BRAYDOWN_PROPERTIES_LIMIT - Accounts

BRAYDOWN PROPERTIES LIMITED - Company Information

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Company Registration No. 04846285 (England and Wales)

BRAYDOWN PROPERTIES LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2016

BRAYDOWN PROPERTIES LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

BRAYDOWN PROPERTIES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 NOVEMBER 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

2,343,236

2,196,954

Current assets

Debtors

2,739

2,621

Cash at bank and in hand

83,027

204,038

85,766

206,659

Creditors: amounts falling due within one year

(24,682)

(13,978)

Net current assets

61,084

192,681

Total assets less current liabilities

2,404,320

2,389,635

Creditors: amounts falling due after more than one year

(1,818,972)

(1,878,972)

585,348

510,663

Capital and reserves

Called up share capital

Revaluation reserve

153,610

79,801

Profit and loss account

431,735

430,859

Shareholders' funds

585,348

510,663

For the financial year ended 30 November 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 17 August 2017

Mr D B Patel

Director

Company Registration No. 04846285

BRAYDOWN PROPERTIES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.

Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the director compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

Fixed assets

Tangible assets

Cost or valuation

At 1 December 2015

2,196,954

Additions

72,473

Revaluation

73,809

At 30 November 2016

2,343,236

At 30 November 2015

2,196,954

Share capital

2016

2015

Allotted, called up and fully paid

3 Ordinary shares of £1 each

Related party relationships and transactions

BRAYDOWN PROPERTIES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2016

Related party relationships and transactions

(Continued)

- 3 -

The ultimate controlling party is the director, Mr D B Patel, by virtue of his majority shareholding.