Abbreviated Company Accounts - BRYCOURT LIMITED

Abbreviated Company Accounts - BRYCOURT LIMITED

BRYCOURT LIMITED - Company Information

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Registered Number 04047312

BRYCOURT LIMITED

Abbreviated Accounts

31 August 2016

BRYCOURT LIMITED Registered Number 04047312

Abbreviated Balance Sheet as at 31 August 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 4,525,908 4,525,908
4,525,908 4,525,908
Current assets
Debtors 602,137 270,592
Cash at bank and in hand 16,745 5,388
618,882 275,980
Creditors: amounts falling due within one year (2,357,479) (2,152,690)
Net current assets (liabilities) (1,738,597) (1,876,710)
Total assets less current liabilities 2,787,311 2,649,198
Creditors: amounts falling due after more than one year (1,560,331) (1,414,000)
Total net assets (liabilities) 1,226,980 1,235,198
Capital and reserves
Called up share capital 3 2 2
Profit and loss account 1,226,978 1,235,196
Shareholders' funds 1,226,980 1,235,198
  • For the year ending 31 August 2016 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 27 November 2017

And signed on their behalf by:
SARA FRIEDMAN, Director

BRYCOURT LIMITED Registered Number 04047312

Notes to the Abbreviated Accounts for the period ended 31 August 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Freehold Property:
The company's freehold property is included in the Balance Sheet at historical cost. This is not in accordance with the requirements of statement of Standard Accounting Practice No 19, which requires such properties to be stated at their open market value.

Cashflow statement:

The company has taken advantage of the exemption in Financial Reporting Standard No 1, and has not produced a cash flow statement on the grounds that it is a small company.

Turnover policy
The turnover shown in the income and expenditure account represents amounts invoiced during the year.

Other accounting policies
Financial instruments

Financial liabilities and equity instruments are classified according to the substance of 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.

Where 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.

2Tangible fixed assets
£
Cost
At 1 September 2015 4,525,908
Additions -
Disposals -
Revaluations -
Transfers -
At 31 August 2016 4,525,908
Depreciation
At 1 September 2015 -
Charge for the year -
On disposals -
At 31 August 2016 -
Net book values
At 31 August 2016 4,525,908
At 31 August 2015 4,525,908

All fixed assets are initially recorded at cost.

3Called Up Share Capital
Allotted, called up and fully paid:
2016
£		 2015
£
2 Ordinary shares of £1 each 2 2