Botley Properties Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07272439 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2019

FOR

BOTLEY PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

E P Morris

S I Fletcher

Ms J M Powell

SECRETARY:

Ms J M Powell

REGISTERED OFFICE:

1110 Elliott Court

Coventry Business Park

Herald Avenue

Coventry

West Midlands

CV5 6UB

REGISTERED NUMBER:

07272439 (England and Wales)

ACCOUNTANTS:

LDP Luckmans

1110 Elliott Court

Coventry Business Park

Herald Avenue

Coventry

West Midlands

CV5 6UB

CURRENT ASSETS

Debtors

5

92,105

24,840

Cash at bank and in hand

14,499

88,066

106,604

112,906

CREDITORS

Amounts falling due within one year

6

17,598

23,851

NET CURRENT ASSETS

89,006

89,055

TOTAL ASSETS LESS CURRENT LIABILITIES

89,006

89,055

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

8

88,906

88,955

SHAREHOLDERS' FUNDS

89,006

89,055

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

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 27 March 2020 and were signed on its behalf by:

E P Morris - Director

1.	STATUTORY INFORMATION

Botley Properties Limited 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.

The accounts have been prepared on the going concern basis. This basis is considered appropriate by

the directors as the future rental income stream from the current tenant is set to continue for the

foreseeable future. The accounts do not include any adjustment should this basis not be appropriate.

The financial statements are presented in sterling which is the functional currency of the company and

rounded to the nearest £1.

The significant accounting policies applied in the preparation of these financial statements are set out

below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover

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

rebates, value added tax and other sales taxes.

Rental income is recognised on a receipts basis.

Tangible fixed assets

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

Short leasehold

-

Equal instalments over period of lease

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that are

expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable

that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are

recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss

account in other administrative expenses.

Provisions

Provisions are recognised when the company has an obligation at the balance sheet date as a result of

a past event, it is probable that an outflow of economic benefits will be required in settlement and the

amount can be reliably estimated.

Judgements and key sources of estimation uncertainty

No significant judgements have been made in the process of applying the above accounting policies.

There are no key sources of estimation uncertainty at the reporting date that have a significant risk of

causing a material adjustment to the carrying amounts of assets and liabilities within the next financial

year.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Short

leasehold

£

COST

At 1 September 2018

and 31 August 2019

523,867

DEPRECIATION

At 1 September 2018

and 31 August 2019

523,867

NET BOOK VALUE

At 31 August 2019

-

At 31 August 2018

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Amounts owed by group undertakings

72,046

2,046

Other debtors

(1

)

3,912

Tax

1,178

-

Prepayments and accrued income

18,882

18,882

92,105

24,840

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Amounts owed to group undertakings

16,118

16,118

Tax

-

3,689

Social security and other taxes

1

2,564

Accrued expenses

1,479

1,480

17,598

23,851

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

100

Ordinary

£1

100

100

8.

RESERVES

Retained

earnings

£

At 1 September 2018

88,955

Deficit for the year

(49

)

At 31 August 2019

88,906

9.	ULTIMATE PARENT COMPANY

The company's ultimate parent company is Crucible Education Limited, a company incorporated in

England.