Abbreviated Company Accounts - BODEN PROPERTIES LIMITED

BODEN PROPERTIES LIMITED - Company Information

02900147 BODEN PROPERTIES LIMITED 2014-07-31 false 2013-08-01 2014-07-31 true 02900147 2013-08-01 2014-07-31 02900147 2014-07-31 02900147 2013-07-31 02900147 uk-gaap-cd-bus:Director1 2013-08-01 2014-07-31 02900147 uk-gaap-cd-bus:Director2 2013-08-01 2014-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-08-01 2014-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-07-31 uk-gaap-cd-bus:OrdinaryShareClass2 2013-08-01 2014-07-31 uk-gaap-cd-bus:OrdinaryShareClass2 2014-07-31 uk-gaap-cd-bus:OrdinaryShareClass2 2013-07-31 iso4217:GBP shares

Registered Number 02900147

BODEN PROPERTIES LIMITED

Abbreviated Accounts

31 July 2014

BODEN PROPERTIES LIMITED Registered Number 02900147

Abbreviated Balance Sheet as at 31 July 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	-	4
Investments	3	481,133	481,133
		481,133	481,137
Current assets
Stocks		958,878	958,578
Debtors	4	25,971	14,053
Cash at bank and in hand		250	250
		985,099	972,881
Creditors: amounts falling due within one year	5	(1,207,799)	(1,187,980)
Net current assets (liabilities)		(222,700)	(215,099)
Total assets less current liabilities		258,433	266,038
Creditors: amounts falling due after more than one year	5	(280,917)	(280,917)
Total net assets (liabilities)		(22,484)	(14,879)
Capital and reserves
Called up share capital	6	1,000	1,000
Revaluation reserve		112,176	112,176
Profit and loss account		(135,660)	(128,055)
Shareholders' funds		(22,484)	(14,879)

For the year ending 31 July 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 30 April 2015

And signed on their behalf by:
N D Bould, Director

BODEN PROPERTIES LIMITED Registered Number 02900147

Notes to the Abbreviated Accounts for the period ended 31 July 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents net invoiced sales of goods, excluding value added tax.

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

Plant & Machinery - 10% on cost

Valuation information and policy
Investment property is shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in market value is transferred to a revaluation reserve.

Work in progress is valued at the lower of cost and net realisable value. Cost included all direct expenditure and an appropriate proportion of fixed and variable overheads.

Other accounting policies
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate.

2Tangible fixed assets

	£
Cost
At 1 August 2013	36,730
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2014	36,730
Depreciation
At 1 August 2013	36,726
Charge for the year	4
On disposals	-
At 31 July 2014	36,730
Net book values
At 31 July 2014	0
At 31 July 2013	4

3Fixed assets Investments
Fixed asset investments are made up as follows:

Investments other than loans at cost £150 (2013 - £150).

The company's investments at the balance sheet date in the share capital of companies include the following:

Compass Point (St Ives) Management Company Limited
Country of incorporation: England & Wales
Nature of business: Property Estate Management
Class of shares:
A Ordinary Shares - 50%
B Ordinary Shares - 6.41%

The company trades to break even and its aggregate capital and reserves are not material.

Consolidated accounts have not been prepared on the grounds that the parent company is itself a wholly-owned subsidiary undertaking.

Investment Property
Cost or Valuation £480,983 (2013 - £480,983).

4Debtors

	2014 £	2013 £
Debtors include the following amounts due after more than one year	683	683

5Creditors

	2014 £	2013 £
Secured Debts	465,902	557,157
Non-instalment debts due after 5 years	32,199	41,199

6Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
500 A Ordinary shares of £1 each	500	500
500 B Ordinary shares of £1 each	500	500