BAYSWATER PROPERTIES (SWANSEA) LIMITED Company Accounts
BAYSWATER PROPERTIES (SWANSEA) LIMITED Company Accounts
COMPANY REGISTRATION NUMBER:
00511068
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Financial Statements |
Year ended 31 March 2017
Contents |
Page |
Accountants & business advisors report to the board of directors on the preparation of the unaudited statutory financial statements |
1 |
Statement of financial position |
2 |
Statement of changes in equity |
4 |
Notes to the financial statements |
5 |
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Accountants & Business Advisors Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of
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Year ended 31 March 2017
144 Walter Road
Swansea
SA1 5RW
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Statement of Financial Position |
2017 |
2016 |
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Note |
£ |
£ |
£ |
Fixed assets
Tangible assets |
4 |
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Current assets
Cash at bank and in hand |
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Creditors: amounts falling due within one year |
5 |
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--------- |
--------- |
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Net current assets |
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--------- |
--------- |
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Total assets less current liabilities |
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Provisions
Taxation including deferred tax |
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--------- |
--------- |
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Net assets |
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--------- |
--------- |
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Capital and reserves
Called up share capital |
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Share premium account |
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Profit and loss account |
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--------- |
--------- |
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Members funds |
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--------- |
--------- |
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In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
31 May 2017
, and are signed on behalf of the board by:
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Director |
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Company registration number:
00511068
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Statement of Changes in Equity |
Year ended 31 March 2017
Called up share capital |
Share premium account |
Revaluation reserve |
Profit and loss account |
Total |
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£ |
£ |
£ |
£ |
£ |
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At 1 April 2015 (as previously reported) |
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Effects of changes in accounting policies |
– |
– |
(2,000) |
– |
(2,000) |
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---- |
---- |
------- |
--------- |
--------- |
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At 1 April 2015 (restated) |
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– |
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---- |
---- |
------- |
--------- |
--------- |
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Profit for the year |
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Other comprehensive income for the year: |
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Reclassification from revaluation reserve to profit and loss account |
– |
– |
– |
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---- |
---- |
------- |
--------- |
--------- |
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Total comprehensive income for the year |
– |
– |
– |
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Dividends paid and payable |
– |
– |
– |
(
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(
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---- |
---- |
------- |
--------- |
--------- |
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Total investments by and distributions to owners |
– |
– |
– |
(
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(
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At 31 March 2016 (as previously reported) |
109 |
130 |
– |
236,821 |
237,060 |
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Effects of changes in accounting policies |
– |
– |
– |
34,858 |
34,858 |
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---- |
---- |
------- |
--------- |
--------- |
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At 31 March 2016 (restated) |
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– |
271,679
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271,918
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---- |
---- |
------- |
--------- |
--------- |
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Profit for the year |
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---- |
---- |
------- |
--------- |
--------- |
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Total comprehensive income for the year |
– |
– |
– |
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Dividends paid and payable |
– |
– |
– |
(
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(
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---- |
---- |
---- |
-------- |
-------- |
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Total investments by and distributions to owners |
– |
– |
– |
(
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(
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---- |
---- |
---- |
--------- |
--------- |
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At 31 March 2017 |
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– |
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---- |
---- |
---- |
--------- |
--------- |
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Notes to the Financial Statements |
Year ended 31 March 2017
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 144 Walter, Swansea, SA1 5RW.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Transition to FRS 102
The entity transitioned from previous UK GAAP to FRS 102 as at 1 April 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 7.
Judgements and key sources of estimation uncertainty
Revenue recognition
Income tax
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures & Fittings |
- |
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Equipment |
- |
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Impairment of fixed assets
Provisions
Financial instruments
4.
Tangible assets
Land and buildings |
Fixtures and fittings |
Equipment |
Total |
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£ |
£ |
£ |
£ |
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Cost or valuation |
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At 1 April 2016 |
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Revaluations |
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– |
– |
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--------- |
------- |
------- |
--------- |
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At 31 March 2017 |
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--------- |
------- |
------- |
--------- |
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Depreciation |
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At 1 April 2016 and 31 March 2017 |
– |
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--------- |
------- |
------- |
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Carrying amount |
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At 31 March 2017 |
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– |
– |
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--------- |
------- |
------- |
--------- |
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At 31 March 2016 |
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– |
– |
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--------- |
------- |
------- |
--------- |
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5.
Creditors:
amounts falling due within one year
2017 |
2016 |
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£ |
£ |
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Corporation tax |
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Other creditors |
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-------- |
-------- |
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-------- |
-------- |
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6.
Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2017 |
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Balance brought forward |
Advances/ (credits) to the directors |
Amounts repaid |
Balance outstanding |
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£ |
£ |
£ |
£ |
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(
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(
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(
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-------- |
-------- |
------- |
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2016 |
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Balance brought forward |
Advances/ (credits) to the directors |
Amounts repaid |
Balance outstanding |
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£ |
£ |
£ |
£ |
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(
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(
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(
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-------- |
-------- |
------- |
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7.
Transition to FRS 102
These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 April 2015.
Reconciliation of equity
1 April 2015 |
31 March 2016 |
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As previously stated |
Effect of transition |
FRS 102 (as restated) |
As previously stated |
Effect of transition |
FRS 102 (as restated) |
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£ |
£ |
£ |
£ |
£ |
£ |
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Fixed assets |
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– |
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– |
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Current assets |
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– |
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– |
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Creditors: amounts falling due within one year |
(
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– |
(
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(
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– |
(
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--------- |
---- |
--------- |
--------- |
---- |
--------- |
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Net current assets |
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– |
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– |
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--------- |
---- |
--------- |
--------- |
---- |
--------- |
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Total assets less current liabilities |
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– |
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– |
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Provisions |
– |
(
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(
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(
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– |
(
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--------- |
---- |
--------- |
--------- |
---- |
--------- |
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Net assets |
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(
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– |
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--------- |
---- |
--------- |
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---- |
--------- |
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---- |
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Capital and reserves |
264,737
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(
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264,337
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– |
237,060
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--------- |
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