Bett Brothers Limited - Abbreviated accounts 16.1

Bett Brothers Limited - Abbreviated accounts 16.1

BETT BROTHERS LIMITED - Company Information

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REGISTERED NUMBER: SC365919 (Scotland)


















Abbreviated Unaudited Accounts

for the Year Ended 30 September 2015

for

Bett Brothers Limited

Bett Brothers Limited (Registered number: SC365919)






Contents of the Abbreviated Accounts
for the Year Ended 30 September 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Bett Brothers Limited

Company Information
for the Year Ended 30 September 2015







DIRECTORS: Mrs R S Stewart
A C Stewart





SECRETARY: D J Bett





REGISTERED OFFICE: Chapelshade House
78-84 Bell Street
Dundee
ANGUS
DD1 1HN





REGISTERED NUMBER: SC365919 (Scotland)





ACCOUNTANTS: MMG Archbold
Chartered Accountants
Chapelshade House
78-84 Bell Street
Dundee
DD1 1RQ
Page 1
Bett Brothers Limited (Registered number: SC365919)

Abbreviated Balance Sheet
30 September 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 738 1
Investment property 3 358,753 357,953
359,491 357,954

CURRENT ASSETS
Debtors 1,303 1,043
Cash at bank 7,518 8,910
8,821 9,953
CREDITORS
Amounts falling due within one year 343,638 352,225
NET CURRENT LIABILITIES (334,817 ) (342,272 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
24,674
15,682

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 24,574 15,582
SHAREHOLDERS' FUNDS 24,674 15,682

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2015 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 11 May 2016 and were signed on its behalf by:




Mrs R S Stewart - Director


The notes form part of these abbreviated accounts

Page 2
Bett Brothers Limited (Registered number: SC365919)

Notes to the Abbreviated Accounts
for the Year Ended 30 September 2015

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The Board of Directors confirm that, after making appropriate enquiries, it has reasonable expectation that the
company has adequate resources to continue in operational existence for the foreseeable future. For this
reason, it continues to adopt the going concern basis in preparing these Financial Statements

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 April 2008).

Exemption from preparing a cash flow statement
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as
a small company.

Turnover
Turnover represents rental income receivable from commercial and residential properties.

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 - 33% on cost

Investment property
The company's investment properties are held for long-term investment and are accounted for in accordance
with Statement of Standard Accounting Practice 19, as follows:

(i) investment properties are revalued annually. The surplus or deficit on revaluation is transferred to the
revaluation reserve unless a deficit below original cost, or its reversal, on an individual investment property is
expected to be permanent, in which case it is recognised in the profit and loss account for the year; and

(ii) no depreciation is provided in respect of leasehold investment properties where the lease has over 20 years
to run.

Although the Companies Act would normally require the systematic annual depreciation of fixed assets, the
directors believe that the policy of not providing depreciation is necessary in order for the financial statements
to give a true and fair view, since the current value of investment properties, and changes to that current value,
are of prime importance rather than a calculation of systematic annual depreciation. Depreciation is only one
of many factors reflected in the annual valuation, and the amount which might otherwise have been included
cannot be separately identified or quantified.

Page 3
Bett Brothers Limited (Registered number: SC365919)

Notes to the Abbreviated Accounts - continued
for the Year Ended 30 September 2015

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 October 2014 226
Additions 1,099
At 30 September 2015 1,325
DEPRECIATION
At 1 October 2014 225
Charge for year 362
At 30 September 2015 587
NET BOOK VALUE
At 30 September 2015 738
At 30 September 2014 1

3. INVESTMENT PROPERTY
Total
£   
COST
At 1 October 2014 357,953
Additions 800
At 30 September 2015 358,753
NET BOOK VALUE
At 30 September 2015 358,753
At 30 September 2014 357,953

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
100 Ordinary £1 100 100

Page 4