Abbreviated Company Accounts - BOSWORTH PROPERTIES LIMITED

BOSWORTH PROPERTIES LIMITED - Company Information

03469210 BOSWORTH PROPERTIES LIMITED 2016-08-31 false 2015-09-01 2016-08-31 true 03469210 2015-09-01 2016-08-31 03469210 2016-08-31 03469210 2015-08-31 03469210 uk-gaap-cd-bus:Director1 2015-09-01 2016-08-31 03469210 uk-gaap-cd-bus:Director2 2015-09-01 2016-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-09-01 2016-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-08-31 iso4217:GBP shares

Registered Number 03469210

BOSWORTH PROPERTIES LIMITED

Abbreviated Accounts

31 August 2016

BOSWORTH PROPERTIES LIMITED Registered Number 03469210

Abbreviated Balance Sheet as at 31 August 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	-	-
Investments	3	3,612,003	3,956,003
		3,612,003	3,956,003
Current assets
Stocks		115,500	67,689
Debtors		516,348	226,235
Cash at bank and in hand		75,034	-
		706,882	293,924
Creditors: amounts falling due within one year		(1,277,998)	(1,249,109)
Net current assets (liabilities)		(571,116)	(955,185)
Total assets less current liabilities		3,040,887	3,000,818
Creditors: amounts falling due after more than one year		(1,673,151)	(1,665,601)
Total net assets (liabilities)		1,367,736	1,335,217
Capital and reserves
Called up share capital	4	300	300
Revaluation reserve		1,127,950	1,127,950
Profit and loss account		239,486	206,967
Shareholders' funds		1,367,736	1,335,217

For the year ending 31 August 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 directors acknowledge their 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 Board on 30 May 2017

And signed on their behalf by:
Mr Robert Price, Director

BOSWORTH PROPERTIES LIMITED Registered Number 03469210

Notes to the Abbreviated Accounts for the period ended 31 August 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Furniture and fittings 20% straight line
Motor vehicles 25% straight line

Other accounting policies
Investment Property
Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and Cash Equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-terms highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks
Stock is valued at the lower of cost and net realisable value.

2Tangible fixed assets

	£
Cost
At 1 September 2015	114,915
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2016	114,915
Depreciation
At 1 September 2015	114,915
Charge for the year	-
On disposals	-
At 31 August 2016	114,915
Net book values
At 31 August 2016	0
At 31 August 2015	0

3Fixed assets Investments
Investment Property
At 1st September £3,964,003
Disposals -£352,000

At 31st August ££3,612,003

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
300 Ordinary shares of £1 each	300	300