Abbreviated Company Accounts - BLOOMFIELD OVERSEAS PROPERTY LIMITED

Abbreviated Company Accounts - BLOOMFIELD OVERSEAS PROPERTY LIMITED

BLOOMFIELD OVERSEAS PROPERTY LIMITED - Company Information

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Registered Number 03042041

BLOOMFIELD OVERSEAS PROPERTY LIMITED

Abbreviated Accounts

30 April 2014

BLOOMFIELD OVERSEAS PROPERTY LIMITED Registered Number 03042041

Abbreviated Balance Sheet as at 30 April 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 283,554 283,554
283,554 283,554
Current assets
Debtors 819 1,795
Cash at bank and in hand 496 68
1,315 1,863
Creditors: amounts falling due within one year (1,200) (13,725)
Net current assets (liabilities) 115 (11,862)
Total assets less current liabilities 283,669 271,692
Creditors: amounts falling due after more than one year (297,243) (281,344)
Total net assets (liabilities) (13,574) (9,652)
Capital and reserves
Called up share capital 3 143,327 143,327
Profit and loss account (156,901) (152,979)
Shareholders' funds (13,574) (9,652)
  • For the year ending 30 April 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 11 January 2015

And signed on their behalf by:
P S BLOOMFIELD, Director

BLOOMFIELD OVERSEAS PROPERTY LIMITED Registered Number 03042041

Notes to the Abbreviated Accounts for the period ended 30 April 2014

1Accounting Policies

Tangible assets depreciation policy
Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life. Freehold buildings - 2% on cost or revalued amounts, Plant and Machinery - 15% on cost, Fixtures and fittings - 10% on cost, Motor vehicles - 25% on cost.

Valuation information and policy
Stocks and work -in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Other accounting policies
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. Research and Development Expenditure on research and development is written off in the year in which it is incurred.

2Tangible fixed assets
£
Cost
At 1 May 2013 283,554
Additions -
Disposals -
Revaluations -
Transfers -
At 30 April 2014 283,554
Depreciation
At 1 May 2013 -
Charge for the year -
On disposals -
At 30 April 2014 -
Net book values
At 30 April 2014 283,554
At 30 April 2013 283,554

Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life. Freehold buildings - 2% on cost or revalued amounts, Plant and Machinery - 15% on cost, Fixtures and fittings - 10% on cost, Motor vehicles - 25% on cost.

3Called Up Share Capital
Allotted, called up and fully paid:
2014
£		 2013
£
143,327 Ordinary shares of £1 each 143,327 143,327

Allotted, called up and paid