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Unaudited Financial Statements |
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for the Year Ended 31 March 2017 |
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for |
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Bowmere Properties Limited |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 31 March 2017 |
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for |
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Bowmere Properties Limited |
Bowmere Properties Limited (Registered number: SC047267) |
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Contents of the Financial Statements |
for the Year Ended 31 March 2017 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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Bowmere Properties Limited |
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Company Information |
for the Year Ended 31 March 2017 |
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DIRECTORS: |
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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 |
2 & 6 Wellgatehead |
Lanark |
Lanarkshire |
ML11 9AA |
Bowmere Properties Limited (Registered number: SC047267) |
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Balance Sheet |
31 March 2017 |
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31.3.17 | 31.3.16 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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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 | 7 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Revaluation reserve | 9 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
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Bowmere Properties Limited (Registered number: SC047267) |
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Notes to the Financial Statements |
for the Year Ended 31 March 2017 |
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1. | STATUTORY INFORMATION |
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Bowmere Properties Limited is a
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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 |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added |
tax and other sales taxes. |
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Tangible fixed assets |
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Land and buildings | - |
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Plant and machinery etc | - |
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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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4. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST |
At 1 April 2016 |
and 31 March 2017 |
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DEPRECIATION |
At 1 April 2016 |
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Charge for year |
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At 31 March 2017 |
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NET BOOK VALUE |
At 31 March 2017 |
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At 31 March 2016 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.17 | 31.3.16 |
£ | £ |
Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.17 | 31.3.16 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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Bowmere Properties Limited (Registered number: SC047267) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2017 |
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7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.3.17 | 31.3.16 |
£ | £ |
Bank loans |
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Other creditors |
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8. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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31.3.17 | 31.3.16 |
£ | £ |
Bank loans |
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The bank loans and overdraft are secured by a bond and floating charge over the assets and undertakings of the company and |
a standard security over the properties at Leyland, Lancaster, Grangemouth and Glasgow. |
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9. | RESERVES |
Revaluation |
reserve |
£ |
At 1 April 2016 |
and 31 March 2017 |
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The revaluation reserve reflects the result of professional valuations of most of the properties and on the directors' |
revaluation of the properties owned by the company carried out in the year ended 31 March 2011 . |
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10. | RELATED PARTY DISCLOSURES |
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For the year ended 31 March 2017 the directors of the company were also directors of the following companies : |
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Mansewood Factors Limited |
Bowmere Inc. (a company registered in the United States of America). |
Bowmere Holdings Limited |
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As at 31 March 2017 the sum owed to the company by Bowmere Inc. and shown in other debtors is £199,258 (2016 |
£199,258).. |
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The sum owed by the company to Mansewood Factors Limited and shown in other creditors at 31 March 2017 is £85,219 |
(2016: £85,219). |
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The sum owed by Bowmere Holdings Limited at 31 March 2017 is £856 (2016: £220) and this is shown in other debtors. |
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All loans are interest free and have no fixed repayment terms. |