Company Registration No. 1693685 (England and Wales)
Bon Marche Centre Limited
Unaudited accounts
for the year ended 31 March 2017
Bon Marche Centre Limited
Unaudited accounts
Contents
Bon Marche Centre Limited
Company Information
for the year ended 31 March 2017
Directors
John Higgins
Marie Higgins
Valerie Ghent
Keith Higgins
Ian Higgins
Nigel Ghent
Company Number
1693685 (England and Wales)
Registered Office
241-251 Ferndale Road
London
SW9 8BJ
Bon Marche Centre Limited
Statement of financial position
as at
31 March 2017
Tangible assets
1,983,735
1,780,910
Cash at bank and in hand
557,145
531,965
Creditors: amounts falling due within one year
(1,152,098)
(1,088,060)
Net current liabilities
(146,266)
(34,200)
Total assets less current liabilities
1,837,469
2,130,261
Creditors: amounts falling due after more than one year
(327,471)
(248,481)
Net assets
1,509,998
1,881,780
Called up share capital
5,961,484
5,961,484
Profit and loss account
(4,451,486)
(4,079,704)
Shareholders' funds
1,509,998
1,881,780
For the year ending 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 4 December 2017.
John Higgins
Director
Company Registration No. 1693685
Bon Marche Centre Limited
Notes to the Accounts
for the year ended 31 March 2017
Bon Marche Centre Limited is a private company, limited by shares, registered in England and Wales, registration number 1693685. The registered office is 241-251 Ferndale Road, London, SW9 8BJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 March 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
50 years
Plant & machinery
15 years
Fixtures & fittings
Straight line - 10%
Bon Marche Centre Limited
Notes to the Accounts
for the year ended 31 March 2017
4
Tangible fixed assets
Total
At 1 April 2016
6,690,035
At 31 March 2017
6,988,191
At 1 April 2016
4,909,125
Charge for the year
95,331
At 31 March 2017
5,004,456
At 31 March 2017
1,983,735
At 31 March 2016
1,780,910
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Share capital
2017
2016
Allotted, called up and fully paid:
5,961,484 Ordinary shares of £1 each
5,961,484
5,961,484
During the year the company paid interest to the directors and members of their families of £27,699 (2016: £32,151) at commercially appropriate interest rates on unsecured loans made by these parties.
During the year, the company paid management and retail consultancy fees of £100,000 and £100,000 respectively (2016: £450,000) to its parent company Lipton Retail Consultancy Company Ltd. At the year end the company owed £272,251 to its parent company (2016: £412,015)
Throughout the year, the company has been controlled by its parent company, Lipton Retail Consultancy Company Ltd.
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Average number of employees
During the year the average number of employees was 8 (2016: 8).