Abbreviated Company Accounts - BETTZ INVESTMENT AND MANAGEMENT LIMITED

BETTZ INVESTMENT AND MANAGEMENT LIMITED - Company Information

07311551 BETTZ INVESTMENT AND MANAGEMENT LIMITED 2014-05-31 false 2013-06-01 2014-05-31 true 07311551 2013-06-01 2014-05-31 07311551 2014-05-31 07311551 2013-05-31 07311551 uk-gaap-cd-bus:Director1 2013-06-01 2014-05-31 07311551 uk-gaap-cd-bus:Director2 2013-06-01 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-06-01 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-05-31 iso4217:GBP shares

Registered Number 07311551

BETTZ INVESTMENT AND MANAGEMENT LIMITED

Abbreviated Accounts

31 May 2014

BETTZ INVESTMENT AND MANAGEMENT LIMITED Registered Number 07311551

Abbreviated Balance Sheet as at 31 May 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	253,214	253,214
Investments	3	25,134	25,134
		278,348	278,348
Current assets
Debtors		9,945	12,945
Cash at bank and in hand		31,877	47,595
		41,822	60,540
Creditors: amounts falling due within one year		(106,817)	(136,781)
Net current assets (liabilities)		(64,995)	(76,241)
Total assets less current liabilities		213,353	202,107
Total net assets (liabilities)		213,353	202,107
Capital and reserves
Called up share capital	4	1,000	1,000
Profit and loss account		212,353	201,107
Shareholders' funds		213,353	202,107

For the year ending 31 May 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 8 January 2015

And signed on their behalf by:
C J S Betts, Director

BETTZ INVESTMENT AND MANAGEMENT LIMITED Registered Number 07311551

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

1Accounting Policies

Basis of measurement and preparation of accounts
Accounting Policies

Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and include the results of the Company's operations which are described in the Directors’ Report and all of which are continuing.

The Company has taken advantage of the exemption in Financial Reporting Standard No.1 from the requirement to produce a cash flow statement on the grounds that it is a small Company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the Company, net of Value Added Tax and trade discounts.

Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation.

Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

All Freehold Properties are stated at Cost / Valuation

Fixtures and Fittings 10% Straight Line Basis

Deferred Taxation

No provision is necessary.

Investments

Fixed Assets are stated at cost less provision for diminution in value.

2Tangible fixed assets

	£
Cost
At 1 June 2013	253,214
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2014	253,214
Depreciation
At 1 June 2013	-
Charge for the year	-
On disposals	-
At 31 May 2014	-
Net book values
At 31 May 2014	253,214
At 31 May 2013	253,214

3Fixed assets Investments
Investments

Fixed Assets are stated at cost less provision for diminution in value.
All Freehold Properties are stated at Cost / Valuation

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
1,000 Ordinary shares of £1 each	1,000	1,000