BRANDY_PROPERTIES_LTD - Accounts

BRANDY PROPERTIES LTD - Company Information

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Company Registration No. 08432793 (England and Wales)

BRANDY PROPERTIES LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2014

BRANDY PROPERTIES LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

BRANDY PROPERTIES LTD

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2014

- 1 -

2014

Notes

Current assets

Stocks

1,344,028

Debtors

100

Cash at bank and in hand

48,970

1,393,098

Creditors: amounts falling due within one year

(1,399,700)

Total assets less current liabilities

(6,602)

Capital and reserves

Called up share capital

200

Profit and loss account

(6,802)

Shareholders' funds

(6,602)

For the financial Period ended 31 March 2014 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 financial statements for the Period in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 5 December 2014

B W Lown

Director

Company Registration No. 08432793

BRANDY PROPERTIES LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 MARCH 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

Share capital

2014

Allotted, called up and fully paid

200 Ordinary shares of £1 each

200

During the year 200 ordinary shares of £1 each were alloted and fully paid at par.

Related party relationships and transactions

Since incorporation, the company has received financial assistance from its directors and another related company Emblem Furniture Ltd. At the end of the year, the outstanding balance the company owes to both parties amount to £399,953.