Brittanic Properties (London) Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05077017 (England and Wales)

BRITTANIC PROPERTIES (LONDON) LIMITED

Abbreviated unaudited accounts for the year ended 31 August 2014

Page

Company information

1

Abbreviated balance sheet

2

Notes to the abbreviated accounts

3

Report of the accountants

5

Director:

C S CHANDHOK

Secretary:

Registered office:

12 Woodside Avenue

London

N12 8BG

Registered number:

05077017 (England and Wales)

Accountants:

DSJ Partners LLP

Chartered Accountants

2nd Floor

1 Bell Street

London

NW1 5BY

Fixed assets

Tangible assets

2

421,383

424,561

Current assets

Debtors

946

545

Cash at bank

9,033

9,192

9,979

9,737

Creditors

Amounts falling due within one year

(405,837

)

(159,904

)

Net current liabilities

(395,858

)

(150,167

)

Total assets less current liabilities

25,525

274,394

Creditors

Amounts falling due after more than one year

3

(32,599

)

(265,200

)

Net (liabilities)/assets

(7,074

)

9,194

Capital and reserves

Called up share capital

4

1,000

1,000

Profit and loss account

(8,074

)

8,194

Shareholders' funds

(7,074

)

9,194

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 12 May 2015 and were signed by:

C S CHANDHOK - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The company made a loss during the year of £16,268 (2013 £5,506) and at the balance sheet date, its liabilities exceeded its total

assets by £7,074 (2013 £Nil). The director has indicated that he will continue to financially support the operation of the

company.

Due to the continuing availability of financial support from the director, who is also a shareholder, it is considered appropriate to

prepare the financial statements on a going concern basis which assumes that the company will continue in operational existence

for the foreseeable future.

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting

Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents rents receivable excluding Value Added Tax.

Tangible fixed assets

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

Freehold property

-

1% straight line on cost

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2013

467,586

Additions

1,814

At 31 August 2014

469,400

DEPRECIATION

At 1 September 2013

43,025

Charge for year

4,992

At 31 August 2014

48,017

NET BOOK VALUE

At 31 August 2014

421,383

At 31 August 2013

424,561

3.

CREDITORS

Creditors include an amount of £ 32,599 (2013 - £ 265,200 ) for which security has been given.

They also include the following debts falling due in more than five years:

2014

2013

£

£

Repayable otherwise than by instalments

32,599

265,200

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

1,000

Ordinary

£1

1,000

1,000

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial

statements, from which the unaudited abbreviated accounts (set out on pages two to four) have been prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 31 August 2014 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

DSJ Partners LLP

Chartered Accountants

2nd Floor

1 Bell Street

London

NW1 5BY

12 May 2015