Company Registration No. 03500485 (England and Wales)
BESSON LINE LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2015
BESSON LINE LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 4
BESSON LINE LIMITED
ABBREVIATED BALANCE SHEET
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
1,387
1,467
Investments
2
1,130,790
736,080
1,132,177
737,547
Current assets
Debtors
569,035
172,275
Cash at bank and in hand
290,188
44,999
859,223
217,274
Creditors: amounts falling due within one year
3
(1,711,975)
(688,597)
Net current liabilities
(852,752)
(471,323)
Total assets less current liabilities
279,425
266,224
Creditors: amounts falling due after more than one year
4
(328,071)
(333,212)
(48,646)
(66,988)
Capital and reserves
Called up share capital
5
100
100
Profit and loss account
(48,746)
(67,088)
Shareholders' funds
(48,646)
(66,988)
For the financial year ended 30 June 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
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;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 7 March 2016
D F Pinto
Director
Company Registration No. 03500485
BESSON LINE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment
3 years straight line
1.5
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.6
Going concern
The financial statements are prepared on the going concern basis dependent on the continued support of the director and shareholder.
BESSON LINE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2015
- 3 -
2
Fixed assets
Tangible assets
Investments
Total
£
£
£
Cost
At 1 July 2014
1,509
736,080
737,589
Additions
589
394,710
395,299
At 30 June 2015
2,098
1,130,790
1,132,888
Depreciation
At 1 July 2014
42
-
42
Charge for the year
669
-
669
At 30 June 2015
711
-
711
Net book value
At 30 June 2015
1,387
1,130,790
1,132,177
At 30 June 2014
1,467
736,080
737,547
This investment represents a 50% share in two properties in which Camberley Estates Limited has an equitable interest.
3
Creditors: amounts falling due within one year
The aggregate amount of creditors for which security has been given amounted to £6,666 (2014 - £6,666).
The bank mortgage loan is secured on the property in which Camberley Estates Limited has an equitable interest (see note 2).
The director has personal secured charges over the properties.
4
Creditors: amounts falling due after more than one year
The aggregate amount of creditors for which security has been given amounted to £78,071 (2014 - £83,212).
The bank mortgage loan is secured on the property in which Camberley Estates Limited has an equitable interest (see note 2).
The director has personal secured charges over the properties.
BESSON LINE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2015
- 4 -
5
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100
The 250,000 Non-redeemable preference shares of £1 each are shown within creditors due after more than one year.
6
Control
The overall controlling party is D F Pinto, director and shareholder.