Abbreviated Company Accounts - BUD & SON LIMITED

00701935 BUD & SON LIMITED 2014-01-31 false 2013-02-01 2014-01-31 true 00701935 2013-02-01 2014-01-31 00701935 2014-01-31 00701935 2013-01-31 00701935 uk-gaap-cd-bus:Director1 2013-02-01 2014-01-31 00701935 uk-gaap-cd-bus:Director2 2013-02-01 2014-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-02-01 2014-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-01-31 iso4217:GBP shares

Registered Number 00701935

BUD & SON LIMITED

Abbreviated Accounts

31 January 2014

BUD & SON LIMITED Registered Number 00701935

Abbreviated Balance Sheet as at 31 January 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	738,410	738,410
Investments	3	116,718	105,827
		855,128	844,237
Current assets
Cash at bank and in hand		15,350	17,541
		15,350	17,541
Creditors: amounts falling due within one year		(55,836)	(48,240)
Net current assets (liabilities)		(40,486)	(30,699)
Total assets less current liabilities		814,642	813,538
Creditors: amounts falling due after more than one year		(269,204)	(294,138)
Total net assets (liabilities)		545,438	519,400
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		545,338	519,300
Shareholders' funds		545,438	519,400

For the year ending 31 January 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 2 January 2015

And signed on their behalf by:
JOELLE SHENKER, Director

BUD & SON LIMITED Registered Number 00701935

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

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover shown in the profit and loss account represents rents and charges receivable during the year.

Tangible assets depreciation policy
Fixed assets

All fixed assets are initially recorded at cost.

Other accounting policies
Investment in joint property syndicate

This represents capital introduced by the company into the syndicate plus accrued surpluses less deficiencies but without revaluing the syndicate properties. The syndicate in which the company is a participator has borrowings which are secured on the syndicate's property. The Company accounts for its syndicate investment under the "equity accounting" basis and thus the company's share of such borrowings is not included in these financial statements.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

2Tangible fixed assets

	£
Cost
At 1 February 2013	738,410
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2014	738,410
Depreciation
At 1 February 2013	-
Charge for the year	-
On disposals	-
At 31 January 2014	-
Net book values
At 31 January 2014	738,410
At 31 January 2013	738,410

Fixed assets

All fixed assets are initially recorded at cost.

3Fixed assets Investments
The investment is a joint venture property syndicate.

105,827
Additions – 15,736
Disposals – (4,845)
----------
116,718
=======

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

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100