Accounts filed on 30-09-2016
Accounts filed on 30-09-2016
trueBHACHU PROPERTIES LTD048935712016-09-30-24279-11073-24278-1107211-24278-110722600000235722-11072-21965-18199219652770109502095022576877127525060002524371127Basis of accounting
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.
In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over
the useful economic life of that asset as follows:
Goodwill-5% per annum on a straight line basis
Investment properties
Investment properties are shown at their open market value. The surplus or deficit arising from
the annual revaluation is transferred to the investment revaluation reserve unless a deficit, or
its reversal, on an individual investment property is expected to be permanent, in which case it
is recognised in the profit and loss account for the year.
This is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) which, unlike the Companies Act 2006, does not require depreciation of investment properties. Investment properties are held for their investment potential and not for use by the company and so their current value is of prime importance. The departure from the provisions of the Act is required in order to give a true and fair view.Fixed Assets
All fixed assets are initially recorded at cost.
Financial Instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either 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.Motor VanReducing balance0.2500EquipmentReducing balance0.25001500015000975090007502678441624725159715407151202872828443124725159725157241201037Ordinary1001100100Ordinary11112017-06-07MR K BHACHUtruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureBHACHU PROPERTIES LTD2015-10-012016-09-30BHACHU PROPERTIES LTD2014-10-012015-09-30BHACHU PROPERTIES LTD2014-09-30BHACHU PROPERTIES LTD2015-09-30BHACHU PROPERTIES LTD2015-09-30BHACHU PROPERTIES LTD2016-09-30 2017-06-23
