Burghley Court Limited Company Accounts
Burghley Court Limited Company Accounts
COMPANY REGISTRATION NUMBER:
05373223
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Financial Statements |
Year ended 31 March 2017
Contents |
Page |
Statement of financial position |
1 |
Notes to the financial statements |
2 |
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Statement of Financial Position |
2017 |
2016 |
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Note |
£ |
£ |
£ |
Fixed assets
Tangible assets |
4 |
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Current assets
Debtors |
5 |
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Creditors: amounts falling due within one year |
6 |
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-------- |
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Net current liabilities |
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------- |
------- |
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Total assets less current liabilities |
(
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(
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Net liabilities |
(
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(
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Capital and reserves
Called up share capital |
7 |
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Profit and loss account |
(
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(
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Shareholders deficit |
(
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(
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In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
Directors' responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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These financial statements were approved by the
board of directors
and authorised for issue on
31 December 2017
, and are signed on behalf of the board by:
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Director |
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Company registration number:
05373223
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Notes to the Financial Statements |
Year ended 31 March 2017
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 146 New London Road, Chelmsford, Essex, CM2 0AW.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the going concern basis. This is based on the continued support of the directors.
Transition to FRS 102
The entity transitioned from previous UK GAAP to FRS 102 as at 1 April 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 9.
Revenue recognition
Tangible assets
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4.
Tangible assets
Land and buildings |
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£ |
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Cost |
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At 1 April 2016 and 31 March 2017 |
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Depreciation |
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At 1 April 2016 and 31 March 2017 |
– |
------- |
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Carrying amount |
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At 31 March 2017 |
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------- |
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At 31 March 2016 |
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------- |
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5.
Debtors
2017 |
2016 |
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£ |
£ |
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Other debtors |
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6.
Creditors:
amounts falling due within one year
2017 |
2016 |
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£ |
£ |
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Accruals and deferred income |
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Director loan accounts |
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7.
Called up share capital
Issued, called up and fully paid
2017 |
2016 |
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No. |
£ |
No. |
£ |
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3 |
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3 |
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8.
Related party transactions
There was no controlling party during the year. An amount of £18,871 (2012 £18,871) was owed jointly to the directors at the Balance Sheet date.
9.
Transition to FRS 102
These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 April 2015.
No transitional adjustments were required in equity or profit or loss for the year.
10.
Other spare note 99 heading
SPAREB99 USER DEFINED HEADING
The company.......