BQ Properties (Hatfield) Limited - Accounts to registrar (filleted) - small 18.1
BQ Properties (Hatfield) Limited - Accounts to registrar (filleted) - small 18.1
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 AUGUST 2017 |
| FOR |
| BQ PROPERTIES (HATFIELD) LIMITED |
| BQ PROPERTIES (HATFIELD) LIMITED (REGISTERED NUMBER: 09719100) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 AUGUST 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Chartered Accountants' Report | 5 |
| BQ PROPERTIES (HATFIELD) LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 AUGUST 2017 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Harben House |
| Harben Parade |
| Finchley Road |
| LONDON |
| NW3 6LH |
| BQ PROPERTIES (HATFIELD) LIMITED (REGISTERED NUMBER: 09719100) |
| BALANCE SHEET |
| 31 AUGUST 2017 |
| 2017 | 2016 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Stocks | 3 |
| Debtors | 4 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
| The financial statements were approved by the Board of Directors on |
| BQ PROPERTIES (HATFIELD) LIMITED (REGISTERED NUMBER: 09719100) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 AUGUST 2017 |
| 1. | STATUTORY INFORMATION |
| Bq Properties (Hatfield) Limited is a |
| 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 |
| This is the first year that the company has presented its results under FRS 102. The last financial statements under |
| UK GAAP were for the year ended 31 August 2016. The date of transition to FRS 102 was 5 August 2015. |
| Turnover |
| Turnover is recognised on completion of sales and not on exchange of contracts. |
| Stocks |
| Work in progress is valued at the lower of cost and net realisable value. |
| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in |
| bringing stocks to their present location and condition. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to |
| the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
| substantively enacted by the balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those |
| in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have |
| been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing |
| difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will |
| be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| Financial instruments |
| The company only enters into basic financial instruments transactions that result in the recognition of financial assets |
| and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related |
| parties and investments in non-puttable ordinary shares. |
| Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for |
| objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in |
| profit or loss. |
| Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an |
| enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the |
| asset and settle the liability simultaneously. |
| BQ PROPERTIES (HATFIELD) LIMITED (REGISTERED NUMBER: 09719100) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 AUGUST 2017 |
| 3. | STOCKS |
| 2017 | 2016 |
| £ | £ |
| Work-in-progress |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Other debtors |
| Directors' current accounts | 225 | 225 |
| VAT |
| Prepayments and accrued income |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Bank loans and overdrafts (see note 6) |
| Trade creditors |
| Other creditors |
| Directors' current accounts | 349,750 | 349,750 |
| Accrued expenses |
| 6. | LOANS |
| An analysis of the maturity of loans is given below: |
| 2017 | 2016 |
| £ | £ |
| Amounts falling due within one year or on demand: |
| Bank loans |
| 7. | RELATED PARTY DISCLOSURES |
| During the year the company paid £63,100 (2016 £22,500) consultancy fee to entities under common control. |
| At 30th April 2017 £1,112,114 (2016 £1,1094,282) was owed to entities under common control. At the same date |
| £416,277 (2016 £525) was owed by entities under common control. |
| Amounts owed to/from companies under common control are unsecured, repayable on demand and interest free. |
| 8. | FIRST YEAR ADOPTION |
| This is the first year that the company has presented its results under FRS 102 (Section 1A). The last financial |
| statements under the UK GAAP were for the year ended 31 August 2016. The date of transition to FRS 102 was 5 |
| August 2015. |
| CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
| ON THE UNAUDITED FINANCIAL STATEMENTS OF |
| BQ PROPERTIES (HATFIELD) LIMITED |
| The following reproduces the text of the report prepared for the directors in respect of the company's annual |
| unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to |
| file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements |
| and the Report of the Directors are not required to be filed with the Registrar of Companies. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial |
| statements of Bq Properties (Hatfield) Limited for the year ended 31 August 2017 which comprise the Profit and Loss |
| Account, 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
| This report is made solely to the Board of Directors of Bq Properties (Hatfield) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Bq Properties (Hatfield) Limited and state those matters that we have agreed to state to the Board of Directors of Bq Properties (Hatfield) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bq Properties (Hatfield) Limited and its Board of Directors, as a body, for our work or for this report. |
| It is your duty to ensure that Bq Properties (Hatfield) 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 loss of Bq Properties (Hatfield) Limited. You consider that Bq Properties (Hatfield) 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 Bq Properties (Hatfield) 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. |
| Chartered Accountants |
| Harben House |
| Harben Parade |
| Finchley Road |
| LONDON |
| NW3 6LH |