Brittanic Properties (London) Limited - Accounts to registrar (filleted) - small 17.3

Brittanic Properties (London) Limited - Accounts to registrar (filleted) - small 17.3


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REGISTERED NUMBER: 05077017 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2017

for

BRITTANIC PROPERTIES (LONDON) LIMITED

BRITTANIC PROPERTIES (LONDON) LIMITED (REGISTERED NUMBER: 05077017)

Contents of the Financial Statements
for the Year Ended 31 August 2017










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BRITTANIC PROPERTIES (LONDON) LIMITED

Company Information
for the Year Ended 31 August 2017







DIRECTORS: C S CHANDHOK
Ms S K SOKAL
Mrs M K Anand





REGISTERED OFFICE: 12 Woodside Avenue
London
N12 8BG





REGISTERED NUMBER: 05077017 (England and Wales)





ACCOUNTANTS: Malshahz Accountants
27 Russell Road
Whetstone
London
N20 0TN

BRITTANIC PROPERTIES (LONDON) LIMITED (REGISTERED NUMBER: 05077017)

Balance Sheet
31 August 2017

31.8.17 31.8.16
Notes £    £   
FIXED ASSETS
Tangible assets 4 606,737 411,894

CURRENT ASSETS
Debtors 5 8,361 3,850
Cash at bank 54,774 6,526
63,135 10,376
CREDITORS
Amounts falling due within one year 6 (436,404 ) (414,152 )
NET CURRENT LIABILITIES (373,269 ) (403,776 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

233,468

8,118

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 232,468 7,118
SHAREHOLDERS' FUNDS 233,468 8,118

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 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 4 February 2018 and were signed on its behalf by:





C S CHANDHOK - Director


BRITTANIC PROPERTIES (LONDON) LIMITED (REGISTERED NUMBER: 05077017)

Notes to the Financial Statements
for the Year Ended 31 August 2017


1. STATUTORY INFORMATION

Brittanic Properties (London) 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rents receivable excluding Value Added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on cost

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4. TANGIBLE FIXED ASSETS
Freehold Computer
property equipment Totals
£    £    £   
COST OR VALUATION
At 1 September 2016 468,131 1,929 470,060
Revaluations 200,000 - 200,000
At 31 August 2017 668,131 1,929 670,060
DEPRECIATION
At 1 September 2016 57,050 1,116 58,166
Charge for year 4,675 482 5,157
At 31 August 2017 61,725 1,598 63,323
NET BOOK VALUE
At 31 August 2017 606,406 331 606,737
At 31 August 2016 411,081 813 411,894

BRITTANIC PROPERTIES (LONDON) LIMITED (REGISTERED NUMBER: 05077017)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2017


4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 August 2017 is represented by:

Freehold Computer
property equipment Totals
£    £    £   
Valuation in 1 200,000 - 200,000
Cost 468,131 1,929 470,060
668,131 1,929 670,060

If freehold land and buildings had not been revalued they would have been included at the following historical
cost:

31.8.17 31.8.16
£    £   
Cost 468,131 -
Aggregate depreciation 57,050 -

Value of land in freehold land and buildings 600,000 -

Freehold land and building were valued on an open market basis on 31 January 2018 by Directors of the company.
.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.17 31.8.16
£    £   
Trade debtors 240 -
Other debtors 8,121 3,850
8,361 3,850

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.17 31.8.16
£    £   
Taxation and social security 18,134 3,754
Other creditors 418,270 410,398
436,404 414,152