ACCOUNTS - Final Accounts

Caseware UK (AP4) 2016.0.181 2016.0.181 2016-12-312016-12-31302The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetrueNo description of principal activityfalse2016-01-01 01391132 2016-01-01 2016-12-31 01391132 2015-01-01 2015-12-31 01391132 2016-12-31 01391132 2015-12-31 01391132 c:Director2 2016-01-01 2016-12-31 01391132 d:Buildings 2016-01-01 2016-12-31 01391132 d:Buildings 2016-12-31 01391132 d:Buildings 2015-12-31 01391132 d:Buildings d:LongLeaseholdAssets 2016-01-01 2016-12-31 01391132 d:Buildings d:ShortLeaseholdAssets 2016-12-31 01391132 d:Buildings d:ShortLeaseholdAssets 2015-12-31 01391132 d:LandBuildings 2016-12-31 01391132 d:LandBuildings 2015-12-31 01391132 d:CurrentFinancialInstruments 2016-12-31 01391132 d:CurrentFinancialInstruments 2015-12-31 01391132 d:Non-currentFinancialInstruments 2016-12-31 01391132 d:Non-currentFinancialInstruments 2015-12-31 01391132 d:CurrentFinancialInstruments d:WithinOneYear 2016-12-31 01391132 d:CurrentFinancialInstruments d:WithinOneYear 2015-12-31 01391132 d:Non-currentFinancialInstruments d:AfterOneYear 2016-12-31 01391132 d:Non-currentFinancialInstruments d:AfterOneYear 2015-12-31 01391132 d:ShareCapital 2016-12-31 01391132 d:ShareCapital 2015-12-31 01391132 d:RetainedEarningsAccumulatedLosses 2016-12-31 01391132 d:RetainedEarningsAccumulatedLosses 2015-12-31 01391132 c:FRS102 2016-01-01 2016-12-31 01391132 c:AuditExempt-NoAccountantsReport 2016-01-01 2016-12-31 01391132 c:FullAccounts 2016-01-01 2016-12-31 01391132 c:PrivateLimitedCompanyLtd 2016-01-01 2016-12-31 iso4217:GBP xbrli:pure

Registered number: 01391132

BRAYHILL LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016


BRAYHILL LIMITED REGISTERED NUMBER:01391132

BALANCE SHEET

AS AT 31 DECEMBER 2016

		2016		2015
Note		£		£

Fixed assets
Tangible assets	4		301		301
			301		301
Current assets
Cash at bank and in hand	5	234,984		235,977
		234,984		235,977
Creditors: amounts falling due within one year	6	(1,200)		(1,200)
Net current assets			233,784		234,777
Total assets less current liabilities			234,085		235,078
Creditors: amounts falling due after more than one year	7		(190,099)		(190,099)

Net assets			43,986		44,979

Capital and reserves
Called up share capital	100	100
Profit and loss account	43,886	44,879
	43,986	44,979

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BRAYHILL LIMITED REGISTERED NUMBER:01391132

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2016

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

J Leech

Director

Date: 28 September 2017

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BRAYHILL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

1.	General information

Brayhill Limited is a private limited company, registered in England and Wales. It's registered office is 51 Lincoln's Inn Fields, London, WC2A 3NA.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

				Freehold property	-	Not depreciated due to immateriality
				Long-term leasehold property	-	Not depreciated due to immateriality

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Comprehensive Income.

2.3

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

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BRAYHILL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

2.Accounting policies (continued)

2.4

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

2.5

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.6

Interest income

Interest income is recognised in the Statement of Comprehensive Income using the effective interest method.

Employees

The average monthly number of employees, including directors, during the year was 2 (2015 - 2).

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BRAYHILL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

4.	Tangible fixed assets

		Land and buildings
		£
	Cost or valuation
	At 1 January 2016	301
	At 31 December 2016	301

	Net book value
	At 31 December 2016	301
	At 31 December 2015	301

The net book value of land and buildings may be further analysed as follows:
	2016	2015
	£	£

Freehold	1	1
Short leasehold	300	300
	301	301

5.	Cash and cash equivalents
		2016	2015
		£	£

Cash at bank and in hand	234,984	235,978
	234,984	235,978

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BRAYHILL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

6.	Creditors: Amounts falling due within one year
		2016	2015
		£	£

Accruals and deferred income	1,200	1,200
	1,200	1,200

7.	Creditors: Amounts falling due after more than one year
		2016	2015
		£	£

Other loans	190,099	190,099
	190,099	190,099

8.	Parent company

The company is a wholly owned subsidiary of Alexane Limited, the registered address of which is 51 Lincoln's Inn Fields, London, WC2A 3NA.

9.	First time adoption of FRS 102 The policies applied under the entity's previous accounting framework are not materially different to FRS 102 and have not impacted on equity or profit or loss.

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