Bansha (Uk) Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 03936922

Abbreviated Accounts for the Year Ended 31 March 2014

for

BANSHA (UK) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

P F McDonogh

Mrs R D McDonogh

T P McDonogh

S J McDonogh

K P McDonogh

SECRETARY:

K P McDonogh

REGISTERED OFFICE:

The Granary

Brewer Street

Bletchingley

Surrey

RH1 4QP

REGISTERED NUMBER:

03936922

ACCOUNTANTS:

Lees Chartered Accountants

The Granary

Brewer Street

Bletchingley

Surrey

RH1 4QP

FIXED ASSETS

Tangible assets

2

5,151,230

5,140,197

CURRENT ASSETS

Debtors

4,165

3,160

Cash at bank and in hand

601,179

188,374

605,344

191,534

CREDITORS

Amounts falling due within one year

3

3,278,710

2,776,605

NET CURRENT LIABILITIES

(2,673,366

)

(2,585,071

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,477,864

2,555,126

CREDITORS

Amounts falling due after more than one year

3

1,172,117

1,219,833

NET ASSETS

1,305,747

1,335,293

CAPITAL AND RESERVES

Called up share capital

4

1,100

1,100

Revaluation reserve

692,570

942,570

Profit and loss account

612,077

391,623

SHAREHOLDERS' FUNDS

1,305,747

1,335,293

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 4 December 2014 and were signed on its behalf by:

P.F. McDonogh - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation

of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April

2008).

Turnover

Turnover represents rental income charged, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 April 2013

5,174,696

Additions

452,285

Disposals

(440,000

)

At 31 March 2014

5,186,981

DEPRECIATION

At 1 April 2013

34,499

Charge for year

1,252

At 31 March 2014

35,751

NET BOOK VALUE

At 31 March 2014

5,151,230

At 31 March 2013

5,140,197

3.

CREDITORS

Creditors include an amount of £ 1,087,677 (31.3.13 - £ 1,151,666 ) for which security has been given.

They also include the following debts falling due in more than five years:

31.3.14

31.3.13

£

£

Repayable otherwise than by instalments

322,332

322,309

Repayable by instalments

477,545

420,191

799,877

742,500

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

1,090

Ordinary

£1

1,090

1,090

10

Founder

£1

10

10

1,100

1,100

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The total director's current account balances of £3,153,877as at 31 March 2014 are included within

Creditors:amounts falling due within one year.

The following loans were due to the directors during the year :

PFMcDonogh

RMcDonogh

TP McDonogh

SJ McDonogh

KP McDonogh

Balance outstanding and due to directors at 1st April 2013

1,663,093

102,300

317,603

316,512

243,313

Amounts Advanced by directors during the year ended 31st March 2014

41,264

4

225,630

436,093

505,365

Repaid to the directors during the year ended 31st March 2014

(675,364)

(429

(3,802

)

(10,708

)

(6,997

)

1,028,993

101,875

539,431

741,897

741,681

The directors consider the loans to be repayable on demand, but they would not make such a demand if the

company would be short of liquid funds if it paid them.