Birchwood View Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 07925577 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2017

FOR

BIRCHWOOD VIEW LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D Iles

N L Bailey

Mrs J C Bailey

Mrs G A Iles

REGISTERED OFFICE:

9 Portland Square

BRISTOL

BS2 8ST

REGISTERED NUMBER:

07925577 (England and Wales)

ACCOUNTANTS:

Goldwyns (Bristol) Limited

9 Portland Square

BRISTOL

BS2 8ST

CURRENT ASSETS

Stocks

4

362,234

429,060

Debtors

5

137,564

3,288

Cash at bank

246,065

3,963

745,863

436,311

CREDITORS

Amounts falling due within one year

6

611,697

358,490

NET CURRENT ASSETS

134,166

77,821

TOTAL ASSETS LESS CURRENT LIABILITIES

134,166

77,821

CAPITAL AND RESERVES

Called up share capital

7

4

4

Retained earnings

134,162

77,817

SHAREHOLDERS' FUNDS

134,166

77,821

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 22 February 2018 and were signed on its behalf by:

N L Bailey - Director

1.	STATUTORY INFORMATION

Birchwood View Limited 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.

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

These financial statements for the year ended 30 June 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 1 July 2015. No changes have been required to either the current year or the

comparative figures as a result of reporting under FRS 102 Section 1A, as illustrated on pages 9-11.

Turnover

Turnover represents net sales of property, excluding value added tax. Sales are recognised when contracts have

been exchanged.

Stocks

Stocks of properties and properties under development are valued at the lower of cost and net realisable value,

after making due allowance for reductions in value based on current market conditions.

Financial instruments

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at

transaction price. Any losses arising from impairment are recognised in the Income Statement in administrative

expenses.

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently,

they are measured at amortised cost using the effective rate of interest.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2016 - NIL).

4.

STOCKS

2017

2016

£

£

Stocks

362,234

429,060

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other debtors

133,095

2,000

Directors' current accounts

2

-

VAT

4,467

1,288

137,564

3,288

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other loans

15,000

-

Trade creditors

14,101

2,526

Tax

4,788

28,933

Other creditors

18,400

39,063

Directors' current accounts

450,918

284,403

Accruals and deferred income

108,490

3,565

611,697

358,490

7.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2017

2016

value:

£

£

2

Ordinary A

£1

2

2

2

Ordinary B

£1

2

2

4

4

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2017 and

30 June 2016:

2017

2016

£

£

D Iles

Balance outstanding at start of year

-

-

Amounts advanced

2

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

2

-

The advance is interest free and repayable on demand.

9.	RELATED PARTY DISCLOSURES

Loans from owner-directors with a participating interest in the company

During the period, owner-directors have in aggregate made advancements of £167,186 (2016: £203,000) to the

company and received repayments of £673 (2016: nil) from the company. The aggregate amount due to them at

the balance sheet date was £450,916 (2016: £284,403). These loans are unsecured, have no fixed repayment

terms and interest is only being charged on elements on which interest is personally incurred elsewhere..