ACCOUNTS - Final Accounts preparation

B&R REAL ESTATE LIMITED - Company Information

Caseware UK (AP4) 2016.0.181 2016.0.181 2017-03-312017-03-31The 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.The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truefalseproperty lettingfalse2016-04-01 10287155 2016-03-31 10287155 2016-04-01 2017-03-31 10287155 2017-03-31 10287155 c:Director1 2016-04-01 2017-03-31 10287155 d:FreeholdInvestmentProperty 2016-04-01 2017-03-31 10287155 d:FreeholdInvestmentProperty 2017-03-31 10287155 d:CurrentFinancialInstruments d:WithinOneYear 2017-03-31 10287155 d:ShareCapital 2017-03-31 10287155 d:RetainedEarningsAccumulatedLosses 2017-03-31 10287155 c:FRS102 2016-04-01 2017-03-31 10287155 c:AuditExempt-NoAccountantsReport 2016-04-01 2017-03-31 10287155 c:FullAccounts 2016-04-01 2017-03-31 10287155 c:PrivateLimitedCompanyLtd 2016-04-01 2017-03-31 iso4217:GBP xbrli:pure

Registered number: 10287155

B&R REAL ESTATE LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2017

B&R REAL ESTATE LIMITED

REGISTERED NUMBER:10287155

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2017

		2017
Note		£

Fixed assets
Investment property		1,224,793
		1,224,793
Current assets
Debtors: amounts falling due within one year	2,798
Cash at bank and in hand	11,789
	14,587
Creditors: amounts falling due within one year	(1,234,618)
Net current (liabilities)/assets		(1,220,031)
Total assets less current liabilities		4,762

Net assets		4,762

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B&R REAL ESTATE LIMITED

REGISTERED NUMBER:10287155

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2017

	2017
Note	£

Capital and reserves
Called up share capital			200
Profit and loss account			4,562
			4,762

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 period 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 income and retained earnings 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:

Mr W R Brown

Director

Date: 14 October 2017

The notes on pages 3 to 4 form part of these financial statements.

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B&R REAL ESTATE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2017

1.	General information

B&R Real Estate Limited is a private limited company incorporated in the UK. The company's registered office is c/o Ivf Bioscience, Bickland Industrial Park, Falmouth, Cornwall, TR11 4TA and the company registration number is 10287155.

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

REVENUE

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of turnover can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

INVESTMENT PROPERTY

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of income and retained earnings.

2.4

DEBTORS

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.5

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.

2.6

FINANCIAL INSTRUMENTS

The Company only enters into basic financial instruments transactions that result in the recognition of

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B&R REAL ESTATE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2017

2.Accounting policies (continued)

2.6

FINANCIAL INSTRUMENTS (CONTINUED)

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.

2.7

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.

2.8

OPERATING LEASES: THE COMPANY AS LESSEE

Rentals paid under operating leases are charged to the Statement of income and retained earnings on a straight line basis over the lease term.

2.9

TAXATION

Tax is recognised in the Statement of income and retained earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Employees

The average monthly number of employees, including directors, during the period was 2.

4.	Investment property

		Freehold investment property
		£
	Valuation
	Additions at cost	1,224,793
	At 31 March 2017	1,224,793

The 2017 valuations were made by the directors, on an open market value for existing use basis.


	At 31 March 2017

If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

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