British Danubian Trade Developm't Co Ltd - Abbreviated accounts 16.3

British Danubian Trade Developm't Co Ltd - Abbreviated accounts 16.3

BRITISH DANUBIAN TRADE DEVELOPMENT COMPANY LIMITED - Company Information

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REGISTERED NUMBER: 00415292












BRITISH DANUBIAN TRADE DEVELOPMENT
COMPANY LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED

30 SEPTEMBER 2016






BRITISH DANUBIAN TRADE DEVELOPMENT
COMPANY LIMITED (REGISTERED NUMBER: 00415292)






CONTENTS OF THE ABBREVIATED ACCOUNTS
for the year ended 30 September 2016




Page

Company information 1

Abbreviated balance sheet 2

Notes to the abbreviated accounts 4

Report of the accountants 6

BRITISH DANUBIAN TRADE DEVELOPMENT
COMPANY LIMITED

COMPANY INFORMATION
for the year ended 30 September 2016







DIRECTOR: S A J Carew Deverell





SECRETARY: Mrs M Carew Deverell





REGISTERED OFFICE: Lygon House
50 London Road
Bromley
Kent
BR1 3RA





REGISTERED NUMBER: 00415292





ACCOUNTANTS: F W Berringer & Co
Chartered Accountants
Lygon House
50 London Road
Bromley
Kent
BR1 3RA
Page 1
BRITISH DANUBIAN TRADE DEVELOPMENT
COMPANY LIMITED (REGISTERED NUMBER: 00415292)

ABBREVIATED BALANCE SHEET
30 September 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 72,232 85,047
Investments 3 1,886,634 1,886,734
Investment property 4 15,740,978 15,740,978
17,699,844 17,712,759

CURRENT ASSETS
Debtors 5 786,911 192,835
Cash at bank and in hand 1,194,026 2,695,014
1,980,937 2,887,849
CREDITORS
Amounts falling due within one year 77,374 145,438
NET CURRENT ASSETS 1,903,563 2,742,411
TOTAL ASSETS LESS CURRENT
LIABILITIES
19,603,407
20,455,170

CREDITORS
Amounts falling due after more than one year - 834,746
NET ASSETS 19,603,407 19,620,424

CAPITAL AND RESERVES
Called up share capital 6 410 410
Revaluation reserve 7,686,705 7,686,705
Capital redemption reserve 40 40
Profit and loss account 11,916,252 11,933,269
SHAREHOLDERS' FUNDS 19,603,407 19,620,424

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 notes form part of these abbreviated accounts

Page 2 continued...
BRITISH DANUBIAN TRADE DEVELOPMENT
COMPANY LIMITED (REGISTERED NUMBER: 00415292)

ABBREVIATED BALANCE SHEET - continued
30 September 2016


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 25 May 2017 and were signed by:





S A J Carew Deverell - Director


The notes form part of these abbreviated accounts

Page 3
BRITISH DANUBIAN TRADE DEVELOPMENT
COMPANY LIMITED (REGISTERED NUMBER: 00415292)

NOTES TO THE ABBREVIATED ACCOUNTS
for the year ended 30 September 2016

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain
assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Preparation of consolidated financial statements
The financial statements contain information about British Danubian Trade Development Company Limited as an
individual company and do not contain consolidated financial information as the parent of a group. The company has taken
the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Income
Income generated is credited to the profit and loss account in respect of the periods to which it relates.

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

Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Investment property
No depreciation is provided for in respect of investment properties in accordance with the Financial Reporting Standard for
Smaller Entities (effective January 2015). Such properties are held for their investment potential and not for consumption
within the business. This is a departure from the Companies Act 2006 which requires all properties to be depreciated and
the directors consider that to depreciate them would not enable the financial statements to give a true and fair view.
Investment properties are stated at their market value at the balance sheet date.

Pension costs and other post-retirement benefits
The company contributes to one of the director's personal pension schemes.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 October 2015 709,600
Disposals (14,300 )
At 30 September 2016 695,300
DEPRECIATION
At 1 October 2015 624,553
Charge for year 12,747
Eliminated on disposal (14,232 )
At 30 September 2016 623,068
NET BOOK VALUE
At 30 September 2016 72,232
At 30 September 2015 85,047

Page 4 continued...
BRITISH DANUBIAN TRADE DEVELOPMENT
COMPANY LIMITED (REGISTERED NUMBER: 00415292)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
for the year ended 30 September 2016

3. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST OR VALUATION
At 1 October 2015 1,886,734
Disposals (100 )
At 30 September 2016 1,886,634
NET BOOK VALUE
At 30 September 2016 1,886,634
At 30 September 2015 1,886,734

4. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 October 2015
and 30 September 2016 15,740,978
NET BOOK VALUE
At 30 September 2016 15,740,978
At 30 September 2015 15,740,978

5. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 14,000 (2015 - £ 21,000 )

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
410 Ordinary £1 410 410

7. FIXED ASSET TRADING INVESTMENTS - UNLISTED INVESTMENTS

On 2 September 2015 a limited liability partnership agreement was set up between the company, the director and a further
designated member under the name of Nineteen Sixteen LLP. This is included as an unlisted investment in the accounts at
a total of £1,886,634 at the year end.

The financial statements for the above LLP are filed at Companies House.

8. SUBSIDIARY TRANSACTIONS

Marver House Limited was struck off on 2 February 2016.

Page 5
BRITISH DANUBIAN TRADE DEVELOPMENT
COMPANY LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
BRITISH DANUBIAN TRADE DEVELOPMENT
COMPANY LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited
financial statements, from which the unaudited abbreviated accounts (set out on pages two to five) have been prepared.

As described on the Balance sheet you are responsible for the preparation of the financial statements for the year ended 30 September 2016 set out on pages three to ten and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






F W Berringer & Co
Chartered Accountants
Lygon House
50 London Road
Bromley
Kent
BR1 3RA


25 May 2017

This page does not form part of the abbreviated accounts

Page 6