REGISTERED NUMBER:
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BIRDHURST INVESTMENT COMPANY LIMITED |
ABBREVIATED UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2016 |
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REGISTERED NUMBER:
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BIRDHURST INVESTMENT COMPANY LIMITED |
ABBREVIATED UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2016 |
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BIRDHURST INVESTMENT COMPANY LIMITED (REGISTERED NUMBER: 00547037) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 MARCH 2016 |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
BIRDHURST INVESTMENT COMPANY LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2016 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
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BIRDHURST INVESTMENT COMPANY LIMITED (REGISTERED NUMBER: 00547037) |
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ABBREVIATED BALANCE SHEET |
31 MARCH 2016 |
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2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 2 |
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Investment property | 3 |
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CURRENT ASSETS |
Debtors | 4 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 5 |
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Revaluation reserve |
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Capital redemption reserve |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his 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. |
BIRDHURST INVESTMENT COMPANY LIMITED (REGISTERED NUMBER: 00547037) |
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ABBREVIATED BALANCE SHEET - continued |
31 MARCH 2016 |
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The financial statements were approved by the director on
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BIRDHURST INVESTMENT COMPANY LIMITED (REGISTERED NUMBER: 00547037) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 MARCH 2016 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention as modified by the |
revaluation of certain assets and in accordance with the Financial Reporting Standard for Smaller |
Entities (effective January 2015). |
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Turnover |
Turnover represents the value of rents and fees invoiced by the company, net of VAT. |
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Investment property |
In accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), the |
company's freehold properties are held for long-term investment and are included in the balance sheet |
at their open market values. The surpluses or deficits on revaluation of such properties are transferred |
to the investment property revaluation reserve. Depreciation is not provided in respect of freehold |
investment properties. |
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Designated bank accounts |
During the course of ordinary activities the company may collect rent deposits, some of which are held |
in designated bank accounts. As such these balances do not represent assets of the company as they |
do not convey on the company any rights or other access to future economic benefits. |
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On this basis such designated bank account balances are not included in the company's balance sheet |
together with the corresponding liability to repay the amounts to the third parties. |
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2. | FIXED ASSET INVESTMENTS |
Investments |
other |
than |
loans |
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COST |
At 1 April 2015 | 468 |
Disposals | (468 | ) |
At 31 March 2016 |
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NET BOOK VALUE |
At 31 March 2016 |
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At 31 March 2015 |
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BIRDHURST INVESTMENT COMPANY LIMITED (REGISTERED NUMBER: 00547037) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 MARCH 2016 |
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3. | INVESTMENT PROPERTY |
Total |
£ |
COST OR VALUATION |
At 1 April 2015 |
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Additions |
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Disposals | ( |
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Revaluations |
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At 31 March 2016 |
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NET BOOK VALUE |
At 31 March 2016 |
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At 31 March 2015 |
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The investment properties were valued on an open market basis on 31 March 2016 by the director B J |
Darkin. |
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Freehold land and buildings: | 2016 | 2015 |
£ | £ |
Historical cost | 9,101,468 | 8,268,398 |
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4. |
DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
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The aggregate total of debtors falling due after more than one year is £
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5. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
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Ordinary | £1 |
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6. | DESIGNATED BANK ACCOUNTS |
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At the balance sheet date the company held £24,657 (2015 - £66,366) in designated bank accounts. |