Beckenham and Bromley Property Managemen - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 07635600 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2017

FOR

BECKENHAM AND BROMLEY PROPERTY

MANAGEMENT LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Ms S Komaromi

REGISTERED OFFICE:

27 Seven Acres

New Ash Green

Longfield

Kent

DA3 8RN

REGISTERED NUMBER:

07635600 (England and Wales)

ACCOUNTANTS:

Acuity Professional (Bromley) LLP

Business Advisers & Accountants

Fifth Floor

11 Leadenhall Street

London

EC3 V1LP

FIXED ASSETS

Tangible assets

4

7,361

8,552

CURRENT ASSETS

Debtors

5

1,300

65

Cash at bank

5,158

7,138

6,458

7,203

CREDITORS

Amounts falling due within one year

6

2,011

5,304

NET CURRENT ASSETS

4,447

1,899

TOTAL ASSETS LESS CURRENT LIABILITIES

11,808

10,451

CAPITAL AND RESERVES

Called up share capital

7

11

11

Retained earnings

8

11,797

10,440

SHAREHOLDERS' FUNDS

11,808

10,451

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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 22 June 2018 and were signed by:

Ms S Komaromi - Director

1.	STATUTORY INFORMATION

Beckenham and Bromley Property Management 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

FIRST YEAR ADOPTION OF FINANCIAL REPORTING STANDARD 102 ( FRS 102) SECTION 1A

These financial statements for the year ended 30 September 2017 are the first that are prepared in accordance with

FRS 102 Section 1A. The previous financial statements were prepared in accordance with UK GAAP, the date of

transition to FRS 102 Section 1A is 1 October 2015.

TURNOVER

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

value added tax and other sales taxes.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

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 accounts receivable and payable, loans from banks and other third parties.

Financial assets that are measured at cost and amortized 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 recognized in

profit or loss.

For financial assets measured at amortized cost, the impairment loss is measured as the difference between an asset's

carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest

rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current

effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an

asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would

receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there

is an enforceable right to set off the recognized amounts and there is an intention to settle on a net basis or to realise

the asset and settle the liability simultaneously.

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 statement of financial position date.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

DEBTORS

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at

fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest

method, less any impairment.

CREDITORS

Short term creditors are measured at the transaction price. Loans from the director shareholders who are natural

persons are also measured at transaction price irrespective of duration. Other financial liabilities, including bank

loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost

using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2016 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

Cost

At 1 October 2016

11,435

3,795

15,230

Additions

1,262

-

1,262

At 30 September 2017

12,697

3,795

16,492

Depreciation

At 1 October 2016

6,564

114

6,678

Charge for year

1,533

920

2,453

At 30 September 2017

8,097

1,034

9,131

Net book value

At 30 September 2017

4,600

2,761

7,361

At 30 September 2016

4,871

3,681

8,552

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other debtors

1,300

65

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Tax

482

1,048

Other creditors

852

3,074

Directors' current accounts

77

382

Accrued expenses

600

800

2,011

5,304

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

11

Ordinary

£1

11

11

8.

RESERVES

Retained

earnings

£

At 1 October 2016

10,440

Profit for the year

1,357

At 30 September 2017

11,797

9.	FIRST YEAR ADOPTION

The policies applied under the entity's previous accounting framework are not materially different to FRS

102 and have not impacted on equity or profit or loss.