Boroughbridge Properties Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07529200 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

FOR

BOROUGHBRIDGE PROPERTIES LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr C M Moran

Mrs P Moran

SECRETARY:

Mrs P Moran

REGISTERED OFFICE:

23 Yarm Road

Stockton on Tees

TS18 3NJ

REGISTERED NUMBER:

07529200 (England and Wales)

ACCOUNTANTS:

Lyons & Co Ltd

23 Yarm Road

Stockton On Tees

TS18 3NJ

FIXED ASSETS

Tangible assets

4

530,176

530,560

CURRENT ASSETS

Debtors

25,672

25,518

Cash at bank

4,674

3,811

30,346

29,329

CREDITORS

Amounts falling due within one year

502,994

512,059

NET CURRENT LIABILITIES

(472,648

)

(482,730

)

TOTAL ASSETS LESS CURRENT LIABILITIES

57,528

47,830

CAPITAL AND RESERVES

Called up share capital

104

104

Retained earnings

57,424

47,726

SHAREHOLDERS' FUNDS

57,528

47,830

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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 applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2019 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 7 October 2019 and were signed on its behalf by:

Mr C M Moran - Director

1.	STATUTORY INFORMATION

Boroughbridge Properties 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added

tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Investment properties are not depreciated as they are kept in a permanent state of good repair and their estimated realisable

value is not less than cost. Investment properties are valued by the directors and included at open market value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2018

and 31 March 2019

535,740

DEPRECIATION

At 1 April 2018

5,180

Charge for year

384

At 31 March 2019

5,564

NET BOOK VALUE

At 31 March 2019

530,176

At 31 March 2018

530,560

5.	RELATED PARTY DISCLOSURES

During the year the company charged rent of £25,500 (2018 - £25,500) to Handymans Hardware & DIY Ltd, a company

controlled by Mr C M Moran.

During the year Mr C M Moran charged the company interest of £12,250 (2018 - £Nil) in respect of his directors loan

account.

6.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr C M Moran.