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REPORT OF THE DIRECTOR AND |
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH APRIL 2016 |
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BLUE CREST PTY LTD |
REGISTERED NUMBER:
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REPORT OF THE DIRECTOR AND |
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH APRIL 2016 |
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FOR |
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BLUE CREST PTY LTD |
BLUE CREST PTY LTD (REGISTERED NUMBER: 07609286) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
For The Year Ended 30th April 2016 |
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Company Information | 1 |
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Report of the Director | 2 |
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Chartered Accountants' Report | 3 |
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Income Statement | 4 |
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Balance Sheet | 5 |
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Notes to the Financial Statements | 7 |
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BLUE CREST PTY LTD |
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COMPANY INFORMATION |
For The Year Ended 30th April 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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Bank House |
81 St Judes Road |
Englefield Green |
Surrey |
TW20 0DF |
BLUE CREST PTY LTD (REGISTERED NUMBER: 07609286) |
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REPORT OF THE DIRECTOR |
For The Year Ended 30th April 2016 |
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The director presents his report with the financial statements of the company for the year ended 30th April 2016. |
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PRINCIPAL ACTIVITY |
The principal activity of the company in the year under review was that of a dental practice and property management. |
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DIRECTOR |
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This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small |
companies. |
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ON BEHALF OF THE BOARD: |
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CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
BLUE CREST PTY LTD |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of Blue Crest Pty Ltd for the year ended 30th April 2016 which comprise the Income Statement, |
Balance Sheet and the related notes from the company's accounting records and from information and explanations you |
have given us. |
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As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
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This report is made solely to the director of Blue Crest Pty Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Blue Crest Pty Ltd and state those matters that we have agreed to state to the director of Blue Crest Pty Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Blue Crest Pty Ltd director for our work or for this report. |
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It is your duty to ensure that Blue Crest Pty Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Blue Crest Pty Ltd. You consider that Blue Crest Pty Ltd is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of Blue Crest Pty Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
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Bank House |
81 St Judes Road |
Englefield Green |
Surrey |
TW20 0DF |
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BLUE CREST PTY LTD (REGISTERED NUMBER: 07609286) |
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INCOME STATEMENT |
For The Year Ended 30th April 2016 |
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2016 | 2015 |
Notes | £ | £ |
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TURNOVER |
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Cost of sales |
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GROSS PROFIT |
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Administrative expenses |
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(17,216 | ) | (49,180 | ) |
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Other operating income |
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OPERATING PROFIT/(LOSS) | 4 |
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( |
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Interest payable and similar expenses | 5 |
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LOSS BEFORE TAXATION | ( |
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Tax on loss | 6 |
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LOSS FOR THE FINANCIAL YEAR | ( |
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BLUE CREST PTY LTD (REGISTERED NUMBER: 07609286) |
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BALANCE SHEET |
30th April 2016 |
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2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 7 |
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Tangible assets | 8 |
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CURRENT ASSETS |
Debtors | 9 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 10 |
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NET CURRENT ASSETS/(LIABILITIES) |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
11 |
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NET LIABILITIES | ( |
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CAPITAL AND RESERVES |
Called up share capital | 12 |
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Retained earnings | 13 | ( |
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SHAREHOLDERS' FUNDS | ( |
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The director acknowledges his responsibilities for: |
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ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and |
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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. |
BLUE CREST PTY LTD (REGISTERED NUMBER: 07609286) |
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BALANCE SHEET - continued |
30th April 2016 |
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The financial statements were approved by the director on
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BLUE CREST PTY LTD (REGISTERED NUMBER: 07609286) |
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NOTES TO THE FINANCIAL STATEMENTS |
For The Year Ended 30th April 2016 |
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1. | STATUTORY INFORMATION |
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Blue Crest Pty Ltd is a
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registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
- Dental income |
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Turnover represents the value of services provided under contracts to the extent that there is a right to |
consideration and is recorded at the value of the consideration due. Where a contract has only been partially |
