Boundary Group (Properties) Limited - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 03998171

Unaudited Financial Statements for the Year Ended 31 December 2016

for

Boundary Group (Properties) Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R Rimmer

S Rimmer

J Rimmer

SECRETARY:

R Rimmer

REGISTERED OFFICE:

Hammond Road

Knowsley Industrial Park North

Liverpool

L33 7UL

REGISTERED NUMBER:

03998171

ACCOUNTANTS:

Haines Watts

3rd Floor Pacific Chambers

11-13 Victoria Street

Liverpool

Merseyside

L2 5QQ

FIXED ASSETS

Tangible assets

3

134,621

997,458

Investment property

4

1,060,500

114,500

1,195,121

1,111,958

CURRENT ASSETS

Debtors

100,307

118,307

Cash at bank and in hand

2,010

4,090

102,317

122,397

CREDITORS

Amounts falling due within one year

745,842

767,522

NET CURRENT LIABILITIES

(643,525

)

(645,125

)

TOTAL ASSETS LESS CURRENT LIABILITIES

551,596

466,833

CREDITORS

Amounts falling due after more than one year

5

224,083

230,141

NET ASSETS

327,513

236,692

CAPITAL AND RESERVES

Called up share capital

112

112

Share premium

55,908

55,908

Revaluation reserve

6

-

112,265

Retained earnings

271,493

68,407

SHAREHOLDERS' FUNDS

327,513

236,692

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2016 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 21 June 2017 and were signed on its behalf by:

R Rimmer - Director

1.	STATUTORY INFORMATION

Boundary Group (Properties) Limited is a private company, limited by shares , registered in Not specified/Other.

The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets

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

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2016

997,458

Additions

8,163

Reclassification/transfer

(871,000

)

At 31 December 2016

134,621

NET BOOK VALUE

At 31 December 2016

134,621

At 31 December 2015

997,458

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2016

114,500

Reclassification/transfer

946,000

At 31 December 2016

1,060,500

NET BOOK VALUE

At 31 December 2016

1,060,500

At 31 December 2015

114,500

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

31.12.16

31.12.15

£

£

Repayable by instalments

Other loans more 5yrs instal

166,564

172,622

6.

RESERVES

Revaluation

reserve

£

At 1 January 2016

112,265

No description

(112,265

)

At 31 December 2016

-