Abbreviated Company Accounts - BUTT PROPERTY COMPANY LIMITED

BUTT PROPERTY COMPANY LIMITED - Company Information

Registered Number 01381746

BUTT PROPERTY COMPANY LIMITED

Abbreviated Accounts

31 March 2014

BUTT PROPERTY COMPANY LIMITED Registered Number 01381746

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	807,598	809,722
Investments	3	76	76
		807,674	809,798
Current assets
Debtors		1,351,833	1,332,864
Cash at bank and in hand		203,069	268,791
		1,554,902	1,601,655
Creditors: amounts falling due within one year		(44,353)	(43,460)
Net current assets (liabilities)		1,510,549	1,558,195
Total assets less current liabilities		2,318,223	2,367,993
Total net assets (liabilities)		2,318,223	2,367,993
Capital and reserves
Called up share capital		100	100
Other reserves		1,464,758	1,464,758
Profit and loss account		853,365	903,135
Shareholders' funds		2,318,223	2,367,993

For the year ending 31 March 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 23 December 2014

And signed on their behalf by:
Brian Coles Farley, Director

BUTT PROPERTY COMPANY LIMITED Registered Number 01381746

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Rent and other monies from the tenants are credited as income on an accrual basis.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Fixture and Fittings reducing balance 25%.

Other accounting policies
Investment Properties:
Investment Properties are included in the balance sheet at cost and expenditure on the maintenance thereof is written when incurred. This represents a departure from Financial Reporting Standard for Smaller Entities (effective April 2008) when requires the annual revaluation of such properties.

Taxation:
Corporation tax payable is provided on taxable profits at the current rates.
Deferred Taxation is provided on the liability method on any material short term timing differences between the treatment of certain items for accounting purposes and their treatment for tax purposes.

2Tangible fixed assets

	£
Cost
At 1 April 2013	956,160
Additions	1,810
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	957,970
Depreciation
At 1 April 2013	146,438
Charge for the year	3,934
On disposals	-
At 31 March 2014	150,372
Net book values
At 31 March 2014	807,598
At 31 March 2013	809,722

3Fixed assets Investments
Butt Property Company Ltd owns 76% of Ripland Limited.