Accounts filed on 30-09-2017


Registered number: 02798134






Bristol Assured Tenancies (No 3) Limited


ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2017


Bristol Assured Tenancies (No 3) Limited


ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2017





DIRECTORS
Mrs R.A. Jackson
Mr J.H. Jackson



SECRETARY
Miss N. Claydon


REGISTERED OFFICE
The Lodge
Park Road
Shepton Mallet
Somerset
BA4 5BS


COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 02798134


ACCOUNTS
FOR THEYEARENDED30 SEPTEMBER 2017



CONTENTS



		Page

Directors' Report		-

Statement Of Comprehensive Income		-

Balance Sheet		3

Notes To The Accounts		4


The following do not form part of the statutory financial statements:

Trading And Profit And Loss Account		-

Profit And Loss Account Summaries		-


BALANCE SHEET AT 30 September 2017

			2017		2016
	Notes		£		£

FIXED ASSETS
Tangible assets	2		539,000		509,000

CURRENT ASSETS
Debtors	3	5,643		5,500
Cash at bank and in hand		23,069		18,759
		28,712		24,259
CREDITORS: Amounts falling due within one year	4	5,948		4,465
NET CURRENT ASSETS			22,764		19,794
TOTAL ASSETS LESS CURRENT LIABILITIES			561,764		528,794


CREDITORS: Amounts falling due after more than one year	5		273,544		273,544


PROVISIONS FOR LIABILITIES AND CHARGES	7		15,069		13,279

NET ASSETS			273,151		241,971

CAPITAL AND RESERVES

Called up share capital	8		25,000		25,000
Profit and loss account			248,151		216,971
SHAREHOLDERS' FUNDS			273,151		241,971

For the year ending 30 September 2017 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.

Approved by the board on 29 November 2017 and signed on their behalf by



.............................
Mrs R.A. Jackson
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .




1b. Change In Accounting Policy
These financial statements for the year ended 30 September 2017 are the first financial statements that comply with FRS 102 Section 1A small entities. The date of transition is 1 October 2015.
The transition to FRS 102 Section 1A small entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in note 16 below.




1c. Investment Properties
Investment properties are included at fair value. Gains are recognised in the profit and loss account. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Where fair value cannot be achieved without undue cost or effort, investment property is accounted for as tangible fixed assets.




1d. Basis Of Accounting FRS 1021 a
These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of sections 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.




1e. Taxation
Corporation tax payable is provided on taxable profits at the current rates.
Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.
Tax deferred or accelerated is accounted for in respect of all material timing differences.




2. TANGIBLE FIXED ASSETS

	Land And
	Buildings	Total
	£	£
Cost
At 1 October 2016	509,000	509,000
Revaluation	30,000	30,000
At 30 September 2017	539,000	539,000
Depreciation
At 30 September 2017	-	-
Net Book Amounts
At 30 September 2017	539,000	539,000
At 30 September 2016	509,000	509,000
The fair value of the investment property is comprised of freehold and long leasehold investment properties in the Clifton and Redfield areas of Bristol. The directors having considered the current economic climate and its effect on property prices, have valued the property at the balance sheet date on an untenanted basis and the properties are shown at this fair value.
During the year ended 30 September 2017, the revaluation in the year of £30,000 was credited to the profit and loss account in accordance with FRS 102.




3. DEBTORS	2017	2016
	£	£

Amounts falling due within one year:
Other debtors	5,643	5,500
	5,643	5,500


4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2017	2016
	£	£
Taxation and social security	3,141	2,146
Other creditors	2,807	2,319
	5,948	4,465




5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
	2017	2016
	£	£
Bank loans and overdrafts	273,544	273,544
	273,544	273,544

The bank loan of £273,544 is secured by fixed charges over the investment property.


8. SHARE CAPITAL	2017	2016
	£	£
Allotted, issued and fully paid:
10000 "A" Ordinary Shares of £1 each	10000	10000
7500 "B" Ordinary Shares of £1 each	7500	7500
7500 Preference Shares of £1 each	7500	7500
	25,000	25,000




9. RELATED PARTY TRANSACTIONS
During the year the company paid a dividend of £714 (2016 - £Nil) to Mrs R.A Jackson a director.




10. RECONCILIATIONS ON ADOPTION OF FRS 102
On transition to FRS 102 the directors have applied the provisions of section 16 and have measured investment properties at fair value through profit and loss. This has resulted in a transfer between the revaluation reserve and the profit and loss reserve at 1 October 2015 of £220,184. In the year ended 30 September 2016, the increase in value of investment properties of £0 has been included in the profit and loss account. In accordance with section 19 of FRS 102 a related deferred tax liability of £15,046 was also included in the accounts at 1 October 2015, with a £1,767 decrease in the provision in the year ended 30 September 2016.


Reconciliation of equity
	30 September 2016	1 October 2015
	£	£
Equity as reported under previous UK GAAP	255,250	273,309

Adjustments arising from transition to FRS 102:
Increase in fair value of investment property	-	-
Deferred tax provision on investment properties	(13,279)	(15,046)
Equity reported under FRS 102	241,971	258,263


Reconciliation of profit for the financial period
		2016
		£
Profit as reported under previous UK GAAP		9,941

Adjustments arising from transition to FRS 102:
Increase in fair value of investment property		-
Deferred tax provision on investment properties		1,767
Profit reported under FRS 102		11,708


11. RETAINED EARNINGS BREAKDOWN
Included in retained earnings is £235,115 (2016 - £206,905) of profits which are not available for distribution as they are unrealised.