2015 Companies House Accounts - pinacle (P15IXCHSE)

2015 Companies House Accounts - pinacle (P15IXCHSE)

BIRCH PARK INVESTMENTS LIMITED - Company Information

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BIRCHPARK INVESTMENTS LIMITED
 
 
 
 
 
 
ABBREVIATED ACCOUNTS
 
 
 
 
 
YEAR ENDED 31 MARCH 2015
 
 
 
 
 
 
 
 
 
 
 
COMPANY REGISTRATION NUMBER - 755370
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
                                                                                                                                                                           
 
                                                                                                                                                                           
1 .
BIRCHPARK INVESTMENTS LIMITED
Company Number - 755370
 
ABBREVIATED BALANCE SHEET
 
31 March 2015
 
2015 2014
Notes £ £ £ £
 
FIXED ASSETS
 
Tangible assets 2 7,960,000 7,960,000
Investments 2 101,657 100,100
Cost of Investments,
-Joint Syndicates 3 59,120 59,120
Investments-Joint Syndicates 4 9,858,920 8,576,335
17,979,697 16,695,555
 
CURRENT ASSETS
 
Debtors 5 330,532 761,785
Cash at Bank & in Hand 698,072 839,794
1,028,604 1,601,579
CURRENT LIABILITIES
 
CREDITORS - Amounts falling
due within one year 393,908 462,049
NET CURRENT ASSETS 634,696 1,139,530
TOTAL ASSETS LESS CURRENT LIABILITIES 18,614,393 17,835,085
CREDITORS - Amounts falling
due after more than one year (1,166,682 ) (1,191,272 )
NET ASSETS 17,447,711 16,643,813
                                                                                                                                                                           
2 .
BIRCHPARK INVESTMENTS LIMITED
Company Number - 755370
 
ABBREVIATED BALANCE SHEET
 
31 March 2015
 
2015 2014
Notes £ £ £ £
 
 
CAPITAL AND RESERVES
 
Called up share capital 6 100 100
Revaluation reserve 4,821,668 4,821,668
Profit and loss account 12,625,943 11,822,045
SHAREHOLDERS' FUNDS 17,447,711 16,643,813
 
These abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and with the Financial Reporting Standard for Smaller Entities (effective April 2008).
 
For the financial year ended 31 March 2015, the company was entitled to exemption from audit under section 477 of the Companies Act 2006; and no notice has been deposited under section 476.
The members have not required the company to obtain an audit.
 
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
 
 
Approved by the board on 2 March 2016.
 
)
......................... ) H NEUMANN
Director
 
                                                                                                                                                                           
3 .
BIRCHPARK INVESTMENTS LIMITED
 
NOTES TO THE ABBREVIATED ACCOUNTS
 
FOR THE YEAR ENDED 31 MARCH 2015
 
1 . ACCOUNTING POLICIES
 
BASIS OF ACCOUNTING
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
 
TANGIBLE FIXED ASSETS-INVESTMENT PROPERTY
No depreciation is provided on property owned by the company in accordance with
the Financial Reporting Standard for Smaller Entities as this is investment property.
In so doing the company is invoking the true and fair override permitted by the
Financial Reporting Standard For Smaller Entities.
 
PROVISIONS
Provisions are set up only where it is probable that a present obligation exists as a
result of an event prior to the balance sheet date and that a payment will be required
in settlement that can be estimated reliably. Where material, provisions are
calculated on a discount basis.
 
COMPANY PROPERTIES
The properties are valued annually by the directors at the end of the financial year
on an open market basis assuming they are tenanted, with the company's share of
any resulting surplus or deficit being transferred to the revaluation reserve.
 
DEFERRED TAXATION
No provision for taxation or deferred taxation is made in respect of the liability
which would arise if the company's properties were sold at their net book value.
Provision is made in respect of deferred taxation when there is a reasonable
probability that a liability will crystallise in the foreseeable future.
 
TURNOVER
Turnover represents rental income.
 
 
PENSION COSTS
Contributions in respect of the company's defined contribution pension scheme are charged to the profit and loss account for the year in which they are payable to the scheme. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments at the year end.
 
INVESTMENTS IN JOINT PROPERTY SYNDICATES
This represents capital introduced by the company into the syndicates plus accrued
surpluses less deficiencies but without revaluing the syndicate properties.
 
Some of the syndicates in which the company is a participator have borrowings
which are secured on the syndicate's properties.
 
The company accounts for its syndicate investments under the "equity accounting"
basis and thus the company's share of such borrowings is not included in these
accounts.
 
                                                                                                                                                                           
4 .
BIRCHPARK INVESTMENTS LIMITED
 
NOTES TO THE ABBREVIATED ACCOUNTS
 
FOR THE YEAR ENDED 31 MARCH 2015
 
2 . FIXED ASSETS
Tangible
fixed
assets Investments Total
£ £ £
Cost or valuation
At 1 April 2014 7,960,000 100,100 8,060,100
Additions - 1,557 1,557
At 31 March 2015 7,960,000 101,657 8,061,657
 
Net Book Values
At 31 March 2015 7,960,000 101,657 8,061,657
 
At 1 April 2014 7,960,000 100,100 8,060,100
 
 
The company's investment represents 100 ordinary shares of £1 each and 100,000
redeemable preference shares of £1 each in The Strategic Land Group Limited and
costs connected therewith, an unlisted company.
 
3 . COST OF INVESTMENTS IN JOINT PROPERTY SYNDICATES
 
This represents the cost of the company's investment
in various joint property syndicates.
 
4 . INVESTMENT IN JOINT PROPERTY SYNDICATES
 
Investment at 1 April 2014 8,576,335
Additions 1,163,078
Surplus for the Year 1,249,446
10,988,859
Repaid (1,129,939 )
Investment at 31 March 2015 9,858,920
 
5 . DEBTORS
 
 
Included in debtors are directors' current accounts as shown below:-
1.4.14 31.3.15 Maximum
£ £ £
 
H Neumann 2,771 Nil 2,771
 
 
                                                                                                                                                                           
5 .
BIRCHPARK INVESTMENTS LIMITED
 
NOTES TO THE ABBREVIATED ACCOUNTS
 
FOR THE YEAR ENDED 31 MARCH 2015
 
6 . CALLED UP SHARE CAPITAL
2015 2014
£ £
 
There was no change in share capital during the year.
 
Allotted, called up and fully paid
Ordinary shares of £1 each 100 100