Burdalls Limited - Accounts to registrar - small 17.2
Burdalls Limited - Accounts to registrar - small 17.2
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 December 2016 |
for |
Burdalls Limited |
Burdalls Limited (Registered number: 01335128) |
Contents of the Financial Statements |
for the Year Ended 31 December 2016 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Burdalls Limited |
Company Information |
for the Year Ended 31 December 2016 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
30 Gay Street |
Bath |
BA1 2PA |
Burdalls Limited (Registered number: 01335128) |
Balance Sheet |
31 December 2016 |
31.12.16 | 31.12.15 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
Investment property | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Revaluation reserve | 9 |
Capital redemption reserve | 9 |
Retained earnings | 9 |
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. |
Burdalls Limited (Registered number: 01335128) |
Balance Sheet - continued |
31 December 2016 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors on on its behalf by: |
Burdalls Limited (Registered number: 01335128) |
Notes to the Financial Statements |
for the Year Ended 31 December 2016 |
1. | STATUTORY INFORMATION |
Burdalls Limited is a |
company's registered number and registered office address can be found on the Company |
Information page. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding |
discounts, rebates, value added tax and other sales taxes. |
Investment property |
Investment properties are shown at their open market value. The surplus of deficit arising from the |
revaluation is transferred to the investment revaluation reserve unless a deficit, or its reversal, on an |
individual investment property is expected to be permanent, in which case it is recognised in the |
profit and loss account for the year. |
This is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) |
which, unlike the Companies Act 2006, does not require depreciation of investment properties. |
Investment properties are held for their investment potential and not for use by the company and |
so their current value is of prime importance. The departure from the provisions of the Act is |
required in order to give a true and fair view. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the |
company's pension scheme are charged to profit or loss in the period to which they relate. |
Consolidation |
In the opinion of the directors, the company and its subsidiary undertakings comprise a small group. |
The company has therefore taken advantage of the exemption provided by section 398 of the |
Companies Act 2003 not to prepare group accounts. |
Burdalls Limited (Registered number: 01335128) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2016 |
2. | ACCOUNTING POLICIES - continued |
Financial instruments |
Financial Liabilities and equity instruments are classified according to the contractual arrangements |
entered into. An equity instrument is any contract that evidences a residual interest in the assets of |
the entity after deducting all of its financial liabilities. |
When the contractual obligations of financial instruments (including share capital) are equivalent to |
a similar debt instrument, those financial instruments are classed as financial liabilities. Financial |
liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to |
financial liabilities are included in the profit and loss account. Finance costs are calculated so as to |
produce a constant rate of return on the outstanding liability. |
Where the contractual terms of share capital do not have any terms meeting the definition of a |
financial liability then this is classed as an equity instrument. Dividends and distributions relating to |
equity instruments are debited direct to equity. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST |
At 1 January 2016 |
and 31 December 2016 |
NET BOOK VALUE |
At 31 December 2016 |
At 31 December 2015 |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 January 2016 |
and 31 December 2016 |
NET BOOK VALUE |
At 31 December 2016 |
At 31 December 2015 |
Burdalls Limited (Registered number: 01335128) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2016 |
5. | INVESTMENT PROPERTY - continued |
Investment property was valued on an open market basis at 31/12/2010 by the directors. |
The original cost of the property is £1,082,501 |
6. | DEBTORS |
31.12.16 | 31.12.15 |
£ | £ |
Amounts falling due within one year: |
Other debtors |
Amounts falling due after more than one year: |
Trade debtors |
Aggregate amounts |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.16 | 31.12.15 |
£ | £ |
Other creditors |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.12.16 | 31.12.15 |
value: | £ | £ |
Ordinary | £1 | 651 | 651 |
9. | RESERVES |
Capital |
Retained | Revaluation | redemption |
earnings | reserve | reserve | Totals |
£ | £ | £ | £ |
At 1 January 2016 | 1,493,604 |
Deficit for the year | ( |
) | ( |
) |
At 31 December 2016 | 1,490,993 |
Burdalls Limited (Registered number: 01335128) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2016 |
10. | TRANSACTIONS WITH THE DIRECTORS |
During the year D J G Ireson, a director of the company, provided property management and |
surveying services to the company amounting to £50,781 (2015: £51,949). At the year end no |
amounts (2015: £nil) were owed by the company to D J G Ireson. |
Included within other debtors is an amount owed to the company by the director D J G Ireson of £48 |
(£2015: £48). This loan is unsecured and interest free. |
11. | ULTIMATE CONTROLLING PARTY |
The controlling party is Mr D J G Ireson. |