ACCOUNTS - Final Accounts preparation

BANGLO INVESTORS LIMITED - Company Information

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Registered number: 11352211

BANGLO INVESTORS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2019

BANGLO INVESTORS LIMITED

CONTENTS

	Page
Balance sheet	1
Notes to the financial statements	2 - 4

BANGLO INVESTORS LIMITED

REGISTERED NUMBER: 11352211

BALANCE SHEET

AS AT 31 MARCH 2019

		2019
Note		£

Fixed assets
Investments	4		435,005
Current assets
Debtors: amounts falling due within one year	5	5
		5
Creditors: amounts falling due within one year	6	(435,000)
Net current (liabilities)/assets			(434,995)
Total assets less current liabilities			10

Net assets			10

Capital and reserves
Called up share capital	7	10
		10

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of Companies Act 2006.

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.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 16 October 2019.

L R Grove

Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

BANGLO INVESTORS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2019

1.	General information

Banglo Investors Limited is a private company limited by shares, incorporated and domiciled in England. The address of the registered office 17 Hockley Court, 2401 Stratford Road, Hockly Heath, West Midlands, B94 6NW.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The company did not trade during the period and has made neither a profit or loss. Accordingly, no profit and loss account is presented.
The following accounting policies have been applied:

The following principal accounting policies have been applied:

2.2

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each Balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

2.3

Associates and joint ventures

Associates and Joint Ventures are held at cost less impairment.

2.4

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.5

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Page 2

BANGLO INVESTORS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2019

3.	Employees
	The average monthly number of employees, including directors, during the period was 3.

4.	Fixed asset investments

		Investments in associate
		£
	Cost
	Additions	435,005
	At 31 March 2019	435,005

The company acquired 50% of the ordinary shares in an unlisted company in the period.

Debtors

					2019
					£


	Other debtors	5

6.	Creditors: Amounts falling due within one year
		2019
		£

	Other creditors	435,000

Other creditors include preference shares, see note 7.

Page 3

BANGLO INVESTORS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2019

7.	Share capital
		2019
		£

		Allotted, called up and fully paid

		400 Ordinary A shares of £0.01 each	4
		325 Ordinary B shares of £0.01 each	3
		275 Ordinary C shares of £0.01 each	3

			10

During the period, 400 ordinary A shares, 325 ordinary B shares and 275 ordinary C shares were issued at par.
In addition, one preference A share with nominal value of £0.01 was issued for consideration of £217,500 and one preference B share with nominal value of £0.01 was issued for consideration of £217,500. These are redeemable shares and accordingly treated as liabilities and included within creditors.

Page 4