Abbreviated Company Accounts - BODEN PROPERTIES LIMITED

BODEN PROPERTIES LIMITED - Company Information

02900147 BODEN PROPERTIES LIMITED 2015-07-30 false 2014-08-01 2015-07-30 true 02900147 2014-08-01 2015-07-30 02900147 2015-07-30 02900147 2014-07-31 02900147 uk-gaap-cd-bus:Director1 2014-08-01 2015-07-30 02900147 uk-gaap-cd-bus:Director2 2014-08-01 2015-07-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-08-01 2015-07-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-07-31 uk-gaap-cd-bus:OrdinaryShareClass2 2014-08-01 2015-07-30 uk-gaap-cd-bus:OrdinaryShareClass2 2015-07-30 uk-gaap-cd-bus:OrdinaryShareClass2 2014-07-31 iso4217:GBP shares

Registered Number 02900147

BODEN PROPERTIES LIMITED

Abbreviated Accounts

30 July 2015

BODEN PROPERTIES LIMITED Registered Number 02900147

Abbreviated Balance Sheet as at 30 July 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	480,983	480,983
Investments	3	150	150
		481,133	481,133
Current assets
Stocks		457,359	934,978
Debtors		14,908	25,971
Cash at bank and in hand		44,516	250
		516,783	961,199
Creditors: amounts falling due within one year	4	(1,039,655)	(1,232,307)
Net current assets (liabilities)		(522,872)	(271,108)
Total assets less current liabilities		(41,739)	210,025
Creditors: amounts falling due after more than one year	4	(269,927)	(275,422)
Total net assets (liabilities)		(311,666)	(65,397)
Capital and reserves
Called up share capital	5	1,000	1,000
Revaluation reserve		112,176	112,176
Profit and loss account		(424,842)	(178,573)
Shareholders' funds		(311,666)	(65,397)

For the year ending 30 July 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 31 July 2016

And signed on their behalf by:
MR N BOULD, Director

BODEN PROPERTIES LIMITED Registered Number 02900147

Notes to the Abbreviated Accounts for the period ended 30 July 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

In common with others in the property sector opportunities available to the company for property development have been significantly reduced by the economic climate.

In light of this, the directors have considered their business model, the company's cash flows and commitments and consider that the company is able to continue to operate within its bank facilities. The directors are not aware of any reason why those facilities should cease to be available and as a result they continue to apply the going concern basis of accounting.

Turnover policy
Turnover represents net invoiced sales of goods, excluding value added tax.

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

Plant & Machinery etc - 10% on cost

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in market value is transferred to a revaluation reserve.

Valuation information and policy
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.

Other accounting policies
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate.

2Tangible fixed assets

	£
Cost
At 1 August 2014	517,713
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 July 2015	517,713
Depreciation
At 1 August 2014	36,730
Charge for the year	-
On disposals	-
At 30 July 2015	36,730
Net book values
At 30 July 2015	480,983
At 31 July 2014	480,983

3Fixed assets Investments
The company's investments at the balance sheet date in the share capital of companies include the following:

Compass Point (St Ives) Management Company Ltd
Country of incorporation: England & Wales
Nature of business: Property Estate Management

Class of shares:
Ordinary 'A' Shares - 50% holding
Ordinary 'B' Shares - 6.41% holding

The company trades to break even and its aggregate capital and reserves are not material.

Consolidated accounts have not been prepared on the grounds that the parent company is itself a wholly-owned subsidiary undertaking.

4Creditors

	2015 £	2014 £
Secured Debts	279,265	654,145
Instalment debts due after 5 years	50,199	50,199

5Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
500 A Ordinary shares of £1 each	500	500
500 B Ordinary shares of £1 each	500	500

Boden Group Holdings Limited (incorporated in England and Wales) is regarded by the director as being the company's ultimate parent company.