BESSON_LINE_LIMITED - Accounts


Company Registration No. 03500485 (England and Wales)
BESSON LINE LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2014
BESSON LINE LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 5
BESSON LINE LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 JUNE 2014
30 June 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
1,467 
-
0
 
Investments
2
736,080 
290,633 
737,547 
290,633 
Current assets
Debtors
172,275 
14,112 
Investments
-
0
 
21,391 
Cash at bank and in hand
44,999 
60,212 
217,274 
95,715 
Creditors: amounts falling due within one year
3
(688,597)
(130,506)
Net current liabilities
(471,323)
(34,791)
Total assets less current liabilities
266,224 
255,842 
Creditors: amounts falling due after more than one year
4
(333,212)
(338,165)
(66,988)
(82,323)
Capital and reserves
Called up share capital
5
100 
100 
Profit and loss account
(67,088)
(82,423)
Shareholders' funds
(66,988)
(82,323)
BESSON LINE LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2014
- 2 -
For the financial year ended 30 June 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 19 March 2015
D F Pinto
Director
Company Registration No. 03500485
BESSON LINE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2014
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment
3 years straight line
1.5
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
Current asset investments are stated at the lower of cost and net realisable value.
1.6
Going concern
The financial statements are prepared on the going concern basis dependent on the continued support of the director and shareholder.
BESSON LINE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2014
- 4 -
2
Fixed assets
Tangible assets
Investments
Total
£
£
£
Cost
At 1 July 2013
290,633 
290,633 
Additions
1,509 
445,447 
446,956 
At 30 June 2014
1,509 
736,080 
737,589 
Depreciation
At 1 July 2013
Charge for the year
42 
42 
At 30 June 2014
42 
42 
Net book value
At 30 June 2014
1,467 
736,080 
737,547 
At 30 June 2013
290,633 
290,633 
This investment represents a 50% share in two properties in which Camberley Estates Limited has an equitable interest.
3
Creditors: amounts falling due within one year
The aggregate amount of creditors for which security has been given amounted to £6,666 (2013 - £6,666).
The bank mortgage loan is secured on the property in which Camberley Estates Limited has an equitable interest (see note 2).

During the year D F Pinto provided further loan facilities to the company by way of fixed charges over the properties.
4
Creditors: amounts falling due after more than one year
The aggregate amount of creditors for which security has been given amounted to £83,212 (2013 - £88,165).
The bank mortgage loan is secured on the property in which Camberley Estates Limited has an equitable interest (see note 2).

During the year D F Pinto provided further loan facilities to the company by way of fixed charges over the properties.
BESSON LINE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2014
- 5 -
5
Share capital
2014
2013
£
£
Allotted, called up and fully paid
100Ordinary shares of £1 each
100 
100 
The 250,000 Non-redeemable preference shares of £1 each are shown within creditors due after more than one year.
6
Control
The overall controlling party is D F Pinto, director and shareholder.
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