BMB Management Services (St Annes) Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 01416898 (England and Wales)

BMB MANAGEMENT SERVICES (ST ANNES) LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2017

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTOR:

J C Gee

SECRETARY:

Mrs M A Gee

REGISTERED OFFICE:

Suite A, 2nd Floor

Kennedy House

31 Stamford Street

Altrincham

Cheshire

WA14 1ES

REGISTERED NUMBER:

01416898 (England and Wales)

ACCOUNTANTS:

Sheppards

Chartered Accountants

Suite A, 2nd Floor

Kennedy House

31 Stamford Street

Altrincham

Cheshire

WA14 1ES

BANKERS:

The Royal Bank of Scotland plc

St Ann Street

Manchester

M60 2SS

FIXED ASSETS

Tangible assets

4

-

604

Investment property

5

710,000

590,000

710,000

590,604

CURRENT ASSETS

Debtors

6

47,815

54,799

Cash at bank

1,823

3,886

49,638

58,685

CREDITORS

Amounts falling due within one year

7

201,541

32,260

NET CURRENT (LIABILITIES)/ASSETS

(151,903

)

26,425

TOTAL ASSETS LESS CURRENT LIABILITIES

558,097

617,029

CREDITORS

Amounts falling due after more than one year

8

-

(170,002

)

PROVISIONS FOR LIABILITIES

(101,000

)

(77,000

)

NET ASSETS

457,097

370,027

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

404,000

308,000

Retained earnings

52,997

61,927

SHAREHOLDERS' FUNDS

457,097

370,027

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 13th December 2017 and were signed by:

J C Gee - Director

1.	STATUTORY INFORMATION

BMB Management Services (St Annes) Ltd 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.

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 as modified by the revaluation of certain assets.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A

These financial statements for the year ended 31st March 2017 are the first that are prepared in

accordance with FRS 102 Section 1A. The previous financial statements were prepared in accordance

with UK GAAP, the date of transition to FRS 102 Section 1A is 1st April 2015.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

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 etc

-

15% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from

changes in fair value is recognised in profit or loss.

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 balance sheet date.

Deferred tax

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

the balance sheet 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.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2016

2,632

Disposals

(2,632

)

At 31st March 2017

-

DEPRECIATION

At 1st April 2016

2,028

Charge for year

162

Eliminated on disposal

(2,190

)

At 31st March 2017

-

NET BOOK VALUE

At 31st March 2017

-

At 31st March 2016

604

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st April 2016

590,000

Revaluations

120,000

At 31st March 2017

710,000

NET BOOK VALUE

At 31st March 2017

710,000

At 31st March 2016

590,000

Fair value at 31st March 2017 is represented by:

£

Valuation in 2017

505,000

Cost

205,000

710,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

5,302

5,594

Other debtors

42,513

49,205

47,815

54,799

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

170,002

-

Trade creditors

1,225

1,771

Other creditors

30,314

30,489

201,541

32,260

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Bank loans

-

170,002

9.	TRANSITIONAL ADJUSTMENT TO FRS102

The company adopted FRS102 Section 1A for the first time in the year ended 31st March 2017.

At 31st March 2015 : the previously reported revaluation reserve of £250,000 was reclassified as a fair

value reserve of £200,000, and a deferred tax charge of £50,000 was made which resulted in a

reduction in equity shareholder funds of £50,000.

At 31st March 2016 : the previously reported revaluation reserve of £385,000 was reclassified as a fair

value reserve of £308,000, and a deferred tax charge of £77,000 was made which resulted in a

reduction in equity shareholder funds of £77,000.