|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
Unaudited Financial Statements for the Year Ended 30 April 2018 |
|
for |
|
Bains Property Ltd |
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
Unaudited Financial Statements for the Year Ended 30 April 2018 |
|
for |
|
Bains Property Ltd |
Bains Property Ltd (Registered number: 03105612) |
|
|
|
|
|
|
Contents of the Financial Statements |
for the Year Ended 30 April 2018 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 4 |
|
Bains Property Ltd |
|
Company Information |
for the Year Ended 30 April 2018 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
|
SECRETARY: |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
Woodlands Grange |
Woodlands Lane |
Bradley Stoke |
Bristol |
BS32 4JY |
Bains Property Ltd (Registered number: 03105612) |
|
Balance Sheet |
30 April 2018 |
|
30.4.18 | 30.4.17 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 3 |
|
|
|
CURRENT ASSETS |
Debtors | 4 |
|
|
Cash at bank |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 5 |
|
|
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CREDITORS |
Amounts falling due after more than one
year |
6 |
( |
) |
( |
) |
|
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
|
|
|
CAPITAL AND RESERVES |
Called up share capital | 7 |
|
|
Retained earnings |
|
|
SHAREHOLDERS' FUNDS |
|
|
|
|
|
|
|
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. |
Bains Property Ltd (Registered number: 03105612) |
|
Balance Sheet - continued |
30 April 2018 |
|
|
|
|
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
|
|
|
|
|
|
|
|
Bains Property Ltd (Registered number: 03105612) |
|
Notes to the Financial Statements |
for the Year Ended 30 April 2018 |
|
1. | STATUTORY INFORMATION |
|
Bains Property Ltd is a
|
registered number and registered office address can be found on the Company Information page. |
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
Whilst the balance sheet is showing net current liabilities, the directors confirm that the company is able to meet |
its liabilities as and when they become due and that the company will continue trading for at least the next twelve |
months. They therefore consider that it remains appropriate for the accounts to be prepared on a going concern |
basis. |
|
Turnover |
Turnover represents rental income receivable. |
|
Tangible fixed assets |
|
Fixtures and fittings | - |
|
Computer equipment | - |
|
|
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
the extent that it relates to items recognised in other comprehensive income or directly in equity. |
|
Current or deferred taxation assets and liabilities are not discounted. |
|
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
substantively enacted by the balance sheet date. |
|
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
|
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that |
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the |
timing difference. |
|
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they |
will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
Bains Property Ltd (Registered number: 03105612) |
|
Notes to the Financial Statements - continued |
for the Year Ended 30 April 2018 |
|
3. | TANGIBLE FIXED ASSETS |
Improvements | Fixtures |
Freehold | to | and | Computer |
property | property | fittings | equipment | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 May 2017 |
and 30 April 2018 |
|
|
|
|
|
DEPRECIATION |
At 1 May 2017 |
|
|
|
|
|
Charge for year |
|
|
|
|
|
At 30 April 2018 |
|
|
|
|
|
NET BOOK VALUE |
At 30 April 2018 |
|
|
|
|
|
At 30 April 2017 |
|
|
|
|
|
|
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.18 | 30.4.17 |
£ | £ |
Rent due |
|
|
Prepayments |
|
|
|
|
|
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.18 | 30.4.17 |
£ | £ |
Tax |
|
|
Other creditors |
|
|
Directors' current accounts |
|
|
Accrued expenses |
|
|
|
|
|
6. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
30.4.18 | 30.4.17 |
£ | £ |
Other loans more 5yrs instal |
|
|
|
Amounts falling due in more than five years: |
|
Repayable by instalments |
Other loans more 5yrs instal | 500,000 | 500,000 |
|
The other loans of £500,000 have a non repayment period of fifteen years and are then repayable in instalments |
of £50,000 per annum. |
Bains Property Ltd (Registered number: 03105612) |
|
Notes to the Financial Statements - continued |
for the Year Ended 30 April 2018 |
|
7. | CALLED UP SHARE CAPITAL |
|
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.4.18 | 30.4.17 |
value: | £ | £ |
|
Ordinary 'A' Shares | £1 | 10 | 10 |
|
Ordinary 'B' Shares | £1 | 490 | 490 |
500 | 500 |
|
8. | RELATED PARTY DISCLOSURES |
|
Included in the 'Other creditors' figure in the balance sheet is £503,426 due by the company to JDKR Limited |
(2016: £514,497). JDKR Ltd is a related party, in that Mr and Mrs Bains own 100% of the issued ordinary |
share capital in JDKR Limited and own 100% of the issued ordinary A share capital in Bains Property Limited. |
The loan is interest-free and is being paid off periodically. |
|
At 30 April 2017, the company owed the directors £765,032 (2016: £776,078). This loan is interest-free, |
unsecured and repayable on demand. |
|
9. | ULTIMATE CONTROLLING PARTY |
|
Ultimate control of the company lies with the directors Mr D and Mrs J Bains who own 50% each of the |
Ordinary A share capital. |