Abbreviated Company Accounts - B & S VENTURES (SMALLFIELD) LIMITED

Abbreviated Company Accounts - B & S VENTURES (SMALLFIELD) LIMITED

B & S VENTURES (SMALLFIELD) LIMITED - Company Information

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Registered Number 05319427

B & S VENTURES (SMALLFIELD) LIMITED

Abbreviated Accounts

28 November 2014

B & S VENTURES (SMALLFIELD) LIMITED Registered Number 05319427

Abbreviated Balance Sheet as at 28 November 2014

Notes 2014 2013
£ £
Current assets
Stocks - 500,000
Cash at bank and in hand 4 -
4 500,000
Creditors: amounts falling due within one year (12,443) (799,202)
Net current assets (liabilities) (12,439) (299,202)
Total assets less current liabilities (12,439) (299,202)
Total net assets (liabilities) (12,439) (299,202)
Capital and reserves
Called up share capital 1 1
Profit and loss account (12,440) (299,203)
Shareholders' funds (12,439) (299,202)
  • For the year ending 28 November 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 1 February 2016

And signed on their behalf by:
M STRUTT, Director

B & S VENTURES (SMALLFIELD) LIMITED Registered Number 05319427

Notes to the Abbreviated Accounts for the period ended 28 November 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.

Other accounting policies
Stock and work in progress

Development properties are defined as those properties of which construction and development have not been completed at the balance sheet date and are classified as work in progress within stocks until sold or where properties for which construction and development work has been completed and are being rented until sold.
Development properties are stated at the lower of the cost and net realisable value where costs consist of the purchase price of property and direct expenditure incurred in developing the property.
Work in progress is valued at the lower of cost and net realisable value