BOR_INVESTMENTS_LIMITED - Accounts

BOR INVESTMENTS LIMITED - Company Information

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Company Registration No. 00568802 (England and Wales)

BOR INVESTMENTS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2016

BOR INVESTMENTS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

BOR INVESTMENTS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

5 APRIL 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

4,297

Current assets

Debtors

394,083

422,348

Investments

13,983

Cash at bank and in hand

67,744

40,825

475,810

477,156

Creditors: amounts falling due within one year

(314,819)

(315,379)

Net current assets

160,991

161,777

Total assets less current liabilities

165,288

166,074

Capital and reserves

Called up share capital

3,500

Other reserves

65,325

Profit and loss account

96,463

97,249

Shareholders' funds

165,288

166,074

For the financial year ended 5 April 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 15 December 2016

Mr E Bor

Mrs A Bor

Director

Company Registration No. 00568802

BOR INVESTMENTS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 5 APRIL 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for rents and loan profits.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.

Although this accounting policy is in accordance with the applicable accounting standard, SSAP 19, Accounting for investment properties, it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

1.5

Investments

Current asset investments are stated at the lower of cost and net realisable value.

Fixed assets

Tangible assets

Cost

At 6 April 2015 & at 5 April 2016

4,297

At 5 April 2015

4,297

Share capital

2016

2015

Allotted, called up and fully paid

70,000 Ordinary shares of 5p each

3,500