Birdham Pool Limited - Abbreviated accounts

Birdham Pool Limited - Abbreviated accounts


Registered number
00372062
Birdham Pool Limited
Abbreviated Accounts
30 September 2015
Birdham Pool Limited
Registered number: 00372062
Abbreviated Balance Sheet
as at 30 September 2015
Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 556,218 534,341
Current assets
Stocks 4,919 12,684
Debtors 1,633,212 146,861
Cash at bank and in hand 70,449 60,363
1,708,580 219,908
Creditors: amounts falling due within one year (450,285) (359,452)
Net current assets/(liabilities) 1,258,295 (139,544)
Net assets 1,814,513 394,797
Capital and reserves
Called up share capital 3 3,944 3,944
Share premium 7,879 7,879
Profit and loss account 1,802,690 382,974
Shareholders' funds 1,814,513 394,797
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
RJ Smith
Director
Approved by the board on 24 June 2016
Birdham Pool Limited
Notes to the Abbreviated Accounts
for the year ended 30 September 2015
1 Accounting policies
Basis of preparation
The accounts 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 the amounts (excluding value added tax) derived from renting of marina berthing, sales of other associated marina goods and services, brokerage commissions, licence fees and rents receivable.

Profit is recognised on marina berth rentals and other income in the year to which it relates.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 20% to 33% straight line
Freehold property 2% straight line
Stocks
Stock is valued at the lower of cost and net realisable value.
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.
Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2 Tangible fixed assets £
Cost
At 1 October 2014 892,068
Additions 70,359
At 30 September 2015 962,427
Depreciation
At 1 October 2014 357,727
Charge for the year 48,482
At 30 September 2015 406,209
Net book value
At 30 September 2015 556,218
At 30 September 2014 534,341
3 Share capital Nominal 2015 2015 2014
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 3,944 3,944 3,944
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