Birkenhead Units Limited - Limited company - abbreviated

REGISTERED NUMBER: 07205391 (England and Wales)

Abbreviated Accounts for the Year Ended 31 March 2014

for

Birkenhead Units Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J Hennessy

Mrs S G Hennessy

REGISTERED OFFICE:

Office 1 Park Entrance Business Centre

2 Park Road

Birkenhead

Wirral

Merseyside

CH41 4EZ

REGISTERED NUMBER:

07205391 (England and Wales)

ACCOUNTANTS:

Cobham Murphy Limited

116 Duke Street

Liverpool

Merseyside

L1 5JW

FIXED ASSETS

Tangible assets

2

25,393

-

Investment property

3

1,784,106

1,341,388

1,809,499

1,341,388

CURRENT ASSETS

Stocks

-

17,564

Debtors

38,829

23,393

38,829

40,957

CREDITORS

Amounts falling due within one year

4

988,698

297,946

NET CURRENT LIABILITIES

(949,869

)

(256,989

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

859,630

1,084,399

CREDITORS

Amounts falling due after more than one
year

4

374,927

450,000

NET ASSETS

484,703

634,399

CAPITAL AND RESERVES

Called up share capital

5

2

Revaluation reserve

468,885

Profit and loss account

15,816

165,512

SHAREHOLDERS' FUNDS

484,703

634,399

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 23 December 2014 and were signed on its behalf
by:

J Hennessy - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation

of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April

2008).

Turnover

Turnover comprises rental income, which is recognised on a rents receivable basis.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

market value is transferred to a revaluation reserve.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

31,741

At 31 March 2014

31,741

DEPRECIATION

Charge for year

6,348

At 31 March 2014

6,348

NET BOOK VALUE

At 31 March 2014

25,393

3.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 April 2013

1,341,388

Additions

442,718

At 31 March 2014

1,784,106

NET BOOK VALUE

At 31 March 2014

1,784,106

At 31 March 2013

1,341,388

4.

CREDITORS

Creditors include an amount of £ 446,656 (31.3.13 - £ 450,000 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

2

Ordinary

£1

2

6.	ULTIMATE PARENT COMPANY

ZFH Limited is regarded by the directors as being the company's ultimate parent company.

7.	TRANSACTIONS WITH DIRECTORS

During the year the directors operated a current account with the company to which all transactions of a private

nature are charged. At the year end £60,280 (2013 £101,632) is included in other creditors.

8.	RELATED PARTY DISCLOSURES

At 31st March 2014 Birkenhead Units Limited owed £255,057 (2013 £18,845 debtor) to ZFH Limited, its parent

undertaking. During the year ZFH Limited was paid dividends of £180,000.

At the 31st March 2014, Birkenhead Units Limited was owed £497 (2013 Nil) by Plainbox Limited. Plainbox

Limited is a subsidiary of ZFH Limited, the parent company of Birkenhead Units Limited.

At the 31st March 2014, Birkenhead Units Limited was owed £13,125 (2013 Nil) by Birkenhead Commercial

Limited. Birkenhead Commercial Limited is a subsidiary of ZFH Limited, the parent company of Birkenhead

Units Limited.

Birkenhead Units Limited - Limited company - abbreviated - 11.6

Birkenhead Units Limited - Limited company - abbreviated - 11.6