Bethrick Limited Filleted accounts for Companies House (small and micro)
Bethrick Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
08170706
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Statement of Financial Position |
2017 |
2016 |
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Note |
£ |
£ |
£ |
Fixed assets
Tangible assets |
4 |
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Current assets
Debtors |
5 |
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Cash at bank and in hand |
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--------- |
-------- |
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Creditors: amounts falling due within one year |
6 |
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--------- |
-------- |
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Net current assets |
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------------ |
------------ |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
7 |
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Provisions
Taxation including deferred tax |
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------------ |
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Net assets |
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------------ |
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Capital and reserves
Called up share capital |
8 |
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Profit and loss account |
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--------- |
--------- |
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
Directors' responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
29 May 2018
, and are signed on behalf of the board by:
Director
Company registration number:
08170706
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Notes to the Financial Statements |
Year ended 31 August 2017
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Counsells, Smithbrook Kilns, Cranleigh, Surrey, GU6 8JJ.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Transition to FRS 102
The entity transitioned from previous UK GAAP to FRS 102 as at 1 September 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 10.
Revenue recognition
Income tax
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures & Fittings |
- |
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Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Provisions
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4.
Tangible assets
Land and buildings |
Fixtures and fittings |
Total |
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£ |
£ |
£ |
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Cost or valuation |
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At 1 September 2016 |
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Additions |
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– |
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Revaluations |
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– |
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------- |
------------ |
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At 31 August 2017 |
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------------ |
------- |
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Depreciation |
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At 1 September 2016 |
– |
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Charge for the year |
– |
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------------ |
------- |
------------ |
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At 31 August 2017 |
– |
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------- |
------------ |
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Carrying amount |
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At 31 August 2017 |
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– |
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------------ |
------- |
------------ |
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At 31 August 2016 |
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------------ |
------- |
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5.
Debtors
2017 |
2016 |
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£ |
£ |
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Other debtors |
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---- |
---- |
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6.
Creditors:
amounts falling due within one year
2017 |
2016 |
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£ |
£ |
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Corporation tax |
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Other creditors |
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-------- |
-------- |
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-------- |
-------- |
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7.
Creditors:
amounts falling due after more than one year
2017 |
2016 |
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£ |
£ |
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Other creditors |
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8.
Called up share capital
Issued, called up and fully paid
2017 |
2016 |
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No. |
£ |
No. |
£ |
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2 |
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2 |
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---- |
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9.
Related party transactions
The company was under the control of the directors throughout the current year. The balance of £2,178,434 (2016: £1,015,749) sitting in other creditors due after more than one year relates to an amount owed to the directors of the company.
10.
Transition to FRS 102
These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 September 2015.
Reconciliation of equity
1 September 2015 |
31 August 2016 |
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As previously stated |
Effect of transition |
FRS 102 (as restated) |
As previously stated |
Effect of transition |
FRS 102 (as restated) |
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£ |
£ |
£ |
£ |
£ |
£ |
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Fixed assets |
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Current assets |
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– |
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– |
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Creditors: amounts falling due within one year |
(
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– |
(
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(
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– |
(
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------------ |
-------- |
------------ |
------------ |
--------- |
------------ |
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Net current assets |
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– |
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– |
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------------ |
-------- |
------------ |
------------ |
--------- |
------------ |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
(
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– |
(
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(
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– |
(
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Provisions |
– |
– |
– |
– |
(
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(
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------------ |
-------- |
------------ |
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--------- |
------------ |
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Net assets |
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------------ |
-------- |
------------ |
------------ |
--------- |
------------ |
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------------ |
-------- |
------------ |
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--------- |
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Capital and reserves |
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------------ |
-------- |
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In accordance with the provisions of FRS 102, the company's freehold properties have been revalued to current market value by the directors at each year end. The revaluation surplus is reported as part of the result for the relevant year. A provision for deferred tax has also been made for the potential taxation liability that would arise in the event of sale of the properties at their revalued amount.