Bucklane Estates Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 07574730 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

FOR

BUCKLANE ESTATES LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

M Lorincz

M Hirschler

REGISTERED OFFICE:

14 Clifton Gardens

South Tottenham

London

N15 6AP

REGISTERED NUMBER:

07574730 (England and Wales)

ACCOUNTANTS:

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

FIXED ASSETS

Investment property

2

479,035

479,035

CURRENT ASSETS

Debtors

6,620

-

Cash at bank

30,558

2,430

37,178

2,430

CREDITORS

Amounts falling due within one year

217,013

209,552

NET CURRENT LIABILITIES

(179,835

)

(207,122

)

TOTAL ASSETS LESS CURRENT LIABILITIES

299,200

271,913

CREDITORS

Amounts falling due after more than one year

3

271,679

276,345

NET ASSETS/(LIABILITIES)

27,521

(4,432

)

CAPITAL AND RESERVES

Called up share capital

4

1

1

Profit and loss account

27,520

(4,433

)

SHAREHOLDERS' FUNDS

27,521

(4,432

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 15 December 2014 and were signed on its behalf by:

M Lorincz - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net rent receivable, excluding value added tax.

Investment property

In accordance with Financial Reporting standard for Smaller Entities (effective April 2008), no depreciation or

amortisation is provided in respect of freehold investment properties nor on leasehold investment properties

having an unexpired term of more than twenty years. This departure from the requirements of the Companies Act

2006, for all properties to be depreciated, is necessary, as the director considers that this accounting policy

results in the financial statements giving true and fair view.

2.	INVESTMENT PROPERTY

Total

£

COST

At 1 April 2013

and 31 March 2014

479,035

NET BOOK VALUE

At 31 March 2014

479,035

At 31 March 2013

479,035

3.

CREDITORS

Creditors include the following debts falling due in more than five years:

31.3.14

31.3.13

£

£

Repayable by instalments

271,679

276,345

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

1

Ordinary

£1

1

1