Browood Limited - Accounts to registrar (filleted) - small 17.3

Browood Limited - Accounts to registrar (filleted) - small 17.3

BROWOOD LIMITED - Company Information

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REGISTERED NUMBER: 03531603 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

BROWOOD LIMITED
BROWOOD LIMITED (REGISTERED NUMBER: 03531603)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


BROWOOD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2017







DIRECTOR: D Rothbart





SECRETARY: Mrs M Rothbart





REGISTERED OFFICE: Unit 4 70-72 Markfield Road
London
N15 4QF





REGISTERED NUMBER: 03531603 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL
Page 1
BROWOOD LIMITED (REGISTERED NUMBER: 03531603)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2017

31.3.17 31.3.16
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 162,840 162,840

CURRENT ASSETS
Debtors 5 6,220 6,220
Cash at bank 501 14
6,721 6,234
CREDITORS
Amounts falling due within one year 6 65,608 59,855
NET CURRENT LIABILITIES (58,887 ) (53,621 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
103,953
109,219

CREDITORS
Amounts falling due after more than one
year
7
103,355
106,466
NET ASSETS 598 2,753

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 596 2,751
SHAREHOLDERS' FUNDS 598 2,753

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The notes form part of these financial statements

Page 2 continued...
BROWOOD LIMITED (REGISTERED NUMBER: 03531603)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 21 December 2017 and were signed by:





D Rothbart - Director


The notes form part of these financial statements

Page 3
BROWOOD LIMITED (REGISTERED NUMBER: 03531603)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017

1. STATUTORY INFORMATION

Browood Limited is a private company, limited by shares , registered in England and Wales. The company's
registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Transition to financial reporting standards 102
The company has adopted FRS 102 Section 1A for the first time in the preparation of these accounts.
Accordingly the date of transition to FRS 102 was 1 April 2015 (beginning of the accounting period of
comparative financial year).

There are no material differences in determining the company's profit and loss under FRS 102 Section 1A and
the previous framework the company adopted (the Financial Reporting Standard for Smaller Entities (effective
January 2015)).

Turnover
Turnover represents net rent receivable, excluding value added tax.

Investment property
Investment properties are properties held to earn rental income or for capital appreciation or for both.

Investment properties are recognised initially at cost.

Subsequent to initial recognition:
a. Investment properties whose fair value can be measured reliably without undue cost or effort are held at fair
value. Any gains or losses arising from change in fair value are recognised in profit or loss in the period that they
arise; and

b. no depreciation is provided in respect of investment properties applying the fair value model.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the statement of financial position date.


Page 4 continued...
BROWOOD LIMITED (REGISTERED NUMBER: 03531603)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2017

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2016
and 31 March 2017 162,840
NET BOOK VALUE
At 31 March 2017 162,840
At 31 March 2016 162,840

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.17 31.3.16
£    £   
Other debtors 6,220 6,220

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.17 31.3.16
£    £   
Trade creditors 3,750 3,750
Taxation and social security 363 363
Other creditors 61,495 55,742
65,608 59,855

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.17 31.3.16
£    £   
Bank loans 103,355 106,466

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 103,355 106,466

Page 5 continued...
BROWOOD LIMITED (REGISTERED NUMBER: 03531603)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2017

8. POST BALANCE SHEET EVENTS

There were no events since the year end which materially affected the company.

9. ULTIMATE CONTROLLING PARTY

D Rothbart is the ultimate controller by virtue of owing 100% of the ordinary share capital in the company.

Page 6