Burdock Homes Ltd - Abbreviated accounts 16.3
Burdock Homes Ltd - Abbreviated accounts 16.3
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 NOVEMBER 2016 |
| FOR |
| BURDOCK HOMES LTD |
| BURDOCK HOMES LTD (REGISTERED NUMBER: 07834972) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 30 NOVEMBER 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| BURDOCK HOMES LTD |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 30 NOVEMBER 2016 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| BURDOCK HOMES LTD (REGISTERED NUMBER: 07834972) |
| ABBREVIATED BALANCE SHEET |
| 30 NOVEMBER 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| Investment property | 3 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Revaluation reserve |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their 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 were approved by the Board of Directors on |
| BURDOCK HOMES LTD (REGISTERED NUMBER: 07834972) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 30 NOVEMBER 2016 |
| 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 rents receivable during the year excluding VAT. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| Investment property |
| In accordance with SSAP19, investment properties are revalued annually and any surplus or deficit arising is |
| taken to an investment property reserve. No depreciation is provided on such properties as they are held as |
| investments and not for consumption. |
| This treatment of investment properties may be a departure from the requirements of the Companies Act |
| concerning depreciation of fixed assets. However, as these properties are not held for consumption but for |
| investment, the directors consider that depreciation would be inappropriate. The accounting policy adopted is |
| therefore necessary for the financial statements to give a true and fair view. |
| Deferred tax |
| The charge for taxation is based on the results for the year and takes into account taxation deferred because of |
| timing differences between the treatment of certain items for taxation and accounting purposes. In accordance |
| with Financial Reporting Standard 19, provision is made for deferred tax in respect of all timing differences that |
| have originated but not reversed by the balance sheet date. Deferred tax assets are only recognised when it is |
| more likely than not that the deferred tax asset will be recovered. Deferred tax is measured using rates of tax that |
| have been enacted or substantially enacted by the balance sheet date. Deferred tax balances are not |
| discounted. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 December 2015 |
| and 30 November 2016 |
| DEPRECIATION |
| At 1 December 2015 |
| Charge for year |
| At 30 November 2016 |
| NET BOOK VALUE |
| At 30 November 2016 |
| At 30 November 2015 |
| BURDOCK HOMES LTD (REGISTERED NUMBER: 07834972) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 30 NOVEMBER 2016 |
| 3. | INVESTMENT PROPERTY |
| Total |
| £ |
| COST OR VALUATION |
| At 1 December 2015 |
| Additions |
| Revaluations |
| At 30 November 2016 |
| NET BOOK VALUE |
| At 30 November 2016 |
| At 30 November 2015 |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary A | £1 |
| Ordinary B | £1 |
| 5. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the years ended 30 November 2016 and |
| 30 November 2015: |
| 2016 | 2015 |
| £ | £ |
| Balance outstanding at start of year | ( |
) | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Balance outstanding at end of year | ( |
) | ( |
) |
| The loan is interest free and unsecured. The balance is shown within creditors due after more than one year. |