BATH_(WALCOT)_LIMITED - Accounts

BATH (WALCOT) LIMITED - Company Information

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Company Registration No. 03390974 (England and Wales)

BATH (WALCOT) LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2014

BATH (WALCOT) LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

BATH (WALCOT) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 AUGUST 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

482,057

483,302

Current assets

Debtors

1,511

Cash at bank and in hand

8,074

3,594

8,074

5,105

Creditors: amounts falling due within one year

(408,560)

(388,000)

Net current liabilities

(400,486)

(382,895)

Total assets less current liabilities

81,571

100,407

Creditors: amounts falling due after more than one year

(89,729)

(103,440)

(8,158)

(3,033)

Capital and reserves

Called up share capital

100

Revaluation reserve

219,451

Profit and loss account

(227,709)

(222,584)

Shareholders' funds

(8,158)

(3,033)

For the financial year ended 31 August 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 2 January 2015

D T P Game

Director

Company Registration No. 03390974

BATH (WALCOT) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Turnover

Turnover represents amounts receivable for goods and services.

1.3

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Freehold

No depreciation is charged as property has a value at least equal to valuation.

Fixtures, fittings & equipment

15% per annum reducing balance method

1.4

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Fixed assets

Tangible assets

Cost or valuation

At 1 September 2013 & at 31 August 2014

514,532

Depreciation

At 1 September 2013

31,230

Charge for the year

1,245

At 31 August 2014

32,475

Net book value

At 31 August 2014

482,057

At 31 August 2013

483,302

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £14,760 (2013 - £12,947).

BATH (WALCOT) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2014

- 3 -

Creditors: amounts falling due after more than one year

2014

2013

Analysis of loans repayable in more than five years

Total amounts repayable by instalments which are due in more than five years

30,869

(51,653)

The aggregate amount of creditors for which security has been given amounted to £89,729 (2013 - £103,440).

Share capital

2014

2013

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100