Banner Estates Limited - Accounts to registrar - small 16.3d

REGISTERED NUMBER: 03253807 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2016

for

Banner Estates Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Ms C D van Heerden

A R Lamb FAIA FCIPD

SECRETARY:

Saville Company Secretaries Limited

REGISTERED OFFICE:

10 Saville Court

Saville Place

Clifton

Bristol

Avon

BS8 4EJ

REGISTERED NUMBER:

03253807 (England and Wales)

ACCOUNTANTS:

PKB International Limited

Saville Court

10 Saville Place

Clifton

Bristol

BS8 4EJ

FIXED ASSETS

Tangible assets

4

146,004

146,004

CURRENT ASSETS

Debtors

5

-

1,923

Cash at bank

856

5,755

856

7,678

CREDITORS

Amounts falling due within one year

6

5,770

11,814

NET CURRENT LIABILITIES

(4,914

)

(4,136

)

TOTAL ASSETS LESS CURRENT LIABILITIES

141,090

141,868

CREDITORS

Amounts falling due after more than one year

7

391,961

372,867

NET LIABILITIES

(250,871

)

(230,999

)

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

(251,871

)

(231,999

)

SHAREHOLDERS' FUNDS

(250,871

)

(230,999

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 21 September 2017 and were signed on its behalf by:

A R Lamb FAIA FCIPD - Director

1.	STATUTORY INFORMATION

Banner Estates Limited is a private company, limited by shares , registered in England and Wales. The company's registered

number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets

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

No depreciation is provided against freehold property .

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent

that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in

which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been

enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be

recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 January 2016

and 31 December 2016

146,004

NET BOOK VALUE

At 31 December 2016

146,004

At 31 December 2015

146,004

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Other debtors

-

1,923

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Trade creditors

5,770

11,745

Other creditors

-

69

5,770

11,814

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.16

31.12.15

£

£

Other creditors

391,961

372,867

8.	RELATED PARTY DISCLOSURES