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Abbreviated Unaudited Accounts for the Year Ended 31 July 2016 |
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Baldwin & Harrison Limited |
REGISTERED NUMBER:
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Abbreviated Unaudited Accounts for the Year Ended 31 July 2016 |
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Baldwin & Harrison Limited |
Baldwin & Harrison Limited (Registered number: 01257396) |
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Contents of the Abbreviated Accounts |
for the Year Ended 31 July 2016 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 3 |
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Chartered Accountants' Report | 5 |
Baldwin & Harrison Limited |
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Company Information |
for the Year Ended 31 July 2016 |
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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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Baldwin & Harrison Limited (Registered number: 01257396) |
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Abbreviated Balance Sheet |
31 July 2016 |
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31.7.16 | 31.7.15 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 2 |
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CURRENT ASSETS |
Debtors |
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Cash at bank |
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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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CAPITAL AND RESERVES |
Called up share capital | 3 |
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Revaluation reserve |
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Profit and loss account |
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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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The financial statements were approved by the Board of Directors on
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Baldwin & Harrison Limited (Registered number: 01257396) |
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Notes to the Abbreviated Accounts |
for the Year Ended 31 July 2016 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention as modified by the revaluation |
of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January |
2015). |
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Rents received |
Rental income arising from investment properties is accounted for on a straight line basis over the lease term. |
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Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in |
market value is transferred to a revaluation reserve. |
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In accordance with the FRSSE, investment properties are stated at open market values. No depreciation is |
provided, which is a departure from the Companies Act 2006, but is required to provide a true and fair view. The |
directors undertake an annual review of valuations and seek independent professional valuations once every 7 |
years. No provision is made for potential tax arising from revaluation of investment properties as they represent |
unrealised gains |
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Deferred tax |
The charge for taxation takes into account taxation deferred as a result of timing differences between the |
treatment of certain items for taxation and accounting purposes. Deferred tax is recognised in respect of all |
timing differences that have originated but not reversed by the balance sheet date. Deferred tax assets are only |
recognised where it is considered more likely than not that future profits will be available for offset. Deferred tax |
is measured on a non-discounted basis at the average tax rates that would apply in the periods in which the timing |
differences are expected to reverse, based on the tax rates and laws that have been enacted by the balance sheet |
date. |
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2. | INVESTMENT PROPERTY |
Total |
£ |
COST OR VALUATION |
At 1 August 2015 |
and 31 July 2016 |
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NET BOOK VALUE |
At 31 July 2016 |
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At 31 July 2015 |
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3. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.7.16 | 31.7.15 |
value: | £ | £ |
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Ordinary | £1 |
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Baldwin & Harrison Limited (Registered number: 01257396) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 July 2016 |
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4. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to directors subsisted during the years ended 31 July 2016 and 31 July 2015: |
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31.7.16 | 31.7.15 |
£ | £ |
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Balance outstanding at start of year | ( |
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Amounts repaid |
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Balance outstanding at end of year | ( |
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Balance outstanding at start of year | ( |
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Amounts advanced |
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Amounts repaid | ( |
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Balance outstanding at end of year | ( |
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Amounts in brackets are due to the director, are interest free and repayable on demand. |
The above amounts represent the aggregate movements during the year rather than each individual transaction |
Chartered Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
Baldwin & Harrison Limited |
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The following reproduces the text of the report prepared for the directors in respect of the company's annual |
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four) |
have been prepared. |
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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 Baldwin & Harrison Limited for the year ended 31 July 2016 which comprise the Profit and Loss |
Account, the 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 Board of Directors of Baldwin & Harrison Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Baldwin & Harrison Limited and state those matters that we have agreed to state to the Board of Directors of Baldwin & Harrison Limited, as a body, 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 Baldwin & Harrison Limited Board of Directors, as a body, for our work or for this report. |
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It is your duty to ensure that Baldwin & Harrison Limited 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 profit of Baldwin & Harrison Limited. You consider that Baldwin & Harrison Limited 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 Baldwin & Harrison Limited. 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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31 January 2017 |