Biggin Morrison Properties Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09298353 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2018

for

Biggin Morrison Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors:

J R Biggin

S G S Morrison

Registered office:

341 Latimer Road

London

W10 6RA

Registered number:

09298353 (England and Wales)

Accountants:

FUSE Accountants LLP

Pound House

62a Highgate High Street

London

N6 5HX

Fixed assets

Tangible assets

3

11,107

1,166

Current assets

Debtors

4

83,000

2,949

Cash at bank

142,822

11,293

225,822

14,242

Creditors

Amounts falling due within one year

5

54,898

18,270

Net current assets/(liabilities)

170,924

(4,028

)

Total assets less current liabilities

182,031

(2,862

)

Capital and reserves

Called up share capital

2

2

Retained earnings

182,029

(2,864

)

Shareholders' funds

182,031

(2,862

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 2 August 2018 and were signed on its behalf by:

S G S Morrison - Director

1.	Statutory information

Biggin Morrison Properties 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.

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.

Plant and machinery

-

20% on cost

Motor vehicles

-

20% on cost

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.	Tangible fixed assets

Plant and

Motor

machinery

vehicles

Totals

£

£

£

Cost

At 1 April 2017

1,458

-

1,458

Additions

558

12,233

12,791

At 31 March 2018

2,016

12,233

14,249

Depreciation

At 1 April 2017

292

-

292

Charge for year

403

2,447

2,850

At 31 March 2018

695

2,447

3,142

Net book value

At 31 March 2018

1,321

9,786

11,107

At 31 March 2017

1,166

-

1,166

4.

Debtors: amounts falling due within one year

2018

2017

£

£

Trade debtors

5,500

-

Amounts owed by associates

75,518

2,949

Other debtors

1,982

-

83,000

2,949

5.

Creditors: amounts falling due within one year

2018

2017

£

£

Bank loans and overdrafts

747

1,942

Amounts owed to associates

47

31

Corporation tax

41,730

2

Directors' current accounts

174

197

Accruals and deferred income

11,000

14,898

Accrued expenses

1,200

1,200

54,898

18,270

6.	Related party disclosures

JBSM Developments Ltd

A company controlled by the directors

2018

2017

£

£

Amount due from related party at the balance sheet date

75,260

2,888

7.	Ultimate controlling party

The controlling party is the directors and shareholderstogether.