Bemo Property Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10082179 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st March 2018

for

Bemo Property Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D High

Mrs K High

REGISTERED OFFICE:

The Gables

556 Loose Road

Maidstone

Kent

ME15 9UR

REGISTERED NUMBER:

10082179 (England and Wales)

FIXED ASSETS

Investment property

3

81,535

81,535

CURRENT ASSETS

Cash at bank

993

1,812

CREDITORS

Amounts falling due within one year

4

77,398

79,857

NET CURRENT LIABILITIES

(76,405

)

(78,045

)

TOTAL ASSETS LESS CURRENT LIABILITIES

5,130

3,490

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

4,130

2,490

SHAREHOLDERS' FUNDS

5,130

3,490

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 24th December 2018 and were signed on its behalf by:

D High - Director

Mrs K High - Director

1.	STATUTORY INFORMATION

Bemo Property 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.

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.

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.

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.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st April 2017

and 31st March 2018

81,535

NET BOOK VALUE

At 31st March 2018

81,535

At 31st March 2017

81,535

The Directors consider the cost of the Investment Property to be equal to the current value.

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

1

-

Taxation and social security

385

623

Other creditors

77,012

79,234

77,398

79,857