B P PROPERTY SERVICES LIMITED - Period Ending 2014-06-30

Registration number: 03584401

B P PROPERTY SERVICES LIMITED

Unaudited Abbreviated Accounts

for the Year Ended 30 June 2014
 

Minney & Company Limited
Chartered Accountants
59 Union Street
Dunstable
Beds
LU6 1EX

B P PROPERTY SERVICES LIMITED
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
B P PROPERTY SERVICES LIMITED
for the Year Ended 30 June 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of B P PROPERTY SERVICES LIMITED for the year ended 30 June 2014 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of B P PROPERTY SERVICES LIMITED, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of B P PROPERTY SERVICES LIMITED and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than B P PROPERTY SERVICES LIMITED and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that B P PROPERTY SERVICES LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of B P PROPERTY SERVICES LIMITED. You consider that B P PROPERTY SERVICES LIMITED is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of B P PROPERTY SERVICES LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Minney & Company Limited
Chartered Accountants
59 Union Street
Dunstable
Beds
LU6 1EX

15 December 2014

Page 1

B P PROPERTY SERVICES LIMITED
(Registration number: 03584401)
Abbreviated Balance Sheet at 30 June 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets		2			401,433			483,364
Current assets
Debtors					663			9,740
Cash at bank and in hand					5,176			2,463
					5,839			12,203
Creditors: Amounts falling due within one year					(151,149)			(12,819)
Net current liabilities					(145,310)			(616)
Net assets					256,123			482,748
Capital and reserves
Called up share capital		3			1			2
Capital redemption reserve					1			-
Profit and loss account					256,121			482,746
Shareholders' funds					256,123			482,748

For the year ending 30 June 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 15 December 2014

.........................................
P Shepperd
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

B P PROPERTY SERVICES LIMITED
Notes to the Abbreviated Accounts for the Year Ended 30 June 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

The freehold property is not depreciated on an annual basis. In the opinion of the director the property is maintained to a sufficiently high standard that depreciation would be negligible. Consideration is also given to the current market value relative to cost.

Asset class	Depreciation method and rate
Land and buildings	0%

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 July 2013		483,364			483,364
Disposals		(81,931)			(81,931)
At 30 June 2014		401,433			401,433
Depreciation
At 30 June 2014		-			-
Net book value
At 30 June 2014		401,433			401,433
At 30 June 2013		483,364			483,364

Page 3

B P PROPERTY SERVICES LIMITED
Notes to the Abbreviated Accounts for the Year Ended 30 June 2014
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary shares of £1 each		1			1			2			2

Purchase of own shares

During the year the company purchased 1 of its own Ordinary shares at a nominal value of £1. The Ordinary shares were purchased for a consideration of £316,000 and represent 50% of the called up share capital of that class of share. The shares were purchased upon the retirement of one of the directors from the company

The maximum number of its own shares held by the company during the year was 1 having a maximum aggregate nominal value of £1.

Page 4