Braemar Properties Limited - Limited company - abbreviated - 11.0.0
Braemar Properties Limited - Limited company - abbreviated - 11.0.0
| REGISTERED NUMBER: |
| ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 MARCH 2014 |
| FOR |
| BRAEMAR PROPERTIES LIMITED |
| BRAEMAR PROPERTIES LIMITED (REGISTERED NUMBER: 02230344) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| For The Year Ended 31 March 2014 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| BRAEMAR PROPERTIES LIMITED |
| COMPANY INFORMATION |
| For The Year Ended 31 March 2014 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| BRAEMAR PROPERTIES LIMITED (REGISTERED NUMBER: 02230344) |
| ABBREVIATED BALANCE SHEET |
| 31 March 2014 |
| 31.3.14 | 31.3.13 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| Investment property | 3 |
| CURRENT ASSETS |
| Debtors |
| 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 its behalf by: |
| BRAEMAR PROPERTIES LIMITED (REGISTERED NUMBER: 02230344) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| For The Year Ended 31 March 2014 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention. |
| Financial reporting standard number 1 |
| Exemption has been taken from preparing a cash flow statement on the grounds that the company |
| qualifies as a small company. |
| Turnover |
| Turnover represents rental income received. Rental income is recognised in the period to which it |
| relates. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| Investment property |
| Investment property is stated at original cost unless materially different to market value as determined |
| by the directors. Revaluation gains are credited to a revaluation reserve. Deficits are charged against |
| the revaluation reserve to the extent that the reserve is sufficient. Any excess deficit is charged to the |
| profit and loss account. No depreciation is provided on long leasehold investment property following |
| Statement of Standard Accounting Practice No.19. |
| Deferred tax |
| Deferred taxation - in accordance with the requirement of FRS 19, provision is made for all taxation |
| deferred as a result of differences in timing between the treatment of certain items for taxation and |
| accounting purposes. No provision is made if the amount involved is not material to the financial |
| position of the company. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 April 2013 |
| Additions |
| At 31 March 2014 |
| DEPRECIATION |
| At 1 April 2013 |
| Charge for year |
| At 31 March 2014 |
| NET BOOK VALUE |
| At 31 March 2014 |
| At 31 March 2013 |
| BRAEMAR PROPERTIES LIMITED (REGISTERED NUMBER: 02230344) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| For The Year Ended 31 March 2014 |
| 3. | INVESTMENT PROPERTY |
| Total |
| £ |
| COST |
| At 1 April 2013 |
| Additions |
| At 31 March 2014 |
| NET BOOK VALUE |
| At 31 March 2014 |
| At 31 March 2013 |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.3.14 | 31.3.13 |
| value: | £ | £ |
| A Ordinary shares | £1 |
| B Ordinary Shares | £1 |
| 119,500 | 119,500 |
| Allotted and issued: |
| Number: | Class: | Nominal | 31.3.14 | 31.3.13 |
| value: | £ | £ |
| C Ordinary Shares | 10p |
| The A,B and C Ordinary shares rank pari passu as to dividends and voting rights. |
| The C Ordinary shares are redeemable at the option of the holder. The amount payable on redemption |
| is the amount paid up on each share revalued by reference to the Retail Price Index plus 5% for each |
| year the share has been held. |
| On winding up the holders of the C Ordinary shares are entitled to the amount paid up on each share |
| revalued by reference to the RPI plus 5.75% for each year the share has been held. |
| 5. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The directors have made loans to the company. The loans were transacted on normal commercial |
| terms. No interest was charged for the year. The company purchases property management and |
| administrative services from companies in which the directors are materially interested as shareholders. |
| All transactions are made on normal commercial terms. |