Abbreviated Company Accounts - BRIDE HALL SECURITIES LIMITED

BRIDE HALL SECURITIES LIMITED - Company Information

Registered Number 02838125

BRIDE HALL SECURITIES LIMITED

Abbreviated Accounts

30 September 2016

BRIDE HALL SECURITIES LIMITED Registered Number 02838125

Abbreviated Balance Sheet as at 30 September 2016

	2016	2015
	£	£
Current assets
Stocks	-	638,888
Debtors	729,000	-
Cash at bank and in hand	837	-
	729,837	638,888
Creditors: amounts falling due within one year	(159,675)	(141,967)
Net current assets (liabilities)	570,162	496,921
Total assets less current liabilities	570,162	496,921
Creditors: amounts falling due after more than one year	(4,521,992)	(4,361,597)
Total net assets (liabilities)	(3,951,830)	(3,864,676)
Capital and reserves
Called up share capital	2	2
Profit and loss account	(3,951,832)	(3,864,678)
Shareholders' funds	(3,951,830)	(3,864,676)

For the year ending 30 September 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 23 June 2017

And signed on their behalf by:
V Phillips, Director
Director, Director

BRIDE HALL SECURITIES LIMITED Registered Number 02838125

Notes to the Abbreviated Accounts for the period ended 30 September 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The full financial statements, from which these abbreviated accounts have been extracted, have
been prepared under the historical cost convention and in accordance with the Financial Reporting
Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover comprises revenue recognised by the company in respect of goods and services supplied
during the year, exclusive of Value Added Tax and trade discounts.

Other accounting policies
Cash flow statement
The company, being a subsidiary undertaking where 90% or more voting rights are controlled within the group whose consolidated financial statements are publicly available, is exempt from the requirement to draw up a cash flow statement in accordance with FRS 1.

Properties in the course of development
Developments comprise finished developments, properties under construction and properties with and without planning consent for development.
Developments are stated at the lower of cost and net realisable value less any cumulative payments on account received from third party funders.
For properties in the course of development other than property without planning consent, cost is vcalculated as those expenses including interest on advances, attributable to each property. For property without planning consent, cost is calculated as land and related purchase costs.
Net realisable value of finish developments is based on estimated sales value which is calculated as anticipated rent capitalised at an appropriate yield. In the case of all other properties, net realisable vvalue is based on estimated sales value (as calculated above) where there is reasonable expectation that development will be carried out in the foreseeable future. In all other cases, net realisable value is based on the estimated net sales proceeds of the property in its current condition.

Going concern
These financial statements have been prepared on a going concern basis which is dependent on the continued support of the ultimate parent company, Bride Hall Group Limited. The directors of Bride Hall Group Limited have confirmed that the company will continue to provide such support for 12 months from the date the financial statements are signed.