Bar Wash Ltd - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 05064325 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2015

FOR

BAR WASH LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

G Baio

T N Chastney

J W Skinner

SECRETARY:

T N Chastney

REGISTERED OFFICE:

30 Whiteladies Road

Clifton

Bristo

BS8 2LG

REGISTERED NUMBER:

05064325 (England and Wales)

ACCOUNTANTS:

Gordon Wood Scott & Partners Limited

Chartered Accountants

Dean House

94 Whiteladies Road

Bristol

BS8 2QX

FIXED ASSETS

Tangible assets

2

563

751

Investment property

3

240,000

240,000

240,563

240,751

CURRENT ASSETS

Debtors

9,137

6,269

CREDITORS

Amounts falling due within one year

4

227,911

237,468

NET CURRENT LIABILITIES

(218,774

)

(231,199

)

TOTAL ASSETS LESS CURRENT LIABILITIES

21,789

9,552

CAPITAL AND RESERVES

Called up share capital

5

4

4

Revaluation reserve

14,308

14,308

Profit and loss account

7,477

(4,760

)

SHAREHOLDERS' FUNDS

21,789

9,552

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 28 January 2016 and were signed on its behalf by:

T N Chastney - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The use of the going concern basis of accounting is appropriate because there are no material uncertainties

related to events or conditions that may cast significant doubt about the ability of the company to continue as a

going concern.

The company has a bank loan falling due for repayment within one year of the balance sheet date. The company's

bankers have agreed to continue to extend the existing facility and the directors believe that the bank will

continue with this arrangement 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 rent 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.

Fixtures, fittings and equipment

-

25% on reducing balance

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.

Although the Companies Act would normally require the systematic annual depreciation of fixed assets, the

directors believe that the policy of not providing depreciation is necessary in order for the accounts to give a true

and fair view, since the current value of investments properties, and changes to that current value, are of prime

importance rather than a calculation of systematic annual depreciation. Depreciation is only one of many factors

reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately

identified or quantified.

Deferred tax

Deferred tax is provided on the liability method to take account of timing differences between the treatment of

certain items for accounts purposes and their treatment for tax purposes. Tax deferred is accounted for in respect

of all material timing differences that have originated but not reversed at the balance sheet date other than for

timing differences arising from the revaluation of tangible fixed assets. Deferred tax assets and liabilities are not

discounted.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

10,000

DEPRECIATION

At 1 April 2014

9,249

Charge for year

188

At 31 March 2015

9,437

NET BOOK VALUE

At 31 March 2015

563

At 31 March 2014

751

3.	INVESTMENT PROPERTY

Total

£

COST

At 1 April 2014

and 31 March 2015

240,000

NET BOOK VALUE

At 31 March 2015

240,000

At 31 March 2014

240,000

4.

CREDITORS

Creditors include an amount of £ 165,250 (31.3.14 - £ 165,250 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

4

Ordinary

1

4

4

6.	ULTIMATE CONTROLLING PARTY