Birchanger Investment Company Limited - Limited company accounts 18.1.1
Birchanger Investment Company Limited - Limited company accounts 18.1.1
| REGISTERED NUMBER: |
| BIRCHANGER INVESTMENT COMPANY LIMITED |
| REPORT OF THE DIRECTORS AND |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 5 APRIL 2018 |
| BIRCHANGER INVESTMENT COMPANY LIMITED (REGISTERED NUMBER: 00712885) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 5 APRIL 2018 |
| Page |
| Company Information | 1 |
| Report of the Directors | 2 |
| Income Statement | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 6 |
| BIRCHANGER INVESTMENT COMPANY LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 5 APRIL 2018 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 35/37 Brent Street |
| London |
| NW4 2EF |
| BIRCHANGER INVESTMENT COMPANY LIMITED (REGISTERED NUMBER: 00712885) |
| REPORT OF THE DIRECTORS |
| FOR THE YEAR ENDED 5 APRIL 2018 |
| The directors present their report with the financial statements of the company for the year ended 5 April 2018. |
| DIRECTORS |
| The directors shown below have held office during the whole of the period from 6 April 2017 to the date of this report. |
| This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small |
| companies. |
| ON BEHALF OF THE BOARD: |
| BIRCHANGER INVESTMENT COMPANY LIMITED (REGISTERED NUMBER: 00712885) |
| INCOME STATEMENT |
| FOR THE YEAR ENDED 5 APRIL 2018 |
| 2018 | 2017 |
| Notes | £ | £ |
| TURNOVER |
| Administrative expenses |
| OPERATING PROFIT | 4 |
| Interest receivable and similar income |
| PROFIT BEFORE TAXATION |
| Tax on profit |
| PROFIT FOR THE FINANCIAL YEAR |
| BIRCHANGER INVESTMENT COMPANY LIMITED (REGISTERED NUMBER: 00712885) |
| BALANCE SHEET |
| 5 APRIL 2018 |
| 2018 | 2017 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 5 |
| Investment property | 6 |
| CURRENT ASSETS |
| Debtors | 7 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Fair value reserve | 9 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| BIRCHANGER INVESTMENT COMPANY LIMITED (REGISTERED NUMBER: 00712885) |
| BALANCE SHEET - continued |
| 5 APRIL 2018 |
| The financial statements were approved by the Board of Directors on |
| BIRCHANGER INVESTMENT COMPANY LIMITED (REGISTERED NUMBER: 00712885) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 5 APRIL 2018 |
| 1. | STATUTORY INFORMATION |
| Birchanger Investment Company Limited is a |
| 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 |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in |
| fair value is recognised in profit or loss. |
| 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. |
| Turnover |
| Turnover represents the rental income received from its investment properties. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| BIRCHANGER INVESTMENT COMPANY LIMITED (REGISTERED NUMBER: 00712885) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 5 APRIL 2018 |
| 4. | OPERATING PROFIT |
| The operating profit is stated after charging: |
| 2018 | 2017 |
| £ | £ |
| Depreciation - owned assets |
| 5. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Plant and | and | Motor | Computer |
| machinery | fittings | vehicles | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 6 April 2017 |
| and 5 April 2018 |
| DEPRECIATION |
| At 6 April 2017 |
| Charge for year |
| At 5 April 2018 |
| NET BOOK VALUE |
| At 5 April 2018 |
| At 5 April 2017 |
| 6. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 6 April 2017 |
| and 5 April 2018 |
| NET BOOK VALUE |
| At 5 April 2018 |
| At 5 April 2017 |
| Fair value at 5 April 2018 is represented by: |
| £ |
| Valuation in 2018 | 1,428,717 |
| Cost | 274,221 |
| 1,702,938 |
| BIRCHANGER INVESTMENT COMPANY LIMITED (REGISTERED NUMBER: 00712885) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 5 APRIL 2018 |
| 6. | INVESTMENT PROPERTY - continued |
| If investment property had not been revalued it would have been included at the following historical cost: |
| 2018 | 2017 |
| £ | £ |
| Cost | 274,221 | 274,221 |
| Investment property was valued on an open market basis on 5 April 2018 by Mrs M Tarrant, a director . |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Other debtors |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Taxation and social security |
| Other creditors |
| 9. | RESERVES |
| Fair |
| value |
| reserve |
| £ |
| At 6 April 2017 |
| Deferred tax | 16,675 |
| At 5 April 2018 |