Blakeney Place Limited - Period Ending 2017-06-30

Registered number: 1638363

Blakeney Place Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 June 2017

Blakeney Place Limited

Balance Sheet as at 30 June 2017

	Note	2017 £	2016 £
Fixed assets
Tangible assets	4	216	216
Current assets
Debtors	5	707	159
Cash at bank and in hand		12,697	14,222
		13,404	14,381
Creditors: Amounts falling due within one year	6	(2,442)	(3,636)
Net current assets		10,962	10,745
Net assets		11,178	10,961
Capital and reserves
Called up share capital		28	28
Profit and loss account		11,150	10,933
Total equity		11,178	10,961

For the financial year ending 30 June 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 27 February 2018 and signed on its behalf by:
 

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

Prof R G F Garvey
Director

Blakeney Place Limited
(Registered number: 1638363)

Blakeney Place Limited

Notes to the Financial Statements for the Year Ended 30 June 2017

1	General information

The company is a private company limited by share capital incorporated in England.

The address of its registered office is:

Glendevon House
4 Hawthorn Park
Leeds
LS14 1PQ

These financial statements were authorised for issue by the Board on 27 February 2018.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Freehold land and buildings	Nil

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company during the year, was 0 (2016 - 0).

Blakeney Place Limited

Notes to the Financial Statements for the Year Ended 30 June 2017

4	Tangible assets

	Land and buildings £	Total £
Cost or valuation
At 1 July 2016	216	216
At 30 June 2017	216	216
Depreciation
Carrying amount
At 30 June 2017	216	216
At 30 June 2016	216	216

Included within the net book value of land and buildings above is £216 (2016 - £216) in respect of freehold land and buildings.
 

5

Debtors

	2017 £	2016 £
Service charges in arrears	267	-
Other debtors	440	159
Total current trade and other debtors	707	159

6

Creditors

	Note	2017 £	2016 £
Due within one year
Service charges in advance		505	2,001
Other creditors		1,000	1,071
Accrued expenses		937	564
		2,442	3,636