Birdview Homes Ltd - Accounts to registrar (filleted) - small 18.2

Birdview Homes Ltd - Accounts to registrar (filleted) - small 18.2

BIRDVIEW HOMES LTD - Company Information

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REGISTERED NUMBER: 08855302 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2018

FOR

BIRDVIEW HOMES LTD
BIRDVIEW HOMES LTD (REGISTERED NUMBER: 08855302)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BIRDVIEW HOMES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2018







DIRECTOR: A Teitelbaum





REGISTERED OFFICE: First Floor, Winston House
349 Regents Park Road
London
N3 1DH





REGISTERED NUMBER: 08855302 (England and Wales)





ACCOUNTANTS: Melinek Fine LLP
Chartered Accountants
First Floor, Winston House
349 Regents Park Road
London
N3 1DH
Page 1
BIRDVIEW HOMES LTD (REGISTERED NUMBER: 08855302)

BALANCE SHEET
31 JANUARY 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 400,000 495,000

CURRENT ASSETS
Stocks 423,511 274,330
Debtors 5 - 37,500
Cash at bank 1,076,363 650,973
1,499,874 962,803
CREDITORS
Amounts falling due within one year 6 788,168 651,008
NET CURRENT ASSETS 711,706 311,795
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,111,706
806,795

CREDITORS
Amounts falling due after more than one
year
7
(270,985
)
(277,791
)

PROVISIONS FOR LIABILITIES (24,833 ) (26,564 )
NET ASSETS 815,888 502,440

CAPITAL AND RESERVES
Called up share capital 100 100
Profit and loss account 815,788 502,340
SHAREHOLDERS' FUNDS 815,888 502,440

The notes form part of these financial statements

Page 2 continued...
BIRDVIEW HOMES LTD (REGISTERED NUMBER: 08855302)

BALANCE SHEET - continued
31 JANUARY 2018


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2018 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director on 29 October 2018 and were signed by:





A Teitelbaum - Director


The notes form part of these financial statements

Page 3
BIRDVIEW HOMES LTD (REGISTERED NUMBER: 08855302)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2018


1. STATUTORY INFORMATION

Birdview Homes Ltd 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.

Turnover
The whole of the turnover is attributable to the principal activity of the company, being the trading in residential
properties in the United Kingdom. Turnover comprises net proceeds from sales of residential properties.

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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual
provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a
financing transaction, where it is recognised at the present value of the future payments discounted at a market
rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost unless they are classified as receivable within one
year in which case they are measured at the undiscounted amount of the cash or other consideration expected to
be received net of impairment.

Financial liabilities that are classified as payable within one year are subsequently measured at the undiscounted
amount of the cash or other consideration expected to be paid.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an
enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise
the asset or settle the liability simultaneously.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


Page 4 continued...
BIRDVIEW HOMES LTD (REGISTERED NUMBER: 08855302)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2018


2. ACCOUNTING POLICIES - continued
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. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2017 495,000
Disposals (95,000 )
At 31 January 2018 400,000
NET BOOK VALUE
At 31 January 2018 400,000
At 31 January 2017 495,000

Fair value at 31 January 2018 is represented by:

£   
Valuation in 2018 145,773
Cost 254,227
400,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Other debtors - 37,500

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Bank loans and overdrafts 6,625 6,444
Taxation and social security 70,684 48,543
Other creditors 710,859 596,021
788,168 651,008

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2018 2017
£    £   
Bank loans 270,985 277,791

Page 5 continued...
BIRDVIEW HOMES LTD (REGISTERED NUMBER: 08855302)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2018


8. SECURED DEBTS

The following secured debts are included within creditors:

2018 2017
£    £   
Bank loans 277,610 284,235

Page 6