Breecy Limited - Limited company - abbreviated - 11.6

Breecy Limited - Limited company - abbreviated - 11.6

BREECY LIMITED - Company Information

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REGISTERED NUMBER: 02379902 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2014

FOR

BREECY LIMITED

BREECY LIMITED (REGISTERED NUMBER: 02379902)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Chartered Certified Accountants' Report 6

BREECY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2014







DIRECTOR: Mr M Fining





SECRETARY: Miss L Fining





REGISTERED OFFICE: Saxedane Lodge
22 Main Street
Nether Poppleton
YORK
North Yorkshire
YO26 6HS





REGISTERED NUMBER: 02379902 (England and Wales)





ACCOUNTANTS: Graham Sunley & Co Limited
Chartered Certified Accountants
52 Front Street
Acomb
York
North Yorkshire
YO24 3BX
Page 1
BREECY LIMITED (REGISTERED NUMBER: 02379902)

ABBREVIATED BALANCE SHEET
31 MARCH 2014

31.3.14 31.3.13
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 2,451 2,965
Investment property 3 871,500 830,000
873,951 832,965

CURRENT ASSETS
Debtors 4 194,506 49,250
Cash at bank 1,991 210
196,497 49,460
CREDITORS
Amounts falling due within one year 5 3,322 28,069
NET CURRENT ASSETS 193,175 21,391
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,067,126
854,356

CREDITORS
Amounts falling due after more than one
year
5
561,475
394,641
NET ASSETS 505,651 459,715

CAPITAL AND RESERVES
Called up share capital 6 300 300
Revaluation reserve 496,690 455,190
Profit and loss account 8,661 4,225
SHAREHOLDERS' FUNDS 505,651 459,715

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 director acknowledges his 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 notes form part of these abbreviated accounts

Page 2 continued...
BREECY LIMITED (REGISTERED NUMBER: 02379902)

ABBREVIATED BALANCE SHEET - continued
31 MARCH 2014


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 director on 11 December 2014 and were signed by:





Mr M Fining - Director


The notes form part of these abbreviated accounts

Page 3
BREECY LIMITED (REGISTERED NUMBER: 02379902)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2014

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention as modified by the revaluation
of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April
2008).

Fixed assets
All fixed assets are initially recorded at cost.

Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful
economic life of that asset as follows:

Plant & Machinery- 15% Reducing Balance
Fixtures & Fittings- 15% Reducing Balance

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement,
as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that
evidences a residual interest in the assets of the company after deducting all of its liabilities.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in
market value is transferred to a revaluation reserve.

Investment properties are revalued annually by the director or third party in accordance with Financial Reporting
Standards for Smaller Entities. The valuation is based upon open market value.

Going concern
The Director does not believe that there are any material uncertainties which would affect the ability of the
company to continue as a going concern. The bank facility is subject to annual review however all covenants
within the loan agreement have been met and the director does not foresee that the facility will not be renewed at
any stage.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2013 17,040
Disposals 217
At 31 March 2014 17,257
DEPRECIATION
At 1 April 2013 14,075
Charge for year 432
Eliminated on disposal 299
At 31 March 2014 14,806
NET BOOK VALUE
At 31 March 2014 2,451
At 31 March 2013 2,965

Page 4 continued...
BREECY LIMITED (REGISTERED NUMBER: 02379902)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 MARCH 2014

3. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 April 2013 830,000
Revaluations 41,500
At 31 March 2014 871,500
NET BOOK VALUE
At 31 March 2014 871,500
At 31 March 2013 830,000

4. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

The aggregate total of debtors falling due after more than one year is £ 130,500

5. CREDITORS

Creditors include an amount of £ 561,475 (31.3.13 - £ 421,209 ) for which security has been given.

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

31.3.14 31.3.13
£    £   
Repayable by instalments - 273,972

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.14 31.3.13
value: £    £   
300 Ordinary £1 300 300

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Mr M Fining has received advances from the company with a balance outstanding at 31 March 2014 of £51,591
(2013 £38,132). The total amount repaid during the year was £4,132. Interest of £1,980 was charged on the
loan and added to the balance. £51,591 was the maximum outstanding balance throughout the year. Interest has
been charged at 4% and there are no formal repayment terms.

Page 5
CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
BREECY LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)
have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of Breecy Limited for the year ended 31 March 2014 which comprise the Profit and Loss Account,
the Balance Sheet, and the related notes from the company's accounting records and from information and explanations
you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and
other professional requirements which are detailed at http://rulebook.accaglobal.com.

This report is made solely to the director of Breecy Limited in accordance with our terms of engagement. Our work has
been undertaken solely to prepare for your approval the financial statements of Breecy Limited and state those matters
that we have agreed to state to the director of Breecy Limited in this report in accordance with the requirements of the
Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest
extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for
our work or for this report.

It is your duty to ensure that Breecy Limited has kept adequate accounting records and to prepare statutory financial
statements that give a true and fair view of the assets, liabilities, financial position and profit of Breecy Limited. You
consider that Breecy Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Breecy Limited. For this
reason, we have not verified the accuracy or completeness of the accounting records or information and explanations
you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Graham Sunley & Co Limited
Chartered Certified Accountants
52 Front Street
Acomb
York
North Yorkshire
YO24 3BX


11 December 2014

This page does not form part of the abbreviated accounts

Page 6