Byrmoor Properties Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 04518773 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2017

FOR

BYRMOOR PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr M J Rawley

REGISTERED OFFICE:

69 Waterside Trading Centre

Hanwell

London

W7 2QD

REGISTERED NUMBER:

04518773 (England and Wales)

ACCOUNTANTS:

TaxAgility Accountants Ltd

Chartered Accountants

34 Lower Richmond Road

Putney

London

SW15 1JP

FIXED ASSETS

Tangible assets

4

900,507

395,234

CURRENT ASSETS

Cash at bank

4,292

7,152

CREDITORS

Amounts falling due within one year

5

(252,651

)

(266,827

)

NET CURRENT LIABILITIES

(248,359

)

(259,675

)

TOTAL ASSETS LESS CURRENT LIABILITIES

652,148

135,559

CREDITORS

Amounts falling due after more than one year

6

-

(24,157

)

NET ASSETS

652,148

111,402

CAPITAL AND RESERVES

Called up share capital

8

100

100

Fair value reserve

9

504,766

-

Retained earnings

9

147,282

111,302

SHAREHOLDERS' FUNDS

652,148

111,402

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 29 May 2018 and were signed by:

Mr M J Rawley - Director

1.	STATUTORY INFORMATION

Byrmoor Properties Limited is a private company, limited by shares , registered in England and Wales. The

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

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover comprises of rental income exclusive of VAT where applicable.

Tangible fixed assets

All tangible fixed assets are depreciated at 25% per annum on the reducing balance, with the exemption of

freehold premises, which are not depreciated.

Freehold premises are stated at estimated market value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL.

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

property

fittings

Totals

£

£

£

COST OR VALUATION

At 1 September 2016

395,234

-

395,234

Additions

-

557

557

Revaluations

504,766

-

504,766

At 31 August 2017

900,000

557

900,557

DEPRECIATION

Charge for year

-

50

50

At 31 August 2017

-

50

50

NET BOOK VALUE

At 31 August 2017

900,000

507

900,507

At 31 August 2016

395,234

-

395,234

Included in cost or valuation of land and buildings is freehold land of £ 900,000 (2016 - £ 395,234 ) which is not

depreciated.

Cost or valuation at 31 August 2017 is represented by:

Fixtures

Freehold

and

property

fittings

Totals

£

£

£

Valuation in 2017

504,766

-

504,766

Cost

395,234

557

395,791

900,000

557

900,557

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.17

31.8.16

£

£

Bank loans and overdrafts

25,254

46,555

Trade creditors

8,300

8,300

Taxation and social security

26,264

38,058

Other creditors

192,833

173,914

252,651

266,827

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.17

31.8.16

£

£

Bank loans

-

24,157

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

24,157

7.	SECURED DEBTS

The following secured debts are included within creditors:

31.8.17

31.8.16

£

£

Bank loans

25,254

70,712

The bank loans and overdrafts are secured by a charge over the company's assets and other assets provided as

security by the director and company secretary.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.17

31.8.16

value:

£

£

100

Ordinary Share

1

100

100

9.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 September 2016

111,302

-

111,302

Profit for the year

550,746

-

550,746

Dividends

(10,000

)

-

(10,000

)

Freehold prop Revaluations

(504,766

)

504,766

-

At 31 August 2017

147,282

504,766

652,048

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £10,000 were paid to the director .

It is confirmed that the director’s current account is debited with personal transactions and credited with

director’s remuneration as well as dividends.

The loan is unsecured, interest free and no repayment terms have been agreed.

The balance owing to the director was £17,227 (2016: £168).