BROUGHTON_PARK_ESTATES_LI - Accounts

BROUGHTON PARK ESTATES LIMITED - Company Information

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Company Registration No. 00690639 (England and Wales)

BROUGHTON PARK ESTATES LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2015

BROUGHTON PARK ESTATES LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

BROUGHTON PARK ESTATES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

2 & 3

14,996

67,624

Current assets

Debtors

535,901

355,857

Cash at bank and in hand

18,453

136,879

554,354

492,736

Creditors: amounts falling due within one year

(174,425)

(172,309)

Net current assets

379,929

320,427

Total assets less current liabilities

394,925

388,051

Capital and reserves

Called up share capital

100

Other reserves

1,731

Profit and loss account

393,094

386,220

Shareholders' funds

394,925

388,051

For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 23 March 2016

Maurice Neumann

Director

Company Registration No. 00690639

BROUGHTON PARK ESTATES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable in respect of the company's principal activities net of VAT.

1.4

Tangible fixed assets and depreciation

Freehold land and buildings are stated at cost.

Land and buildings Freehold

1.5

Investments

The company has a joint interest in a property which is owned by a syndicate of similar participators. This investment is stated at the net cost of participation in the syndicate plus accumulated surpluses less deficiencies and drawings from the syndicate. No revaluation of the underlying property has been reflected in the accounts.

1.6

Revenue recognition

Property revenue consists of gross rental income on an accruals basis. Rental income receivable in the period from lease commencement to the earlier of lease expiry and any tenant option to break is spread evenly over that period. Any incentive for lessees to enter into a lease agreement and any costs associated with entering into the lease are spread over the same period.

A property is regarded as sold when the significant risks and returns have been transferred to the buyer. For conditional exchanges, sales are recognised as the conditions are satisfied.

Fixed assets

Tangible assets

Cost

At 1 April 2014

44,814

Disposals

(36,242)

At 31 March 2015

8,572

At 31 March 2014

44,814

BROUGHTON PARK ESTATES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2015

- 3 -

Investment Property

Balance brought forward

22,810

Net Surplus for the year

664

Drawings

(17,050)

Balance carried forward

6,424

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100