Abbreviated Company Accounts - BNI MANAGEMENT LIMITED

BNI MANAGEMENT LIMITED - Company Information

03269658 BNI MANAGEMENT LIMITED 2013-10-31 false 2012-11-01 2013-10-31 true 03269658 2012-11-01 2013-10-31 03269658 2013-10-31 03269658 2012-10-31 03269658 uk-gaap-cd-bus:Director1 2012-11-01 2013-10-31 03269658 uk-gaap-cd-bus:Director2 2012-11-01 2013-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-11-01 2013-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-10-31 iso4217:GBP shares

Registered Number 03269658

BNI MANAGEMENT LIMITED

Abbreviated Accounts

31 October 2013

BNI MANAGEMENT LIMITED Registered Number 03269658

Abbreviated Balance Sheet as at 31 October 2013

	Notes	2013	2012
		£	£
Fixed assets
Tangible assets	2	826,063	1,277,792
		826,063	1,277,792
Current assets
Debtors		619,019	28,325
Cash at bank and in hand		6,837	1,751
		625,856	30,076
Creditors: amounts falling due within one year		(491,395)	(447,701)
Net current assets (liabilities)		134,461	(417,625)
Total assets less current liabilities		960,524	860,167
Creditors: amounts falling due after more than one year		(774,323)	(855,541)
Total net assets (liabilities)		186,201	4,626
Capital and reserves
Called up share capital	3	3	3
Profit and loss account		186,198	4,623
Shareholders' funds		186,201	4,626

For the year ending 31 October 2013 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 28 July 2014

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 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts 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 shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Tangible assets depreciation policy
Fixed assets

All fixed assets are initially recorded at cost.

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 2012	1,277,792
Additions	-
Disposals	(451,729)
Revaluations	-
Transfers	-
At 31 October 2013	826,063
Depreciation
At 1 November 2012	-
Charge for the year	-
On disposals	-
At 31 October 2013	-
Net book values
At 31 October 2013	826,063
At 31 October 2012	1,277,792

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

	2013 £	2012 £
3 Ordinary shares of £1 each	3	3