pinacle - Company Accounts (iXBRL 6.0.17)

BIRCHPARK INVESTMENTS LIMITED

FILLETED FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2018

COMPANY REGISTRATION NUMBER - 755370

	1.
BIRCHPARK INVESTMENTS LIMITED
COMPANY NUMBER - 755370
BALANCE SHEET AS AT 31 MARCH 2018

			2018		2017
			----		----
	Notes	£	£	£	£

FIXED ASSETS
Tangible assets	4		7,960,000		7,960,000
Investments	5		101,657		101,657
Cost of Investments in
Joint Property Syndicates	6		59,120		59,120
Investments-Joint Property
Syndicates	7		10,371,208		9,274,627
			18,491,985		17,395,404
CURRENT ASSETS
Debtors	8	637,432		1,464,147
Cash at bank		2,790,628		2,122,099
		3,428,060		3,586,246
CURRENT LIABILITIES
CREDITORS - Amounts
falling due within one year	9	633,370		523,736
NET CURRENT ASSETS			2,794,690		3,062,510
TOTAL ASSETS LESS CURRENT LIABILITIES			21,286,675		20,457,914
CREDITORS - Amounts falling
due after more than one year	9	1,083,764		1,113,486
Provisions for liabilities
Deferred taxation	10	437,765		437,765
			(1,521,529)		(1,551,251)
NET ASSETS			19,765,146		18,906,663

	2.
BIRCHPARK INVESTMENTS LIMITED
COMPANY NUMBER - 755370
BALANCE SHEET AS AT 31 MARCH 2018

			2018		2017
			----		----
	Notes		£		£

CAPITAL AND RESERVES
Called up share capital	11		100		100
Profit - Not distributable			4,383,903		4,383,903
Profit and Loss account			15,381,143		14,522,660
SHAREHOLDERS' FUNDS			19,765,146		18,906,663

These financial statements have been prepared in accordance with the provisions of FRS102 Section 1A of the Companies Act 2006 relating to small companies. In accordance with section 444 of the Companies Act 2006, the directors' report and the profit and loss account have not been delivered.

For the financial year ended 31 March 2018, the company was entitled to exemption from audit under section 477 of the Companies Act 2006; and no notice has been deposited under section 476.

The members have not required the company to obtain an audit.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

Approved by the board of directors on14 March 2019
and signed on their behalf by:
H NEUMANN
The notes on pages 3 to 6 form an integral part of these accounts.

	3.
BIRCHPARK INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2018
1. COMPANY INFORMATION

Birchpark Investments Limited is a Private Company, limited by shares, domiciled in England and Wales, registration number 755370.

The company's registered office is 2nd Flr Parkgates Bury New Rd, Prestwich, Manchester, M25 0TL.

2. ACCOUNTING POLICIES

BASIS OF ACCOUNTING

The financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below. These financial statements have been prepared in accordance with FRS102, section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

REVENUE RECOGNITION

Turnover is measured at the fair value of the consideration received or receivable and represents goods supplied or services rendered, stated net of Value Added Tax. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Turnover from the sale of goods is recognised when goods are delivered and legal title has passed.

PENSION COSTS

Contributions in respect of the company's defined contribution pension scheme are charged to the profit and loss account for the year in which they are payable to the scheme. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments at the year end.

INVESTMENTS IN JOINT PROPERTY SYNDICATES

Investments in syndicates are accounted for under the equity accounting method.

FINANCIAL INSTRUMENTS

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

3. EMPLOYEES

The average number of persons employed by the company (including directors) during the year was 7 (2017 - 5).

	4.
BIRCHPARK INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2018

4. FIXED ASSETS - TANGIBLE

	Land and
	Buildings
Fair Value	£
At 1 April 2017	7,960,000
and 31 March 2018
Net book values
At 31 March 2018	7,960,000
At 1 April 2017	7,960,000

The historical cost of the freehold properties

included at valuation are as follows:

£

Cost

At 1 April 2017	3,138,332
At 31 March 2018	3,138,332
Net book amounts
At 31 March 2018	3,138,332
At 1 April 2017	3,138,332
5. FIXED ASSETS - INVESTMENTS

	Unlisted
	Investments
	£
Cost
At 1 April 2017	101,657
and 31 March 2018

The company's investment represents 100 ordinary shares of £1 each and 100,000 redeemmable preference share of £1 each in The Strategic Land Group Limited and costs connected therwith, an unlisted company.

6. COST OF INVESTMENTS IN JOINT PROPERTY SYNDICATES

This represents the cost of the company's investment in various property syndicates.

	5.
BIRCHPARK INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2018

7. INVESTMENTS IN JOINT SYNDICATES

£

Investment at 1 April 2017	9,274,627
Additions	1,147,750
Surplus for the year	1,312,913
	11,735,290
Repaid	(1,364,082)
	10,371,208

	2018		2017
	----		----
	£		£
8. DEBTORS

Due within one year:
Other debtors	637,432		1,464,147

	2018		2017
	----		----
	£		£
9. CREDITORS
Amounts falling due within one year:

Bank loan(secured)	29,000		27,000
Taxation and social security	226,988		201,321
Other creditors	377,382		295,415
	633,370		523,736
Amounts falling due after one year:
Other creditors:
Bank loans(secured)	1,083,764		1,113,486
10. DEFERRED TAXATION
At 1 April 2017	437,765		437,765
At 31 March 2018	437,765		437,765

	6.
BIRCHPARK INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2018

	2018		2017
	----		----
	£		£

11. CALLED UP SHARE CAPITAL

There was no change in share capital during the year.

Allotted, called up and fully paid
shares of £1 eachOrdinary	100		100