Registration number:
Unaudited
Abbreviated Accounts
for the
Year Ended
Badcock & Evered Limited
Contents
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Badcock & Evered Limited
(Registration number: 00219128)
Abbreviated Balance Sheet at 30 June 2016
Note |
2016
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2015
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Fixed assets |
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Tangible fixed assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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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 liabilities |
( |
( |
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Capital and reserves |
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Called up share capital |
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Revaluation reserve |
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Profit and loss account |
( |
( |
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Shareholders' deficit |
( |
( |
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Badcock & Evered Limited
(Registration number: 00219128)
Abbreviated Balance Sheet at 30 June 2016
Approved by the Board on
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Badcock & Evered Limited
Notes to the Abbreviated Accounts
For the Year Ended 30 June 2016
Accounting policies |
Basis of preparation
Going concern
The company has planning permission to develop its investment property and continues to look at options for doing so to maximise its value. In the meantime rent from the existing tenant broadly covers expenditure and the company operates at around breakeven each year. The company has net liabilities and remains dependent on the continued support of a related company, under common ownership, to continue as a going concern. The directors consider it appropriate to prepare the financial statements on the going concern basis.
Turnover
Depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:
Asset class |
Depreciation method and rate |
Plant & equipment |
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Investment properties
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Badcock & Evered Limited
Notes to the Abbreviated Accounts
For the Year Ended 30 June 2016
Fixed assets |
Tangible assets
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Total
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Cost |
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At 1 July 2015 |
834,752 |
834,752 |
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At 30 June 2016 |
834,752 |
834,752 |
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Depreciation |
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At 1 July 2015 |
74,752 |
74,752 |
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At 30 June 2016 |
74,752 |
74,752 |
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Net book value |
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At 30 June 2016 |
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At 30 June 2015 |
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Creditors |
Creditors includes the following liabilities, on which security has been given by the company:
2016
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2015
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Amounts falling due after more than one year |
824,505 |
824,505 |
Share capital |
Allotted, called up and fully paid shares
2016 |
2015 |
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No. |
£ |
No. |
£ |
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