Company Registration No. 05779309 (England and Wales)
BLUECROFT ESTATES LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2015
BLUECROFT ESTATES LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 5
BLUECROFT ESTATES LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 JUNE 2015
30 June 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Intangible assets
2
-
40,000
Tangible assets
2
595,664
598,638
Investments
2
2,321,607
2,321,607
2,917,271
2,960,245
Current assets
Stocks
4,410
4,200
Debtors
166,955
16,867
Cash at bank and in hand
198,169
276,561
369,534
297,628
Creditors: amounts falling due within one year
(449,029)
(430,789)
Net current liabilities
(79,495)
(133,161)
Total assets less current liabilities
2,837,776
2,827,084
Creditors: amounts falling due after more than one year
3
(2,215,676)
(2,136,475)
Provisions for liabilities
(10,224)
(6,947)
611,876
683,662
Capital and reserves
Called up share capital
4
100
100
Profit and loss account
611,776
683,562
Shareholders' funds
611,876
683,662
BLUECROFT ESTATES LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
30 JUNE 2015
30 June 2015
- 2 -
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.
Directors' 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 directors acknowledge their 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 31 March 2016
Mr R D Murugupillai
Director
Company Registration No. 05779309
BLUECROFT ESTATES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2015
- 3 -
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).
The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future.
The validity of this assumption depends on the continued support of the directors and creditors.
If the company were unable to continue in operational existence for the foreseeable future, adjustments would have to be made to reduce balance sheet values of assets to their recoverable amounts, to provide for further liabilities that might arise and reclassify fixed assets as current assets.
1.2
Turnover
Turnover represents amounts receivable for goods and services net of trade discounts.
1.3
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 5 years.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land 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:
Freehold land and buildings
2% straight line
Computer equipment
33.33% straight line
Fixtures, fittings and equipment
25% reducing balance
Motor vehicles
25% reducing balance
1.5
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.6
Stock
Stock is valued at the lower of cost and net realisable value.
1.7
Pensions
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.
1.8
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
1.9
Group accounts
The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.
BLUECROFT ESTATES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2015
- 4 -
2
Fixed assets
Intangible assets
Tangible assets
Investments
Total
£
£
£
£
Cost
At 1 July 2014
405,000
733,154
2,321,607
3,459,761
Additions
-
44,047
-
44,047
At 30 June 2015
405,000
777,201
2,321,607
3,503,808
Depreciation
At 1 July 2014
365,000
134,516
-
499,516
Charge for the year
40,000
47,021
-
87,021
At 30 June 2015
405,000
181,537
-
586,537
Net book value
At 30 June 2015
-
595,664
2,321,607
2,917,271
At 30 June 2014
40,000
598,638
2,321,607
2,960,245
Holdings of more than 20%
The company holds more than 20% of the share capital of the following companies:
Company
Country of registration or
Shares held
incorporation
Class
%
Subsidiary undertakings
Leacroft Lodge Limited
England & Wales
Ordinary
100.00
The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:
Capital and reserves
Profit/(loss) for the year
2015
2015
Principal activity
£
£
Leacroft Lodge Limited
Provision of care for the elderly
299,974
128,785
BLUECROFT ESTATES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2015
- 5 -
3
Creditors: amounts falling due after more than one year
2015
2014
£
£
Analysis of loans repayable in more than five years
Total not repayable by instalments and due in more than five years
1,452,959
1,412,409
The aggregate amount of creditors for which security has been given amounted to £719,465 (2014 - £744,225).
4
Share capital
2015
2014
£
£
Allotted, called up and fully paid
45 "A" Ordinary shares of £1 each
45
45
45 "B" Ordinary shares of £1 each
45
45
10 consisting of 5 "C" Ordinary shares and 5 "D" Ordinary shares of £1 each
10
10
100
100
All class of shares rank pari passu in all respects save that "C" and "D" Ordinary shares have no voting rights.
5
Transactions with directors
Included in other debtors are
amounts of
£29,848
(2014:
£nil
) and
£
33,044
(2014: £
nil
) due
from
Mr R R Selliah and Mr R D Murugupillai respectively.
Included in other long term creditors are
amounts of
£nil
(2014:
£6,266
) and £
nil
(2014: £
3,162
) due
to
Mr R R Selliah and Mr R D Murugupillai respectively.
Interest of £1,658 (2014: £nil) and £1,750 (£nil) was charged on the respective loans of Mr R R Selliah and Mr R D Murugupillai.
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