Birchwood Property Development Limited - Accounts to registrar - small 17.2

Birchwood Property Development Limited - Accounts to registrar - small 17.2

BIRCHWOOD PROPERTY DEVELOPMENT LIMITED - Company Information

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REGISTERED NUMBER: 08858517 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2017

FOR

BIRCHWOOD PROPERTY DEVELOPMENT LIMITED

BIRCHWOOD PROPERTY DEVELOPMENT LIMITED (REGISTERED NUMBER: 08858517)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2017










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BIRCHWOOD PROPERTY DEVELOPMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2017







DIRECTORS: F Batho
L Palmer
D Palmer





REGISTERED OFFICE: C/O JRB Accountancy Ltd
Mansfield i-Centre
Hamilton Way
Mansfield
Nottinghamshire
NG18 5BR





REGISTERED NUMBER: 08858517 (England and Wales)





Page 1
BIRCHWOOD PROPERTY DEVELOPMENT LIMITED (REGISTERED NUMBER: 08858517)

BALANCE SHEET
31 JANUARY 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 7,000 8,000
Tangible assets 5 1,753 225
8,753 8,225

CURRENT ASSETS
Stocks 244,725 207,923
Cash at bank and in hand 46,902 366
291,627 208,289
CREDITORS
Amounts falling due within one year 6 147,405 80,752
NET CURRENT ASSETS 144,222 127,537
TOTAL ASSETS LESS CURRENT
LIABILITIES
152,975
135,762

CREDITORS
Amounts falling due after more than one
year
7
188,356
190,000
NET LIABILITIES (35,381 ) (54,238 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (35,481 ) (54,338 )
SHAREHOLDERS' FUNDS (35,381 ) (54,238 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2017 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 notes form part of these financial statements

Page 2 continued...
BIRCHWOOD PROPERTY DEVELOPMENT LIMITED (REGISTERED NUMBER: 08858517)

BALANCE SHEET - continued
31 JANUARY 2017


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 31 October 2017 and were signed on its behalf
by:





D Palmer - Director


The notes form part of these financial statements

Page 3
BIRCHWOOD PROPERTY DEVELOPMENT LIMITED (REGISTERED NUMBER: 08858517)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2017


1. STATUTORY INFORMATION

Birchwood Property Development 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,
rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and
slow moving items.

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 have been enacted or
substantively enacted by the balance sheet date.


Page 4 continued...
BIRCHWOOD PROPERTY DEVELOPMENT LIMITED (REGISTERED NUMBER: 08858517)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2017


2. ACCOUNTING POLICIES - continued
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.

Going concern
The directors consider the company to be a going concern due to the ongoing financial support of the
shareholders and principal investors

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2016
and 31 January 2017 10,000
AMORTISATION
At 1 February 2016 2,000
Charge for year 1,000
At 31 January 2017 3,000
NET BOOK VALUE
At 31 January 2017 7,000
At 31 January 2016 8,000

Page 5 continued...
BIRCHWOOD PROPERTY DEVELOPMENT LIMITED (REGISTERED NUMBER: 08858517)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2017


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2016 450
Additions 1,737
At 31 January 2017 2,187
DEPRECIATION
At 1 February 2016 225
Charge for year 209
At 31 January 2017 434
NET BOOK VALUE
At 31 January 2017 1,753
At 31 January 2016 225

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Other creditors 147,405 80,752

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2017 2016
£    £   
Bank loans 188,356 -
Other creditors - 190,000
188,356 190,000

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 188,356 -

Page 6 continued...
BIRCHWOOD PROPERTY DEVELOPMENT LIMITED (REGISTERED NUMBER: 08858517)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2017


8. RELATED PARTY DISCLOSURES

D Palmer
Director


During the period a loan account subsisted with the director. During the period the director advanced to the
company £31,660 and the company repaid to the director £27,448. At the period end a balance of £4,221
(2016: £9) was due to the director. The loan is interest free and under no specific repayment terms.

F Batho
Director


During the period a loan account subsisted with the director. During the period the director advanced to the
company £13,319 and the company repaid to the director £102,544. At the period end a balance of £101,645
(2016: £190,870) was due to the director. The loan is interest free and under no specific repayment terms.

A Palmer

Father of the director


During the period a loan of £25,000 was repaid in full to the father of the director D Palmer.

Page 7