Abbreviated Company Accounts - BZK INVESTMENTS LIMITED

BZK INVESTMENTS LIMITED - Company Information

08504034 BZK INVESTMENTS LIMITED 2014-03-31 false 2013-04-25 2014-03-31 true 08504034 2013-04-25 2014-03-31 08504034 2014-03-31 08504034 uk-gaap-cd-bus:Director1 2013-04-25 2014-03-31 08504034 uk-gaap-cd-bus:Director2 2013-04-25 2014-03-31 uk-gaap-cd-bus:Director3 2013-04-25 2014-03-31 uk-gaap-cd-bus:Director3 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-25 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 iso4217:GBP shares

Registered Number 08504034

BZK INVESTMENTS LIMITED

Abbreviated Accounts

31 March 2014

BZK INVESTMENTS LIMITED Registered Number 08504034

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014
		£
Fixed assets
Tangible assets	2	11,411,653
		11,411,653
Current assets
Debtors		227,197
Cash at bank and in hand		70,935
		298,132
Creditors: amounts falling due within one year		(393,516)
Net current assets (liabilities)		(95,384)
Total assets less current liabilities		11,316,269
Creditors: amounts falling due after more than one year		(11,490,319)
Total net assets (liabilities)		(174,050)
Capital and reserves
Called up share capital	3	1
Profit and loss account		(174,051)
Shareholders' funds		(174,050)

For the year ending 31 March 2014 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.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 18 December 2014

And signed on their behalf by:
Mr P Beaumont, Director

BZK INVESTMENTS LIMITED Registered Number 08504034

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements have been prepared on a going concern basis, which assumes that the company will continue in operational existence for the foreseeable future. This depends on the continued financial support of the company's directors.

Turnover policy
Turnover represents the fair value of consideration receivable, excluding Value Added Tax, in the ordinary course of business for goods and services provided.

Tangible assets depreciation policy
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:

Equipment - 25% reducing balance and 33% cost

Other accounting policies
Investment properties

Investment properties are shown at their open market value. The surplus or deficit arising from the annual revaluation is transferred to the investment revaluation reserve unless a deficit, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year.

This is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) which, unlike the Companies Act 2006, does not require depreciation of investment properties. Investment properties are held for their investment potential and not for use by the company and so their current value is of prime importance. The departure from the provisions of the Act is required in order to give a true and fair view.

Deferred taxation

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes which have arisen but not reversed by the balance sheet date, except as required by the FRSSE.

2Tangible fixed assets

	£
Cost
Additions	11,411,997
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	11,411,997
Depreciation
Charge for the year	344
On disposals	-
At 31 March 2014	344
Net book values
At 31 March 2014	11,411,653

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £
1 Ordinary shares of £1 each	1

During the period the company issued 1 Ordinary £1 share at par value.

4Transactions with directors

Name of director receiving advance or credit:	Mr G Farha
Description of the transaction:	Director loan
Balance at 25 April 2013:	-
Advances or credits made:	£ 2,500,000
Advances or credits repaid:	£ 2,500,000
Balance at 31 March 2014:	£ 0

During the period Mr G Farha loaned the company £2,500,000. This balance incurred interest of 5.5% per annum. The loan was repaid by the company during the period. Total interest charged was £113,014.