BENACRE INVESTMENTS LIMITED - Abbreviated accounts 16.1
BENACRE INVESTMENTS LIMITED - Abbreviated accounts 16.1
| REGISTERED NUMBER: |
| Abbreviated Accounts |
| for the Year Ended 30th September 2015 |
| for |
| BENACRE INVESTMENTS LIMITED |
| BENACRE INVESTMENTS LIMITED (REGISTERED NUMBER: 02694499) |
| Contents of the Abbreviated Accounts |
| for the year ended 30th September 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| BENACRE INVESTMENTS LIMITED |
| Company Information |
| for the year ended 30th September 2015 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| BANKERS: |
| BENACRE INVESTMENTS LIMITED (REGISTERED NUMBER: 02694499) |
| Abbreviated Balance Sheet |
| 30th September 2015 |
| 30/9/15 | 30/9/14 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| Investments | 3 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 4 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 4 | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Revaluation reserve |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his 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. |
| BENACRE INVESTMENTS LIMITED (REGISTERED NUMBER: 02694499) |
| Abbreviated Balance Sheet - continued |
| 30th September 2015 |
| The financial statements were approved by the director on |
| BENACRE INVESTMENTS LIMITED (REGISTERED NUMBER: 02694499) |
| Notes to the Abbreviated Accounts |
| for the year ended 30th September 2015 |
| 1. | ACCOUNTING POLICIES |
| 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 January 2015). |
| Turnover |
| Turnover represents net invoiced sales of rents and consultancy fees. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
| moving items. |
| 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 |
| In accordance with SSAP 19, (i) investment properties are revalued annually and the aggregate surplus or deficit |
| is transferred to a revaluation reserve, and (ii) no depreciation or amortisation is provided in respect of freehold |
| investment properties and leasehold properties with over 20 years to run. |
| The requirement of the Companies Act 1985 is to depreciate all properties, but that requirement conflicts with the |
| generally accepted accounting principle set out in SSAP 19. The director considers that this accounting policy |
| results in the accounts giving a true and fair view. |
| Depreciation is only one of the many factors reflected in the annual valuation and the amount which might |
| otherwise have been shown cannot be separately identified or quantified. In the event of a permanent diminution |
| in value, the shortfall against original cost would be provided for in the profit and loss account. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1st October 2014 |
| and 30th September 2015 |
| DEPRECIATION |
| At 1st October 2014 |
| Charge for year |
| At 30th September 2015 |
| NET BOOK VALUE |
| At 30th September 2015 |
| At 30th September 2014 |
| BENACRE INVESTMENTS LIMITED (REGISTERED NUMBER: 02694499) |
| Notes to the Abbreviated Accounts - continued |
| for the year ended 30th September 2015 |
| 3. | FIXED ASSET INVESTMENTS |
| Investments (neither listed nor unlisted) were as follows: |
| 30/9/15 | 30/9/14 |
| £ | £ |
| Investment properties at cost |
| Additions |
| Revaluation surplus |
| Disposal | (595,212 | ) | - |
| Reclassification/transfer |
| Investment property has been valued as at the 30th September 2015 by Mr S.J. Dale, the director of the company, |
| based on his knowledge of the local property market. |
| 4. | CREDITORS |
| Creditors include an amount of £ |
| They also include the following debts falling due in more than five years: |
| 30/9/15 | 30/9/14 |
| £ | £ |
| Repayable by instalments | 879,676 | 1,047,894 |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 30/9/15 | 30/9/14 |
| value: | £ | £ |
| Ordinary | £1 |
| 6. | ULTIMATE CONTROLLING COMPANY |
| The company is under the control of its director S J Dale. |