Abbreviated Company Accounts - BNI MANAGEMENT LIMITED

BNI MANAGEMENT LIMITED - Company Information

03269658 BNI MANAGEMENT LIMITED 2016-10-31 false 2015-11-01 2016-10-31 true 03269658 2015-11-01 2016-10-31 03269658 2016-10-31 03269658 2015-10-31 03269658 uk-gaap-cd-bus:Director1 2015-11-01 2016-10-31 03269658 uk-gaap-cd-bus:Director2 2015-11-01 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-11-01 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-10-31 iso4217:GBP shares

Registered Number 03269658

BNI MANAGEMENT LIMITED

Abbreviated Accounts

31 October 2016

BNI MANAGEMENT LIMITED Registered Number 03269658

Abbreviated Balance Sheet as at 31 October 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	826,063	826,063
		826,063	826,063
Current assets
Debtors		15,565	58,047
Cash at bank and in hand		6,186	22,828
		21,751	80,875
Creditors: amounts falling due within one year		(233,251)	(247,075)
Net current assets (liabilities)		(211,500)	(166,200)
Total assets less current liabilities		614,563	659,863
Creditors: amounts falling due after more than one year		(234,166)	(281,080)
Total net assets (liabilities)		380,397	378,783
Capital and reserves
Called up share capital	3	3	3
Profit and loss account		380,394	378,780
Shareholders' funds		380,397	378,783

For the year ending 31 October 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 4 August 2017

And signed on their behalf by:
HADASSAH IWANIER, Director

BNI MANAGEMENT LIMITED Registered Number 03269658

Notes to the Abbreviated Accounts for the period ended 31 October 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 January 2015).

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year.

Other accounting policies
Investment properties

Investment properties are valued at their open market value at the balance sheet date. Any surplus on revaluation is transferred to the investment property revaluation reserve. Any deficit is deducted from the investment property revaluation reserve, except for permanent diminution in value, which are charged to the profit and loss account.

No amortisation or depreciation is provided in respect of freehold investment properties and leasehold investment properties with over 20 years to expiry, in accordance with Statement of Standard Accounting Practice 19: "Accounting for investment properties". This treatment is contrary to the requirements of the Companies Act 1985 to provide for depreciation but is considered necessary to ensure the financial statements give a true and fair view. Depreciation is only one of the factors reflected at the balance sheet date valuation and the amount that might otherwise have been shown cannot be separately identified or quantified.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

2Tangible fixed assets

	£
Cost
At 1 November 2015	826,063
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2016	826,063
Depreciation
At 1 November 2015	-
Charge for the year	-
On disposals	-
At 31 October 2016	-
Net book values
At 31 October 2016	826,063
At 31 October 2015	826,063

All fixed assets are initially recorded at cost.

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

	2016 £	2015 £
3 Ordinary shares of £1 each	3	3