completed at the balance sheet date turnover represents the value of the service provided to date based on a |
proportion of the total expected consideration at completion. |
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Where payments are received from customers in advance of services provided, the amounts are |
recorded as Deferred Income and included as part of Creditors due within one year. |
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- Rental income |
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Turnover represents rents receivable on properties within the UK. Rents are receivable on a weekly and monthly |
basis and where payments are receivable from tenants for periods ending after the balance sheet date, the |
relevant proportion of rent receivable is recorded as deferred income and included as part of creditors due within |
one year. |
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Goodwill |
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Tangible fixed assets |
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Equipment | - |
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Fixed assets are stated at their cost prices, less accumulated depreciation and less amounts recognised in respect |
of impairment. |
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All fixed assets are initially recorded at cost. |
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Going concern |
The directors have formed a judgement at the time of approving the Annual Financial Statements that there is a |
reasonable expectation that the company has adequate resources to continue in operational existence for the |
foreseeable future. For this reason the directors have adopted the going concern basis in preparing the accounts |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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BLUE CREST PTY LTD (REGISTERED NUMBER: 07609286) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 30th April 2016 |
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2016 | 2015 |
£ | £ |
Director's remuneration |
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4. | OPERATING PROFIT/(LOSS) |
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The operating profit (2015 - operating loss) is stated after charging: |
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2016 | 2015 |
£ | £ |
Depreciation - owned assets |
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Goodwill amortisation |
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5. | INTEREST PAYABLE AND SIMILAR EXPENSES |
2016 | 2015 |
£ | £ |
Bank loan interest |
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6. | TAXATION |
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Analysis of the tax charge |
No liability to UK corporation tax arose for the year ended 30th April 2016 nor for the year ended |
30th April 2015. |
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The company has trading losses of £51,132 (2015 - £29,429) and Property losses of £21,034 (2015 - £27,211) |
available to offset against future arising profits. |
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7. | INTANGIBLE FIXED ASSETS |
Goodwill |
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COST |
At 1st May 2015 |
and 30th April 2016 |
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AMORTISATION |
At 1st May 2015 |
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Amortisation for year |
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At 30th April 2016 |
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NET BOOK VALUE |
At 30th April 2016 |
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At 30th April 2015 |
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BLUE CREST PTY LTD (REGISTERED NUMBER: 07609286) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 30th April 2016 |
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8. | TANGIBLE FIXED ASSETS |
Equipment |
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COST |
At 1st May 2015 |
and 30th April 2016 |
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DEPRECIATION |
At 1st May 2015 |
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Charge for year |
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At 30th April 2016 |
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NET BOOK VALUE |
At 30th April 2016 |
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At 30th April 2015 |
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9. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Prepayments and accrued income |
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10. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Social security and other taxes |
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Accruals and deferred income |
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11. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2016 | 2015 |
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Bank loans - 1-2 years |
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Bank loans - 2-5 years |
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Bank loans more 5 yr by instal |
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Directors' loan accounts | 6,208 | 17,900 |
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Amounts falling due in more than five years: |
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Repayable by instalments |
Bank loans more 5 yr by instal | 17,357 | 17,638 |
BLUE CREST PTY LTD (REGISTERED NUMBER: 07609286) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 30th April 2016 |
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12. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
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Ordinary £0.01 Shares | 1p | 10 | 10 |
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A Ordinary share | £1 | 1 | 1 |
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B Ordinary share | £1 | 1 | 1 |
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C Ordinary Share | £1 | 1 | 1 |
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D Ordinary Share | £1 | 1 | 1 |
14 | 14 |
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13. | RESERVES |
Retained |
earnings |
£ |
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At 1st May 2015 | ( |
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Deficit for the year | ( |
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At 30th April 2016 | ( |
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14. | RELATED PARTY DISCLOSURES |
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Included under creditors falling due after more than one year is an amount due to Dr GJC Norval, the director, of |
£6,208 (2015 - £17,900). This loan is interest free, unsecured and no fixed terms for repayment. |
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During the year the company leased properties from Dr GJC Norval amounting to £17,163 (2015 - £14,032). |
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15. | ULTIMATE CONTROLLING PARTY |
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The controlling party is Dr. G J C Norval. |