Brenid Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 03378709 (England and Wales)

BRENID LTD

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Ms J R Bassett

SECRETARY:

Mrs P F De Carteret

REGISTERED OFFICE:

Bollands

Minerva Mill

Station road

Alcester

Warwickshire

B49 5ET

REGISTERED NUMBER:

03378709 (England and Wales)

ACCOUNTANTS:

Bollands Chartered Accountants

Minerva Mill

Station Road

Alcester

Warwickshire

B49 5ET

FIXED ASSETS

Tangible assets

2

-

-

Investment property

3

795,000

795,000

795,000

795,000

CURRENT ASSETS

Debtors

591

224

Cash at bank

12,696

11,279

13,287

11,503

CREDITORS

Amounts falling due within one year

319,138

318,432

NET CURRENT LIABILITIES

(305,851

)

(306,929

)

TOTAL ASSETS LESS CURRENT LIABILITIES

489,149

488,071

CAPITAL AND RESERVES

Called up share capital

4

100

100

Revaluation reserve

389,620

389,620

Profit and loss account

99,429

98,351

SHAREHOLDERS' FUNDS

489,149

488,071

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director on 11 July 2014 and were signed by:

Ms J R Bassett - Director

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 April 2008).

Turnover

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

Tangible fixed assets

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

Plant and machinery etc

-

25% on cost

Investment property

The properties are held as investment properties and are not subject to a depreciation charge in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008). This is a departure from the Companies Act 2006

and is necessary to give a true and fair view.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

No provision has been made for deferred tax on the potential gain on the revalued property as the company has no intention

of selling the assets.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

129

DEPRECIATION

At 1 April 2013

and 31 March 2014

129

NET BOOK VALUE

At 31 March 2014

-

At 31 March 2013

-

3.	INVESTMENT PROPERTY

Total

£

COST

At 1 April 2013

and 31 March 2014

795,000

NET BOOK VALUE

At 31 March 2014

795,000

At 31 March 2013

795,000

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary share

£1

100

100

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

6.	RELATED PARTY DISCLOSURES