Birchfield Property Management Limited - Accounts to registrar (filleted) - small 18.1

Birchfield Property Management Limited - Accounts to registrar (filleted) - small 18.1

BIRCHFIELD PROPERTY MANAGEMENT LIMITED - Company Information

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REGISTERED NUMBER: 03133210 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2017

FOR

BIRCHFIELD PROPERTY MANAGEMENT LIMITED
BIRCHFIELD PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 03133210)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2017










Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 4


BIRCHFIELD PROPERTY MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2017







DIRECTOR: P Patel





REGISTERED OFFICE: 37 West Street
Croydon
Surrey
CR0 1DJ





REGISTERED NUMBER: 03133210 (England and Wales)





ACCOUNTANTS: Kings Mill Partnership
75 Park Lane
Croydon
Surrey
CR9 1XS
Page 1
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
BIRCHFIELD PROPERTY MANAGEMENT LIMITED


The following reproduces the text of the report prepared for the director in respect of the company's annual
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file
a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary
statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of Birchfield Property Management Limited for the year ended 30 September 2017 which comprise
the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and
from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Birchfield Property Management Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Birchfield Property Management Limited and state those matters that we have agreed to state to the director of Birchfield Property Management Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Birchfield Property Management Limited and its director for our work or for this report.

It is your duty to ensure that Birchfield Property Management Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Birchfield Property Management Limited. You consider that Birchfield Property Management Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Birchfield Property Management Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Kings Mill Partnership
75 Park Lane
Croydon
Surrey
CR9 1XS


27 June 2018

This page does not form part of the statutory financial statements

Page 2
BIRCHFIELD PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 03133210)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 829,432 849,228

CURRENT ASSETS
Cash at bank 197 972

CREDITORS
Amounts falling due within one year 4 239,601 240,321
NET CURRENT LIABILITIES (239,404 ) (239,349 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
590,028
609,879

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 5 541,028 541,028
Retained earnings 48,900 68,751
SHAREHOLDERS' FUNDS 590,028 609,879

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 Income Statement has not been delivered.

The financial statements were approved by the director on 27 June 2018 and were signed by:





P Patel - Director


The notes form part of these financial statements

Page 3
BIRCHFIELD PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 03133210)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2017


1. STATUTORY INFORMATION

Birchfield 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.

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.

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 November 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 on all tangible fixed assets at rates calculated to write off the cost of each asset over its
expected useful life or, if held under a finance lease, over the lease term, whichever is the shorter as follows:

Land & Buildings- 2% per annum on straight line method

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
statement of financial position 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.

Page 4 continued...
BIRCHFIELD PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 03133210)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2017


3. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST OR VALUATION
At 1 October 2016
and 30 September 2017 989,791
DEPRECIATION
At 1 October 2016 140,563
Charge for year 19,796
At 30 September 2017 160,359
NET BOOK VALUE
At 30 September 2017 829,432
At 30 September 2016 849,228

Cost or valuation at 30 September 2017 is represented by:

Land and
buildings
£   
Valuation in 2016 541,028
Cost 448,763
989,791

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Other creditors 239,601 240,321

5. RESERVES
Revaluation
reserve
£   
At 1 October 2016
and 30 September 2017 541,028

Page 5