Brickline Properties Limited - Limited company - abbreviated

REGISTERED NUMBER: 06692906 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 September 2014

for

Brickline Properties Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

C Pulze

Mrs L Pulze

SECRETARY:

Mrs L Pulze

REGISTERED OFFICE:

8/10 South Street

Epsom

Surrey

KT18 7PF

REGISTERED NUMBER:

06692906 (England and Wales)

ACCOUNTANTS:

Williams & Co

Chartered Accountants

8-10 South Street

Epsom

Surrey

KT18 7PF

FIXED ASSETS

Investments

2

689,500

507,225

Investment property

3

1,360,387

2,049,887

1,867,612

CURRENT ASSETS

Debtors

34,728

172,093

Cash at bank

240,734

12,678

275,462

184,771

CREDITORS

Amounts falling due within one year

4

797,039

744,702

NET CURRENT LIABILITIES

(521,577

)

(559,931

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,528,310

1,307,681

CREDITORS

Amounts falling due after more than one
year

4

1,139,028

1,168,222

NET ASSETS

389,282

139,459

CAPITAL AND RESERVES

Called up share capital

5

100

Profit and loss account

389,182

139,359

SHAREHOLDERS' FUNDS

389,282

139,459

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2014 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 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 Board of Directors on 24 June 2015 and were signed on its
behalf by:

C Pulze - Director

1.	ACCOUNTING POLICIES

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).

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from

changes in market value is transferred to a revaluation reserve.

The directors are also of the view that the property does not need to be depreciated as its likely can

only increase based on current economic forecasts.

Deferred tax

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

the balance sheet date.

Rental income

Income is accounted for on a receivable basis and is recognised in line with the terms of the lease.

Joint venture income

The company recognises any profits due from its joint venture activities when it has the right to receive

any profits due in accordance with any Joint Venture agreements in place.

2.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 October 2013

507,225

Additions

689,500

Disposals

(507,225

)

At 30 September 2014

689,500

NET BOOK VALUE

At 30 September 2014

689,500

At 30 September 2013

507,225

The company's investments at the Balance Sheet date in the share capital of companies include the

following:

Subsidiary

Netriver Limited

Nature of business: Property trading

%

Class of shares:

holding

Ordinary

51.00

31.3.14

31.3.13

£

Aggregate capital and reserves

380,805

(138,688

)

Profit/(loss) for the year

519,492

(698,464

)

Joint ventures

The company made a joint venture investment of £507,225 in Jenstone Properties Limited. The funds

have now been repaid in the current year and a surplus of £300,00 has been earned and credited to

the Profit & Loss account.

The company made a second joint venture with Jenstone Properties in the year with the outlay of

£689,500 recorded in the accounts at the Balance Sheet date.

Following the repayment of the funds invested in the Leonard St joint venture in the previous year, the

company has recognised the profits due of £23,151 in these accounts.

3.	INVESTMENT PROPERTY

Total

£

COST

At 1 October 2013

and 30 September 2014

1,360,387

NET BOOK VALUE

At 30 September 2014

1,360,387

At 30 September 2013

1,360,387

4.

CREDITORS

Creditors include an amount of £ 640,695 (2013 - £ 686,550 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

100

Ordinary

1

100

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company owes the director, C Pulze, £605,951 at the year end (2013 : £644,021). No interest has

been charged by the director on the funds advanced.

Brickline Properties Limited - Limited company - abbreviated - 11.6

Brickline Properties Limited - Limited company - abbreviated - 11.6