Bulhampton Properties Ltd - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 09532951 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2017

for

Bulhampton Properties Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors:

R J Grievson

N C Radbourne

Registered office:

Totterdown House Totterdown

Inkpen

Hungerford

Berkshire

RG17 9EA

Registered number:

09532951 (England and Wales)

Accountants:

FUSE Accountants LLP

Manger House

62a Highgate High Street

London

N6 5HX

Current assets

Stocks

-

688,813

Debtors

3

778,872

1

Cash at bank

774

2,588

779,646

691,402

Creditors

Amounts falling due within one year

4

895,741

691,942

Net current liabilities

(116,095

)

(540

)

Total assets less current liabilities

(116,095

)

(540

)

Capital and reserves

Called up share capital

1

1

Retained earnings

(116,096

)

(541

)

Shareholders' funds

(116,095

)

(540

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2017 in accordance with Section 476 of the Companies Act 2006.

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.

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 Board of Directors on 19 June 2018 and were signed on its behalf by:

R J Grievson - Director

1.	Statutory information

Bulhampton Properties Ltd 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Property sales are recognised on exchange of contracts.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income

Statement, 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.

3.

Debtors: amounts falling due within one year

2017

2016

£

£

Other debtors

778,872

1

4.

Creditors: amounts falling due within one year

2017

2016

£

£

Amounts owed to group undertakings

894,841

691,042

Other creditors

900

900

895,741

691,942

5.	Related party disclosures

Barchester Properties Ltd

The parent company.

2017

2016

£

£

Amount due to related party at the balance sheet date

894,841

691,042

6.	Ultimate controlling party

The ultimate controlling party is the directors together.