BINGCLIFF LIMITED - Abbreviated accounts

BINGCLIFF LIMITED - Abbreviated accounts


Registered number: 01084818
BINGCLIFF LIMITED
REPORT AND ACCOUNTS
FOR THE YEAR ENDED
31 JANUARY 2017
BINGCLIFF LIMITED
REGISTERED NUMBER: 01084818
BALANCE SHEET
as at 31 January 2017
Notes 2017 2016
£ £
FIXED ASSETS
Financial assets 2 88,732 88,732
CREDITORS: amounts falling due within one year 3 (87,793) (87,793)
NET CURRENT LIABILITIES (87,793) (87,793)
NET ASSETS 939 939
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and loss account 839 839
SHAREHOLDERS' FUNDS 939 939
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P J M Plant
Director
Approved by the board on 31 October 2017
BINGCLIFF LIMITED
NOTES TO THE ACCOUNTS
for the year ended 31 January 2017
1 ACCOUNTING POLICIES
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1A small entities.
Turnover
The company was dormant throughout the current year and previous year.
Investments
Investments in unquoted equity instruments are measured at fair value. Changes in fair value are recognised in profit or loss. Fair value is estimated by using a valuation technique.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 FINANCIAL ASSETS
Investments in
subsidiary
undertakings
£
Cost
At 1 February 2016 88,732
At 31 January 2017 88,732
3 CREDITORS: amounts falling due within one year 2017 2016
£ £
Other creditors 87,793 87,793
4 CONTROLLING PARTY
The company is controlled by Mr B C M Plant, Mr S J Plant and Mrs L E White.
5 OTHER INFORMATION
Bingcliff Limited is a private company limited by shares and incorporated in England. Its registered office is:
7 Faraday Court
First Avenue
Burton on Trent
Staffordshire
DE14 2WX
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