|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements |
|
for the Year Ended 31 July 2018 |
|
for |
|
B D Investments Limited |
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements |
|
for the Year Ended 31 July 2018 |
|
for |
|
B D Investments Limited |
B D Investments Limited (Registered number: 03162255) |
|
|
|
|
|
|
Contents of the Financial Statements |
for the Year Ended 31 July 2018 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 4 |
|
B D Investments Limited |
|
Company Information |
for the Year Ended 31 July 2018 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
12a Marlborough Place |
BRIGHTON |
East Sussex |
BN1 1WN |
B D Investments Limited (Registered number: 03162255) |
|
Balance Sheet |
31 July 2018 |
|
31.7.18 | 31.7.17 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
|
|
|
CURRENT ASSETS |
Debtors | 5 |
|
|
Cash at bank |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 6 |
|
|
NET CURRENT ASSETS |
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CREDITORS |
Amounts falling due after more than
one year |
7 |
( |
) |
( |
) |
|
PROVISIONS FOR LIABILITIES | 9 | ( |
) | ( |
) |
NET ASSETS |
|
|
|
CAPITAL AND RESERVES |
Called up share capital | 10 |
|
|
Retained earnings | 11 |
|
|
SHAREHOLDERS' FUNDS |
|
|
|
|
|
|
|
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. |
B D Investments Limited (Registered number: 03162255) |
|
Balance Sheet - continued |
31 July 2018 |
|
|
|
|
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
|
The financial statements were approved by the Board of Directors on
behalf by: |
|
|
|
|
|
|
|
B D Investments Limited (Registered number: 03162255) |
|
Notes to the Financial Statements |
for the Year Ended 31 July 2018 |
|
1. | STATUTORY INFORMATION |
|
B D Investments Limited is a
|
The company's registered number and registered office address can be found on the Company |
Information page. |
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
Tangible fixed assets |
|
|
Freehold property |
The policy of not providing depreciation on freehold property is in accordance with the revaluation |
model procedure laid down in Section 1A 'Small Entities' of Financial Reporting Standard 102 'The |
Financial Reporting Standard applicable in the UK and Republic of Ireland'. The policy is a departure |
from the specific requirement of the Companies Act 2006 to provide depreciation on any fixed asset |
which has a limited useful economic life. The departure from the Companies Act 2006 requirement |
is for the overriding purpose of giving a true and fair view in accordance with Section 1A of |
Financial Reporting Standard 102. |
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was NIL (2017 - 3 ). |
|
4. | TANGIBLE FIXED ASSETS |
Freehold |
property |
£ |
COST OR VALUATION |
At 1 August 2017 |
and 31 July 2018 |
|
NET BOOK VALUE |
At 31 July 2018 |
|
At 31 July 2017 |
|
|
The freehold property was revalued on an open market basis subject to vacant possession on 23rd |
August 2006 by Graves Jenkins Consultant Surveyors and Valuers. The directors are of the opinion |
that the valuation had not changed significantly from that figure by 31st July 2017. |
B D Investments Limited (Registered number: 03162255) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31 July 2018 |
|
4. | TANGIBLE FIXED ASSETS - continued |
|
Cost or valuation at 31 July 2018 is represented by: |
|
Freehold |
property |
£ |
Valuation in 2006 | 2,006,714 |
Valuation in 2011 | 104,000 |
Cost | 643,286 |
2,754,000 |
|
If Freehold property had not been revalued it would have been included at the following historical |
cost: |
|
31.7.18 | 31.7.17 |
£ | £ |
Cost | 643,286 | 643,286 |
|
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.7.18 | 31.7.17 |
£ | £ |
Trade debtors |
|
|
Elite Avis Way Properties Ltd | 162,000 | 162,000 |
Prepayments |
|
|
|
|
|
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.7.18 | 31.7.17 |
£ | £ |
Bank loans and overdrafts |
|
|
Tax |
|
|
Social security and other taxes |
|
|
VAT | 16,013 | 16,013 |
Other creditors |
|
|
Accrued expenses |
|
|
|
|
|
7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
31.7.18 | 31.7.17 |
£ | £ |
Bank loans - 1-2 years |
|
|
Bank loans - 2-5 years |
|
|
|
|
B D Investments Limited (Registered number: 03162255) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31 July 2018 |
|
8. | SECURED DEBTS |
|
The following secured debts are included within creditors: |
|
31.7.18 | 31.7.17 |
£ | £ |
Bank loans |
|
|
|
The bank loans are secured by a first legal charge over the freehold property, a debenture, |
including a fixed equitable charge, over all present and future freehold and leasehold property, a |
first fixed charge over the book and other debts, chattels and goodwill, both present and future, of |
the company, and a first floating charge over all assets and undertakings, both present and future. |
|
9. | PROVISIONS FOR LIABILITIES |
31.7.18 | 31.7.17 |
£ | £ |
Deferred tax | 381,276 | 381,276 |
|
Deferred |
tax |
£ |
Balance at 1 August 2017 |
|
On revaluation per FRS102 |
Balance at 31 July 2018 |
|
|
10. | CALLED UP SHARE CAPITAL |
|
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.7.18 | 31.7.17 |
value: | £ | £ |
|
Ordinary | £1 | 1,000 | 1,000 |
|
11. | RESERVES |
Retained |
earnings |
£ |
|
At 1 August 2017 |
|
Profit for the year |
|
At 31 July 2018 |
|
B D Investments Limited (Registered number: 03162255) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31 July 2018 |
|
12. | RELATED PARTY DISCLOSURES |
|
Included in the financial statements are the following transactions and balances with related |
parties: |
|
31.7.17 | 31.7.16 |
£ | £ |
Elite Frozen Foods Limited, a company under common control: |
Other operating income | 185,137 | 177,846 |
|
Beven Property Management Limited, a company under common
control: |
|
Other operating income | 23,000 | 95,066 |
Current assets: Debtors | - | 48,000 |
|
13. | CONTROLLING PARTY |
|
The company was controlled by its directors, G Bell, D Faires and V F M Squibb, throughout the |
period. |