Brydian Freehold Limited - Period Ending 2017-03-31

Registration number: 05349451

Brydian Freehold Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2017

Easterbrook Eaton Limited
Chartered Accountants
Cosmopolitan House
Old Fore Street
Sidmouth
Devon
EX10 8LS

Brydian Freehold Limited

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3
Statement of Changes in Equity	4
Notes to the Financial Statements	5 to 6

Brydian Freehold Limited

Company Information

Directors

Mrs Sarah Jane Towns Mrs Sheila Marion Edwards

Company secretary

Mr Spencer Ian Jarrett

Registered office

Hillsdon House High Street Sidmouth Devon EX10 8LD

Accountants

Easterbrook Eaton Limited Chartered Accountants Cosmopolitan House Old Fore Street Sidmouth Devon EX10 8LS

Page 1

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Brydian Freehold Limited
for the Year Ended 31 March 2017

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Brydian Freehold Limited for the year ended 31 March 2017 as set out on pages 3 to 6 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/en/members/regulations-standards-and-guidance/.

This report is made solely to the Board of Directors of Brydian Freehold Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Brydian Freehold Limited and state those matters that we have agreed to state to the Board of Directors of Brydian Freehold Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Brydian Freehold Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Brydian Freehold Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Brydian Freehold Limited. You consider that Brydian Freehold Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Brydian Freehold Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

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

Easterbrook Eaton Limited
Chartered Accountants
Cosmopolitan House
Old Fore Street
Sidmouth
Devon
EX10 8LS

22 November 2017

Page 2

Brydian Freehold Limited

(Registration number: 05349451)
Balance Sheet as at 31 March 2017

	Note	2017 £	2016 £
Fixed assets
Tangible assets	3	106,572	106,572
Current assets
Debtors	4	-	150
Cash at bank and in hand		5,784	5,315
		5,784	5,465
Net assets		112,356	112,037
Capital and reserves
Called up share capital		32	32
Other reserves		110,968	110,968
Profit and loss account		1,356	1,037
Total equity		112,356	112,037

For the financial year ending 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 6 November 2017 and signed on its behalf by:
 

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

Mrs Sheila Marion Edwards

Director

The notes on pages 5 to 6 form an integral part of these financial statements.

Page 3

Brydian Freehold Limited

Statement of Changes in Equity for the Year Ended 31 March 2017

	Share capital £	Other reserves £	Profit and loss account £	Total £
At 1 April 2016	32	110,968	1,037	112,037
Profit for the year	-	-	319	319
Total comprehensive income	-	-	319	319
At 31 March 2017	32	110,968	1,356	112,356

	Share capital £	Other reserves £	Profit and loss account £	Total £
At 1 April 2015	32	110,968	718	111,718
Profit for the year	-	-	319	319
Total comprehensive income	-	-	319	319
At 31 March 2016	32	110,968	1,037	112,037

The notes on pages 5 to 6 form an integral part of these financial statements.

Page 4

Brydian Freehold Limited

Notes to the Financial Statements for the Year Ended 31 March 2017

1	General information

The company is a private company limited by share capital incorporated in England and Wales.

The address of its registered office is:
Hillsdon House
High Street
Sidmouth
Devon
EX10 8LD

These financial statements were authorised for issue by the Board on 6 November 2017.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Freehold land and buildings	Nil

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Page 5

Brydian Freehold Limited

Notes to the Financial Statements for the Year Ended 31 March 2017

3	Tangible assets

	Land and buildings £	Total £
Cost or valuation
At 1 April 2016	106,572	106,572
At 31 March 2017	106,572	106,572
Depreciation
Carrying amount
At 31 March 2017	106,572	106,572
At 31 March 2016	106,572	106,572

Included within the net book value of land and buildings above is £106,572 (2016 - £106,572) in respect of freehold land and buildings.
 

4

Debtors

	2017 £	2016 £
Other debtors	-	150
Total current trade and other debtors	-	150

Page 6