Abbreviated Company Accounts - BARONGUILD LIMITED

BARONGUILD LIMITED - Company Information

02229160 BARONGUILD LIMITED 2016-07-31 false 2015-08-01 2016-07-31 true 02229160 2015-08-01 2016-07-31 02229160 2016-07-31 02229160 2015-07-31 02229160 uk-gaap-cd-bus:Director1 2015-08-01 2016-07-31 02229160 uk-gaap-cd-bus:Director2 2015-08-01 2016-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-08-01 2016-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-31 iso4217:GBP shares

Registered Number 02229160

BARONGUILD LIMITED

Abbreviated Accounts

31 July 2016

BARONGUILD LIMITED Registered Number 02229160

Abbreviated Balance Sheet as at 31 July 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	5,889,213	5,889,213
		5,889,213	5,889,213
Current assets
Debtors		177,943	262,679
Cash at bank and in hand		848,283	1,144,504
		1,026,226	1,407,183
Creditors: amounts falling due within one year		(3,465,544)	(3,676,109)
Net current assets (liabilities)		(2,439,318)	(2,268,926)
Total assets less current liabilities		3,449,895	3,620,287
Creditors: amounts falling due after more than one year		(2,291,108)	(2,569,829)
Total net assets (liabilities)		1,158,787	1,050,458
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		1,158,785	1,050,456
Shareholders' funds		1,158,787	1,050,458

For the year ending 31 July 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 3 July 2017

And signed on their behalf by:
HEINRICH FELDMAN, Director

BARONGUILD LIMITED Registered Number 02229160

Notes to the Abbreviated Accounts for the period ended 31 July 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover policy
The turnover of the company consists solely of rental income.

Other accounting policies
Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

2Tangible fixed assets

	£
Cost
At 1 August 2015	5,889,213
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2016	5,889,213
Depreciation
At 1 August 2015	-
Charge for the year	-
On disposals	-
At 31 July 2016	-
Net book values
At 31 July 2016	5,889,213
At 31 July 2015	5,889,213

All fixed assets are initially recorded at cost.

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
2 Ordinary shares of £1 each	2	2