Birchfield Property Management Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 03133210 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 1 NOVEMBER 2015 TO 30 SEPTEMBER 2016

FOR

BIRCHFIELD PROPERTY MANAGEMENT LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

5

DIRECTOR:

P Patel

REGISTERED OFFICE:

37 West Street

Croydon

Surrey

CR0 1DJ

REGISTERED NUMBER:

03133210 (England and Wales)

ACCOUNTANTS:

Kings Mill Partnership

75 Park Lane

Croydon

Surrey

CR9 1XS

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three to five)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Birchfield Property Management Limited for the period ended 30 September 2016 which

comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records

and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Birchfield Property Management Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Birchfield Property Management Limited and state those matters that we have agreed to state to the director of Birchfield Property Management Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Birchfield Property Management Limited director for our work or for this report.

It is your duty to ensure that Birchfield Property Management Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Birchfield Property Management Limited. You consider that Birchfield Property Management Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Birchfield Property Management Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Kings Mill Partnership

75 Park Lane

Croydon

Surrey

CR9 1XS

28 June 2017

FIXED ASSETS

Tangible assets

2

849,228

326,346

CURRENT ASSETS

Cash at bank

972

6,586

CREDITORS

Amounts falling due within one year

240,321

95,349

NET CURRENT LIABILITIES

(239,349

)

(88,763

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

609,879

237,583

CREDITORS

Amounts falling due after more than one
year

-

152,418

NET ASSETS

609,879

85,165

CAPITAL AND RESERVES

Called up share capital

3

100

Revaluation reserve

541,028

-

Profit and loss account

68,751

85,065

SHAREHOLDERS' FUNDS

609,879

85,165

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

The members have not required the company to obtain an audit of its financial statements for the period 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 28 June 2017 and were signed by:

P Patel - 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 net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost of each asset over its

expected useful life or, if held under a finance lease, over the lease term, whichever is the shorter as follows:

Land & Buildings

- 2% per annum on straight line method

Deferred tax

Deferred tax is provided using the liability method in respect of all material timing differences that have

originated but not reversed by the balance sheet date. Deferred tax assets are recognised where it is considered

more likely than not that future profits will be available for offset. The company has not adopted a policy of

discounting deferred tax assets and liabilities.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 November 2015

448,763

Revaluations

541,028

At 30 September 2016

989,791

DEPRECIATION

At 1 November 2015

122,417

Charge for period

18,146

At 30 September 2016

140,563

NET BOOK VALUE

At 30 September 2016

849,228

At 31 October 2015

326,346

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1

100

4.	ULTIMATE PARENT COMPANY

Amber Aparthotel Ltd is regarded by the director as being the company's ultimate parent company.

Amber Aparthotel Ltd owns 100% of the shares in Birchfield Property Management limited.