Brenda Road Properties Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 02319010 (England and Wales)

Abbreviated Accounts for the Year Ended 31 March 2016

for

BRENDA ROAD PROPERTIES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

R C Irvine

T Dunningham

SECRETARY:

D Lawn

REGISTERED OFFICE:

Parsons Business Centre

Brenda Road

Hartlepool

TS25 2BJ

REGISTERED NUMBER:

02319010 (England and Wales)

ACCOUNTANTS:

King Hope

Chartered Accountants

31-33 Victoria Road

Darlington

Co. Durham

DL1 5SB

SOLICITORS:

Tilly Bailey & Irvine

12 Evolution

Wynyard Park

Wynyard

Stockton on Tees

TS22 5TB

FIXED ASSETS

Tangible assets

2

296

1,659

CURRENT ASSETS

Debtors

3

2,048,778

2,074,560

Cash at bank

11,689

12,721

2,060,467

2,087,281

CREDITORS

Amounts falling due within one year

840,594

732,150

NET CURRENT ASSETS

1,219,873

1,355,131

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,220,169

1,356,790

CAPITAL AND RESERVES

Called up share capital

4

2,117,000

Profit and loss account

(896,831

)

(760,210

)

SHAREHOLDERS' FUNDS

1,220,169

1,356,790

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

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.

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 Board of Directors on 19 December 2016 and were signed on its behalf
by:

R C Irvine - 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 January 2015).

Tangible fixed assets

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

Short leasehold

-

over the term of the lease

Plant and machinery

-

20% on cost

Fixtures and fittings

-

10% on cost

Deferred tax

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

sheet date, except where recovery against future profits is deemed unlikely.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account as incurred.

Rentals receivable under operating leases are recognised on a straight line basis over the period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

18,884

DEPRECIATION

At 1 April 2015

17,225

Charge for year

1,363

At 31 March 2016

18,588

NET BOOK VALUE

At 31 March 2016

296

At 31 March 2015

1,659

3.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

The aggregate total of debtors falling due after more than one year is £ 2,000,754 (2015 - £ 1,998,978 )

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

2,117,000

Ordinary

£1

2,117,000

5.	ULTIMATE PARENT COMPANY

Sulleys Investments Limited (incorporated in Jersey ) is regarded by the directors as being the company's

ultimate parent company.

6.	GOING CONCERN

The financial statements are prepared on the going concern basis which assumes that the company is able to

continue in business. However the validity of the going concern basis is dependent upon the continuing support

of creditors.

This is necessary because payment of the debt due from the parent company of £2,000,754 remains outstanding

and appears unlikely.