BS_(DEVELOPMENTS)_LIMITED - Accounts
BS_(DEVELOPMENTS)_LIMITED - Accounts
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED
31 MARCH 2014
MESTON REID & CO.
CHARTERED ACCOUNTANTS
12 CARDEN PLACE
ABERDEEN
AB10 1UR
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
Current assets
Debtors
Cash at bank and in hand
Creditors: amounts falling due within one year
(6,684 )
(34,656 )
Net current assets/(liabilities)
(15,886 )
Total assets less current liabilities
Capital and reserves
Called up share capital
3
Profit and loss account
Shareholders' funds
Directors' responsibilities:
-
-
Approved by the Board for issue on 18 December 2014
Director
Company Registration No. SC088783
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2014
- 2 -
1
Accounting policies
1.1
Accounting convention
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
1.4
Tangible fixed assets and depreciation
Computer equipment
The value of the investment property is assessed annually by the directors and included in the balance sheet at open market value in accordance with SSAP19. The surplus or deficit on revaluation is transferred to a revaluation reserve except where the deficit reduces the property below its historical cost in which case it is taken to the profit and loss account.
No depreciation is provided on the investment property which is a departure from the requirements of the Companies Act 2006. In the opinion of the directors the property is held primarily for investment potential and so the current value is of more significance than any measure of consumption, and to depreciate would not give a true and fair view.
The provisions of SSAP19 in respect of investment properties have been adopted in order to give a true and fair view. If the departure from the Companies Act 2006 had not been made, the operating profit for the year would have been reduced by depreciation. However, the amount of depreciation cannot reasonably be quantified and the amount which might otherwise have been shown cannot be separately identified.
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2014
- 3 -
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2013
Additions
At 31 March 2014
Depreciation
At 1 April 2013
-
Charge for the year
At 31 March 2014
Net book value
At 31 March 2014
At 31 March 2013
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid