pinacle 6.0
2017.03.01
BIRCHPARK INVESTMENTS LIMITED
755370
2016-04-01
2017-03-31
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2017-03-31
755370
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2017-03-31
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2017-03-31
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BIRCHPARK INVESTMENTS LIMITED
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FILLETED FINANCIAL STATEMENTS
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COMPANY REGISTRATION NUMBER - 755370
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|
1. |
BIRCHPARK INVESTMENTS LIMITED
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COMPANY NUMBER - 755370
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|
BALANCE SHEET AS AT
31 MARCH 2017
|
|
|
|
|
2017 |
|
2016 |
|
|
|
|
---- |
|
---- |
|
|
Notes |
£ |
£ |
£ |
£ |
|
|
FIXED ASSETS
|
|
Tangible assets |
4 |
|
7,960,000
|
|
7,960,000
|
|
|
Investments |
5 |
|
101,657
|
|
101,657
|
|
|
Cost of Investments in |
|
|
Joint Property Syndicates |
6 |
|
59,120 |
|
59,120 |
|
|
Investments-Joint Property |
|
|
Syndicates |
7 |
|
9,274,627 |
|
12,202,520 |
|
|
|
|
|
|
|
|
|
|
17,395,404
|
|
20,323,297
|
CURRENT ASSETS
|
|
Debtors |
8 |
1,464,147
|
|
241,237
|
|
|
Cash at bank and in hand |
|
2,122,099
|
|
36,265
|
|
|
|
|
|
|
|
|
3,586,246
|
|
277,502
|
CURRENT LIABILITIES
|
|
CREDITORS - Amounts |
falling due within one year |
9 |
523,736
|
|
1,396,534
|
|
|
|
|
|
|
NET CURRENT ASSETS (LIABILITIES)
|
|
|
3,062,510
|
|
(1,119,032) |
|
|
|
|
|
|
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TOTAL ASSETS LESS CURRENT LIABILITIES
|
|
|
20,457,914
|
|
19,204,265
|
|
|
CREDITORS - Amounts falling |
|
|
due after more than one year |
9 |
1,113,486
|
|
1,140,350
|
|
Provisions for liabilities
|
|
|
Deferred taxation |
10 |
437,765 |
|
437,765 |
|
|
|
|
|
|
|
|
(1,551,251) |
|
(1,578,115) |
|
|
|
|
|
|
NET ASSETS
|
|
|
18,906,663
|
|
17,626,150
|
|
|
|
|
|
|
|
|
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2. |
BIRCHPARK INVESTMENTS LIMITED
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COMPANY NUMBER - 755370
|
|
BALANCE SHEET AS AT
31 MARCH 2017
|
|
|
|
|
|
2017 |
|
2016 |
|
|
|
---- |
|
---- |
|
Notes |
|
£ |
|
£ |
|
CAPITAL AND RESERVES
|
|
Called up share capital |
11 |
|
100
|
|
100
|
|
|
Profit - Not distributable |
|
|
4,383,903 |
|
4,383,903 |
|
|
Profit and Loss account |
|
|
14,522,660 |
|
13,242,147 |
|
|
|
|
|
|
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SHAREHOLDERS' FUNDS
|
|
|
18,906,663
|
|
17,626,150
|
|
|
|
|
|
|
|
These financial statements have been prepared in accordance with the provisions of FRS102 Section 1A of the Companies Act 2006 relating to small companies. In accordance with section 444 of the Companies Act 2006, the directors' report and the profit and loss account have not been delivered.
For the financial year ended 31 March 2017, the company was entitled to exemption from audit under section 477 of the Companies Act 2006; and no notice has been deposited under section 476.
The members have not required the company to obtain an audit.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
Approved by the board of directors on6 February 2018
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and signed on their behalf by: |
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H NEUMANN
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The notes on pages 3 to 6 form an integral part of these accounts.
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3. |
BIRCHPARK INVESTMENTS LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
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YEAR ENDED 31 MARCH 2017
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1. COMPANY INFORMATION
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Birchpark Investments Limited is a Private Company, limited by shares, domiciled in England and Wales, registration number 755370.
The company's registered office is 2nd Flr Parkgates Bury New Rd, Prestwich, Manchester, M25 0TL.
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2. ACCOUNTING POLICIES
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BASIS OF ACCOUNTING
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The financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below. These financial statements have been prepared in accordance with FRS102, section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
This is the first year in which the financial statements have been prepared under FRS102. Details of the transition to FRS 102 are disclosed in note 13.
The financial statements are presented in pounds sterling, which is the functional currency of the entity.
Turnover is measured at the fair value of the consideration received or receivable and represents goods supplied or services rendered, stated net of Value Added Tax. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Turnover from the sale of goods is recognised when goods are delivered and legal title has passed.
Contributions in respect of the company's defined contribution pension scheme are charged to the profit and loss account for the year in which they are payable to the scheme. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments at the year end.
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INVESTMENTS IN JOINT PROPERTY SYNDICATES
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Investments in syndicates are accounted for under the equity accounting method.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
The average number of persons employed by the company (including directors) during the year was 5 (2016 - 5).
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4. |
BIRCHPARK INVESTMENTS LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
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YEAR ENDED 31 MARCH 2017
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4. FIXED ASSETS - TANGIBLE
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|
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|
Land and |
|
Buildings |
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|
Fair Value
|
£
|
At 1 April 2016 |
7,960,000 |
and 31 March 2017 |
|
Net book values
|
At 31 March 2017 |
7,960,000 |
|
|
At 1 April 2016 |
7,960,000 |
|
|
|
|
|
The historical cost of the freehold properties |
included at valuation are as follows: |
£ |
Cost
|
At 1 April 2016 |
3,138,332 |
|
|
At 31 March 2017 |
3,138,332 |
|
|
|
|
Net book amounts
|
At 31 March 2017 |
3,138,332 |
|
|
|
At 1 April 2016 |
3,138,332 |
|
|
|
5. FIXED ASSETS - INVESTMENTS
|
|
Unlisted |
|
Investments |
|
£ |
Cost |
At 1 April 2016 |
101,657 |
|
|
and 31 March 2017 |
|
|
The company's investment represents 100 ordinary shares of £1 each and 100,000 redeemmable preference share of £1 each in The Strategic Land Group Limited and costs connected therwith, an unlisted company.
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6. COST OF INVESTMENTS IN JOINT PROPERTY SYNDICATES
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|
This represents the cost of the company's investment in various property syndicates.
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5. |
BIRCHPARK INVESTMENTS LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
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|
YEAR ENDED 31 MARCH 2017
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|
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7. INVESTMENTS IN JOINT SYNDICATES
|
Investment at 1 April 2016 |
12,202,518 |
Additions |
522,499 |
Surplus for the year |
1,614,194 |
|
|
|
14,339,211 |
Repaid |
(5,064,584) |
|
|
|
9,274,627 |
|
|
|
|
|
2017 |
|
2016 |
|
---- |
|
---- |
|
£ |
|
£ |
8. DEBTORS
|
|
Due within one year: |
Other debtors |
1,464,147 |
|
241,237 |
|
|
|
|
|
|
2017 |
|
2016 |
|
---- |
|
---- |
|
£ |
|
£ |
9. CREDITORS
|
|
Amounts falling due within one year: |
Bank loan(secured) |
27,000
|
|
26,500
|
Taxation and social security |
201,321
|
|
200,208
|
Other creditors |
295,415
|
|
1,169,826
|
|
|
|
|
|
523,736 |
|
1,396,534 |
|
|
|
|
|
Amounts falling due after one year: |
Other creditors: |
Bank loans(secured) |
1,113,486
|
|
1,140,350
|
|
|
|
|
|
10. DEFERRED TAXATION
|
|
At 1 April 2016 |
437,765 |
|
437,765 |
|
|
|
|
At 31 March 2017 |
437,765 |
|
437,765 |
|
|
|
|
|
|
6. |
BIRCHPARK INVESTMENTS LIMITED
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|
NOTES TO THE FINANCIAL STATEMENTS
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YEAR ENDED 31 MARCH 2017
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|
|
|
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11. CALLED UP SHARE CAPITAL
|
|
There was no change in share capital during the year.
|
Allotted, called up and fully paid |
shares of £1 eachOrdinary
|
100 |
|
100 |
|
|
|
|
|
12. RELATED PARTY TRANSACTIONS
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|
Related Company Loans
Included in debtors due within one year are loans to companies which have common directors in the sum of £1,237,417 and included in creditors due within one year are loans of £150,003 from similar companies. All loans are interest free and repayable on demand.
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|
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13. IMPACT OF FIRST YEAR ADOPTION OF FRS102
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The accounting policies applied under the company's previous accounting framework are not materially different to FRS 102 and have not impacted on equity or the profit or loss.