,520

TOTAL ASSETS LESS CURRENT LIABILITIES

2,681,516

2,687,929

CREDITORS

Amounts falling due after more than one year

3

(1,138,102

)

(1,136,800

)

PROVISIONS FOR LIABILITIES

(152

)

(152

)

NET ASSETS

1,543,262

1,550,977

CAPITAL AND RESERVES

Called up share capital

4

1,000

1,000

Revaluation reserve

1,509,717

1,509,717

Profit and loss account

32,545

40,260

SHAREHOLDERS' FUNDS

1,543,262

1,550,977

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 12 January 2017 and were signed by:

J H Bowness - 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 amounts receivable for services net of value added tax.

Tangible fixed assets

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

Land and buildings

-

2% on cost

Plant and machinery etc

-

20% on cost and 15% on reducing balance

Deferred tax

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

balance sheet date.

Investment properties

The investment properties are revalued annually to open market value and no depreciation is provided. The

directors consider this accounting policy results in the financial statements giving a true and fair view. The effect

of this departure from the Companies Act 2006 has not been quantified because it is impracticable and, in the

opinion of the directors, would be misleading.

The aggregate surplus or deficit arising on revaluation is transferred to the revaluation reserve except where a

deficit is deemed to represent a permanent diminution in value, in which case it is charged to the profit and loss

account.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 October 2015

and 30 September 2016

2,722,209

DEPRECIATION

At 1 October 2015

96,800

Charge for year

3,622

At 30 September 2016

100,422

NET BOOK VALUE

At 30 September 2016

2,621,787

At 30 September 2015

2,625,409

3.

CREDITORS

Creditors include an amount of £ 1,138,102 (2015 - £ 1,136,800 ) for which security has been given.

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

2016

2015

£

£

Repayable by instalments

1,138,102

1,136,800

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

1,000

Ordinary

£1

1,000

1,000

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2016 and

30 September 2015:

2016

2015

£

£

J H Bowness

Balance outstanding at start of year

30,782

30,726

Amounts advanced

3,988

10,363

Amounts repaid

-

(10,307

)

Balance outstanding at end of year

34,770

30,782

6.

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