Steve Brettle Properties Limited - Accounts to registrar - small 17.1.1

Steve Brettle Properties Limited - Accounts to registrar - small 17.1.1

STEVE BRETTLE PROPERTIES LIMITED - Company Information

Print Friendly Version

IRIS Accounts Production v17.1.1.60 08372805 director 1.4.16 31.3.17 31.3.17 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure083728052016-03-31083728052017-03-31083728052016-04-012017-03-31083728052015-03-31083728052015-04-012016-03-31083728052016-03-3108372805ns15:EnglandWales2016-04-012017-03-3108372805ns14:PoundSterling2016-04-012017-03-3108372805ns10:Director12016-04-012017-03-3108372805ns10:PrivateLimitedCompanyLtd2016-04-012017-03-3108372805ns10:SmallEntities2016-04-012017-03-3108372805ns10:AuditExempt-NoAccountantsReport2016-04-012017-03-3108372805ns10:SmallCompaniesRegimeForDirectorsReport2016-04-012017-03-3108372805ns10:SmallCompaniesRegimeForAccounts2016-04-012017-03-3108372805ns10:FullAccounts2016-04-012017-03-3108372805ns10:RegisteredOffice2016-04-012017-03-3108372805ns5:CurrentFinancialInstruments2017-03-3108372805ns5:CurrentFinancialInstruments2016-03-3108372805ns5:Non-currentFinancialInstruments2017-03-3108372805ns5:Non-currentFinancialInstruments2016-03-3108372805ns5:ShareCapital2017-03-3108372805ns5:ShareCapital2016-03-3108372805ns5:RetainedEarningsAccumulatedLosses2017-03-3108372805ns5:RetainedEarningsAccumulatedLosses2016-03-3108372805ns5:LandBuildings2016-04-012017-03-3108372805ns5:LandBuildings2016-03-3108372805ns5:LandBuildings2017-03-3108372805ns5:LandBuildings2016-03-3108372805ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2017-03-3108372805ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2016-03-3108372805ns5:BetweenTwoFiveYearsns5:Non-currentFinancialInstruments2017-03-3108372805ns5:BetweenTwoFiveYearsns5:Non-currentFinancialInstruments2016-03-3108372805ns5:MoreThanFiveYearsns5:Non-currentFinancialInstruments2017-03-3108372805ns5:MoreThanFiveYearsns5:Non-currentFinancialInstruments2016-03-3108372805ns5:Secured2017-03-3108372805ns5:Secured2016-03-31


REGISTERED NUMBER: 08372805 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 March 2017

for

Steve Brettle Properties Limited

Steve Brettle Properties Limited (Registered number: 08372805)






Contents of the Financial Statements
for the Year Ended 31 March 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Steve Brettle Properties Limited

Company Information
for the Year Ended 31 March 2017







DIRECTOR: S Brettle





REGISTERED OFFICE: 9 Mickleton Road
Middlesbrough
Cleveland
TS2 1RQ





REGISTERED NUMBER: 08372805 (England and Wales)





ACCOUNTANTS: Inspire Chartered Accountants
6 Queens Court
Third Avenue
Team Valley
Gateshead
Tyne and Wear
NE11 0BU
Page 1
Steve Brettle Properties Limited (Registered number: 08372805)

Balance Sheet
31 March 2017

31.3.17 31.3.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 314,242 321,061

CURRENT ASSETS
Debtors 4 165 165
Cash at bank 40,315 26,736
40,480 26,901
CREDITORS
Amounts falling due within one year 5 214,608 214,282
NET CURRENT LIABILITIES (174,128 ) (187,381 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
140,114
133,680

CREDITORS
Amounts falling due after more than one
year
6
75,696
89,060
NET ASSETS 64,418 44,620

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 64,218 44,420
SHAREHOLDERS' FUNDS 64,418 44,620

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the director on 14 June 2017 and were signed by:



S Brettle - Director


The notes form part of these financial statements

Page 2
Steve Brettle Properties Limited (Registered number: 08372805)

Notes to the Financial Statements
for the Year Ended 31 March 2017

1. STATUTORY INFORMATION

Steve Brettle Properties Limited is a private company, limited by shares , registered in England and
Wales. 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.
Land and buildings - 2% on cost

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.

Transition to frs 102
The entity transitioned from previous UK GAAP to FRS 102 as at 1st April 2016. Details of how FRS
102 has affected the reported financial position and financial performance is given in the notes to the
financial statements.

Page 3 continued...
Steve Brettle Properties Limited (Registered number: 08372805)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2017

3. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 April 2016
and 31 March 2017 340,950
DEPRECIATION
At 1 April 2016 19,889
Charge for year 6,819
At 31 March 2017 26,708
NET BOOK VALUE
At 31 March 2017 314,242
At 31 March 2016 321,061

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.17 31.3.16
£    £   
Prepayments and accrued income 165 165

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.17 31.3.16
£    £   
Bank loans and overdrafts 16,440 16,440
Other loans 100,000 100,000
Tax 6,654 6,359
Social security and other taxes 1,981 2,000
Other creditors 85,400 85,400
Accruals and deferred income 4,133 4,083
214,608 214,282

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.17 31.3.16
£    £   
Bank loans - 1-2 years 16,440 16,440
Bank loans - 2-5 years 49,320 49,320
Bank loans more 5 yr by instal 9,936 23,300
75,696 89,060

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 9,936 23,300

Page 4 continued...
Steve Brettle Properties Limited (Registered number: 08372805)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2017

7. SECURED DEBTS

The following secured debts are included within creditors:

31.3.17 31.3.16
£    £   
Bank loans 92,136 105,500

The bank loan is secured by fixed and floating charges over all the property and undertakings of the
company.

8. RELATED PARTY DISCLOSURES

During the period Steve Brettle Fabrications Limited paid rent to Steve Brettle Properties Limited of
£40,000 (2016:£40,000).

At 31 March 2017 Steve Brettle Properties Limited owed Steve Brettle Fabrications Limited £85,400
(2016:£85,400)

At 31 March 2017 Steve Brettle Properties Limited owed Steve Brettle Fabrications Limited Employee
Benefit Trust 2010 £100,000 (2016:£100,000).

Mr S Brettle is a director and shareholder of Steve Brettle Fabrications Limited.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S Brettle.

10. TRANSITION TO FRS 102

These are the first financial statements that comply with FRS 102. The company transitioned to FRS
102 on 1st April 2016.

No transitional adjustments were required in equity or profit or loss for the year.

Page 5