Brookeswood Developments Limited - Abbreviated accounts 16.1
Brookeswood Developments Limited - Abbreviated accounts 16.1
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS |
| FOR THE YEAR ENDED 31 DECEMBER 2015 |
| FOR |
| BROOKESWOOD DEVELOPMENTS LIMITED |
| BROOKESWOOD DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02867322) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| For The Year Ended 31 December 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| BROOKESWOOD DEVELOPMENTS LIMITED |
| COMPANY INFORMATION |
| For The Year Ended 31 December 2015 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Accountants |
| BROOKESWOOD DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02867322) |
| ABBREVIATED BALANCE SHEET |
| 31 December 2015 |
| 2015 | 2014 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| Investment property | 3 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 4 |
| NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
| 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 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. |
| BROOKESWOOD DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02867322) |
| ABBREVIATED BALANCE SHEET - continued |
| 31 December 2015 |
| The financial statements were approved and authorised for issue by the Board of Directors on signed on its behalf by: |
| BROOKESWOOD DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02867322) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| For The Year Ended 31 December 2015 |
| 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 net invoiced sales of goods, excluding value added tax. |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| Investment property |
| In accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015):- (i) |
| investment properties are revalued annually and the aggregate surplus or deficit is transferred to a revaluation |
| reserve and (ii) no depreciation is provided in respect of freehold investment properties. The requirement of the |
| Companies Act 2006 is to depreciate all properties, but that requirement conflicts with the generally accepted |
| accounting principle set out in the Financial Reporting Standard for Smaller Entities (effective January 2015). |
| The directors consider that to depreciate investment properties would not give a true and fair view, but that a true |
| and fair view is given by following the Financial Reporting Standard for Smaller Entities (effective January |
| 2015) as described above. If this departure had not been made the profit for the financial year would have been |
| reduced by depreciation on the revalued properties of £52,600 (2014: £49,910) and this charge would have been |
| reduced by £20,436 (2014: £17,745) if the historical cost accounting rules had been used. |
| The properties were valued at 31 December 2015 by a director who holds appropriate qualifications. |
| Stocks |
| Work in progress is valued at the lower of cost and net realisable value. |
| Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| Tax on investment property |
| It is the company's policy not to provide for any potential liability to tax on capital gains following the |
| revaluation of its investment properties. |
| BROOKESWOOD DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02867322) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| For The Year Ended 31 December 2015 |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 January 2015 |
| and 31 December 2015 |
| DEPRECIATION |
| At 1 January 2015 |
| Charge for year |
| At 31 December 2015 |
| NET BOOK VALUE |
| At 31 December 2015 |
| At 31 December 2014 |
| 3. | INVESTMENT PROPERTY |
| Total |
| £ |
| COST OR VALUATION |
| At 1 January 2015 |
| Revaluations |
| At 31 December 2015 |
| NET BOOK VALUE |
| At 31 December 2015 |
| At 31 December 2014 |
| 4. | CREDITORS |
| Creditors include an amount of £ |
| They also include the following debts falling due in more than five years: |
| 2015 | 2014 |
| £ | £ |
| Repayable otherwise than by instalments | - | 1,069,667 |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2015 | 2014 |
| value: | £ | £ |
| Ordinary | £1 |
| BROOKESWOOD DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02867322) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| For The Year Ended 31 December 2015 |
| 6. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the years ended 31 December 2015 and |
| 31 December 2014: |
| 2015 | 2014 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Balance outstanding at end of year |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Balance outstanding at end of year |
| The loans are interest free and repayable on demand. |