B.M.B. DEVELOPMENTS LIMITED

B.M.B. DEVELOPMENTS LIMITED

B.M.B. DEVELOPMENTS LIMITED - Company Information

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B.M.B. DEVELOPMENTS LIMITED

Company Registration Number:
03157720 (England and Wales)

Unaudited abridged accounts for the year ended 22 March 2017

Period of accounts

Start date: 23 March 2016

End date: 22 March 2017

B.M.B. DEVELOPMENTS LIMITED

Contents of the Financial Statements

for the Period Ended 22 March 2017

Balance sheet
Notes

B.M.B. DEVELOPMENTS LIMITED

Balance sheet

As at 22 March 2017


Notes
2017
2016


£
£
Fixed assets
Investments: 3 4,250,028 4,250,028
Total fixed assets: 4,250,028 4,250,028
Current assets
Debtors:   172,421 175,400
Cash at bank and in hand: 82,166 49,021
Total current assets: 254,587 224,421
Creditors: amounts falling due within one year:   (93,736) (82,385)
Net current assets (liabilities): 160,851 142,036
Total assets less current liabilities: 4,410,879 4,392,064
Creditors: amounts falling due after more than one year:   (1,101,240) (1,128,397)
Total net assets (liabilities): 3,309,639 3,263,667
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 3,309,539 3,263,567
Shareholders funds: 3,309,639 3,263,667

The notes form part of these financial statements

B.M.B. DEVELOPMENTS LIMITED

Balance sheet statements

For the year ending 22 March 2017 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 27 March 2018
and signed on behalf of the board by:

Name: J F Barnett
Status: Director

The notes form part of these financial statements

B.M.B. DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 22 March 2017

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets and depreciation policy

Tangible fixed assets under the cost model, other than investment properties, are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Valuation and information policy

Investments in subsidiaries are measured at cost less accumulated impairment.Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

B.M.B. DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 22 March 2017

2. Employees

2017 2016
Average number of employees during the period 2 2

B.M.B. DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 22 March 2017

3. Fixed investments

Investment in subsidiaries - £2 (2016 - £2)Investment in unlisted Investments - £26 (2016: £26)

B.M.B. DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 22 March 2017

4. Loans to directors

Name of director receiving advance or credit: J F Barnett
Description of the loan: Amounts due from the director
£
Balance at 23 March 2016 0
Advances or credits made: 6,793
Balance at 22 March 2017 6,793
Name of director receiving advance or credit: K V Brewster
Description of the loan: Amounts due from the director
£
Balance at 23 March 2016 0
Advances or credits made: 6,793
Balance at 22 March 2017 6,793

B.M.B. DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 22 March 2017

5. Related party transactions

Name of the related party: Empire Property Company Limited
Relationship:
Subsidiary
Description of the Transaction: Amount due from
£
Balance at 23 March 2016 81,240
Balance at 22 March 2017 66,904
Name of the related party: Sheerbrook Homes Limited
Relationship:
Associated company
Description of the Transaction: Amounts due from
£
Balance at 23 March 2016 86,821
Balance at 22 March 2017 88,835

There are no fixed terms of interest or repayment in respect of these amounts.