Brynmellin Land Investments Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04951288 (England and Wales)

BRYNMELLIN LAND INVESTMENTS LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mrs J L Prater

Mr S D Prater

SECRETARY:

Mr S D Prater

REGISTERED OFFICE:

Wallace House

20 Birmingham Road

Walsall

West Midlands

WS1 2LT

REGISTERED NUMBER:

04951288 (England and Wales)

ACCOUNTANTS:

Wallace Crooke Walsall Limited

Chartered Accountants

Wallace House

20 Birmingham Road

Walsall

West Midlands

WS1 2LT

FIXED ASSETS

Tangible assets

2

55

74

Investment property

3

105,000

75,000

105,055

75,074

CURRENT ASSETS

Debtors

3,000

-

Cash at bank and in hand

52

52

3,052

52

CREDITORS

Amounts falling due within one year

35,632

64,442

NET CURRENT LIABILITIES

(32,580

)

(64,390

)

TOTAL ASSETS LESS CURRENT LIABILITIES

72,475

10,684

CAPITAL AND RESERVES

Called up share capital

4

150

100

Profit and loss account

72,325

10,584

SHAREHOLDERS' FUNDS

72,475

10,684

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2016 in accordance with Section 476 of the Companies Act 2006.

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 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 Board of Directors on 24 August 2017 and were signed on its behalf by:

Mrs J L Prater - 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 at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

market value is transferred to a revaluation reserve.

Where the revaluation reserve is insufficient to cover a deficit, the amount by which the deficit exceeds the

amount in the revaluation reserve is charged in the profit and loss account.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2015

and 30 November 2016

1,319

DEPRECIATION

At 1 December 2015

1,245

Charge for year

19

At 30 November 2016

1,264

NET BOOK VALUE

At 30 November 2016

55

At 30 November 2015

74

3.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 December 2015

75,000

Reversal of impairments

30,000

At 30 November 2016

105,000

NET BOOK VALUE

At 30 November 2016

105,000

At 30 November 2015

75,000

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

150

Ordinary

£1

150

100

(2015 - 100 )

50 Ordinary shares of £1 each were allotted and fully paid for cash at par during the year.

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company has provided the investment property as security in respect of a personal bank loan to Mrs J L

Prater and Mr S D Prater.