Broxwood Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 01083048 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST MARCH 2016

FOR

BROXWOOD LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

D J C Owen

Mrs H J Owen

J C Owen

S J Owen

A D Owen

SECRETARY:

Mrs H J Owen

REGISTERED OFFICE:

Cornelius House

178-180 Church Road

Hove

East Sussex

BN3 2DJ

REGISTERED NUMBER:

01083048 (England and Wales)

ACCOUNTANTS:

Parkers

Cornelius House

178-180 Church Road

Hove

East Sussex

BN3 2DJ

FIXED ASSETS

Tangible assets

2

5,280,026

5,120,034

CURRENT ASSETS

Debtors

62,529

47,052

Cash at bank

384,990

418,744

447,519

465,796

CREDITORS

Amounts falling due within one year

106,677

115,866

NET CURRENT ASSETS

340,842

349,930

TOTAL ASSETS LESS CURRENT
LIABILITIES

5,620,868

5,469,964

CREDITORS

Amounts falling due after more than one
year

1,114,452

NET ASSETS

4,506,416

4,355,512

CAPITAL AND RESERVES

Called up share capital

3

50,000

Revaluation reserve

3,836,816

3,676,816

Profit and loss account

619,600

628,696

SHAREHOLDERS' FUNDS

4,506,416

4,355,512

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2016 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 27th April 2016 and were signed on its
behalf by:

D J C Owen - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the

revaluation of certain assets and in accordance with the Financial Reporting Standard for Smaller

Entities (effective January 2015).

Turnover

Turnover represents gross rents receivable during the year.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

Deferred tax

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

the balance sheet date.

Investment properties

Investment properties are valued annually and the aggregate surplus or deficit is transferred to a

revaluation reserve. No depreciation is provided in respect of freehold investment properties.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1st April 2015

5,124,949

Revaluations

160,000

At 31st March 2016

5,284,949

DEPRECIATION

At 1st April 2015

4,915

Charge for year

8

At 31st March 2016

4,923

NET BOOK VALUE

At 31st March 2016

5,280,026

At 31st March 2015

5,120,034

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

35,100

Ordinary

£1

35,100

14,900

Ordinary A

£1

14,900

50,000