Brislington Properties Limited Company Accounts
Brislington Properties Limited Company Accounts
COMPANY REGISTRATION NUMBER:
03337478
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Financial Statements |
Year ended 31 March 2017
Contents |
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Statement of financial position |
1 |
Notes to the financial statements |
2 |
The following pages do not form part of the financial statements
Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements |
6 |
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Statement of Financial Position |
2017 |
2016 |
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Note |
£ |
£ |
£ |
Current assets
Cash at bank and in hand |
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Creditors: amounts falling due within one year |
5 |
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Net current assets |
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Total assets less current liabilities |
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Net assets |
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Capital and reserves
Called up share capital |
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Profit and loss account |
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Directors' responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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These financial statements were approved by the
board of directors
and authorised for issue on
17 December 2017
, and are signed on behalf of the board by:
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Director |
Company registration number:
03337478
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Notes to the Financial Statements |
Year ended 31 March 2017
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit B 22 Emery Road, Brislington, Bristol, BS4 5PF.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Transition to FRS 102
The entity transitioned from previous UK GAAP to FRS 102 as at 1 April 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 7.
Revenue recognition
Income tax
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings |
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Impairment of fixed assets
Financial instruments
4.
Tangible assets
Fixtures and fittings |
Total |
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£ |
£ |
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Cost |
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At 1 April 2016 and 31 March 2017 |
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Depreciation |
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At 1 April 2016 and 31 March 2017 |
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Carrying amount |
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At 31 March 2017 |
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At 31 March 2016 |
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5.
Creditors:
amounts falling due within one year
2017 |
2016 |
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£ |
£ |
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Corporation tax |
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Other creditors |
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6.
Related party transactions
The company was under the control of
Mr K M Fegan
and Mr R P Fegan throughout the current and previous year. Mr K M Fegan
and Mr R P Fegan are both managing directors and majority shareholders. The company pays a management charge in respect of properties owned by the directors (including family interests). Charge of £18,000 (2016: £18,000) was paid at normal commercial rate. At the year end the company owed the directors £51,864 (2016: £40,592). This loan is repayable on demand, unsecured and no interest has been charged.
7.
Transition to FRS 102
These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 April 2015.
No transitional adjustments were required in equity or profit or loss for the year.
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Management Information |
Year ended 31 March 2017
The following pages do not form part of the financial statements.
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Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of
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Year ended 31 March 2017
2 Charnwood House
Marsh Road
Ashton
Bristol
BS3 2NA