Brownstone Gate Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 06005867 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2016

for

Brownstone Gate Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr. W J Pye

Mrs. M Pye

REGISTERED OFFICE:

Kings Lodge

London Road

West Kingsdown

Sevenoaks

Kent

TN15 6AR

REGISTERED NUMBER:

06005867 (England and Wales)

ACCOUNTANTS:

A4G LLP

Kings Lodge

London Road

West Kingsdown

Sevenoaks

Kent

TN15 6AR

FIXED ASSETS

Tangible assets

2

2,492

-

CURRENT ASSETS

Debtors

17,982

14,410

Cash at bank and in hand

24,455

124,158

42,437

138,568

CREDITORS

Amounts falling due within one year

44,826

64,399

NET CURRENT (LIABILITIES)/ASSETS

(2,389

)

74,169

TOTAL ASSETS LESS CURRENT
LIABILITIES

103

74,169

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

3

74,069

SHAREHOLDERS' FUNDS

103

74,169

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 31 December 2016 and were signed on its behalf
by:

Mr. W J Pye - Director

Mrs. M Pye - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and are in accordance with

applicable accounting standards.

Turnover

Turnover represents net invoiced sales of management services, 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.

Computer equipment

-

25% on cost

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

8,401

Additions

3,323

At 31 March 2016

11,724

DEPRECIATION

At 1 April 2015

8,401

Charge for year

831

At 31 March 2016

9,232

NET BOOK VALUE

At 31 March 2016

2,492

At 31 March 2015

-

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1

100

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the company repaid £21,183 (2015: £nil) in respect of money loaned from the directors, Mr W J
Pye and Mrs M Pye This therefore leaves total loans owed to the directors, at the year end of £370. (2015:
£21,553) held under creditors due within one year. The loan is made to the directors interest free and is
repayable within 9 months of year end.