REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED |
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31 MARCH 2016 |
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FOR |
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DEANWAY PROPERTIES (BRUNSWICK) LIMITED |
REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED |
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31 MARCH 2016 |
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FOR |
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DEANWAY PROPERTIES (BRUNSWICK) LIMITED |
DEANWAY PROPERTIES (BRUNSWICK) LIMITED (REGISTERED NUMBER: 03737966) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 MARCH 2016 |
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Company Information | 1 |
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Chartered Accountants' Report | 2 |
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Abbreviated Balance Sheet | 3 |
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Notes to the Abbreviated Accounts | 5 |
DEANWAY PROPERTIES (BRUNSWICK) LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 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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Chartered Accountants |
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CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
DEANWAY PROPERTIES (BRUNSWICK) 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 three to six) 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 Deanway Properties (Brunswick) Limited for the year ended 31 March 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 Deanway Properties (Brunswick) Limited, as a body, in accordance with the terms of our engagement letter dated 18 December 2006. Our work has been undertaken solely to prepare for your approval the financial statements of Deanway Properties (Brunswick) Limited and state those matters that we have agreed to state to the Board of Directors of Deanway Properties (Brunswick) 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 Deanway Properties (Brunswick) 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 Deanway Properties (Brunswick) 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 Deanway Properties (Brunswick) Limited. You consider that Deanway Properties (Brunswick) 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 Deanway Properties (Brunswick) 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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Chartered Accountants |
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19 December 2016 |
DEANWAY PROPERTIES (BRUNSWICK) LIMITED (REGISTERED NUMBER: 03737966) |
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ABBREVIATED BALANCE SHEET |
31 MARCH 2016 |
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2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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Investment property | 3 |
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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 LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 4 |
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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 |
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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. |
DEANWAY PROPERTIES (BRUNSWICK) LIMITED (REGISTERED NUMBER: 03737966) |
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ABBREVIATED BALANCE SHEET - continued |
31 MARCH 2016 |
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The financial statements were approved by the Board of Directors on
its behalf by: |
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DEANWAY PROPERTIES (BRUNSWICK) LIMITED (REGISTERED NUMBER: 03737966) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 MARCH 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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Turnover |
Turnover comprises rents received from the investment property together with the sale proceeds of the |
development property.. |
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Tangible fixed assets |
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Plant and machinery | - |
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Investment property |
The investment property is included in the financial statements at its open market value at the balance |
sheet date and the aggregate surplus or deficit is transferred to the revaluation reserve. |
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In accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), the |
property is not being depreciated. This represents a departure from the requirement of the Companies |
Act 2006 that depreciation is charged to write off the value of investment properties, less any residual |
value, systematically over their useful lives. However these properties are not held for consumption but |
for investment and the directors consider that systematic annual depreciation would be inappropriate. |
In the opinion of the directors the accounting policy adopted is therefore necessary in order to provide |
a true and fair view of the company's affairs. The amount of depreciation which might otherwise have |
been shown cannot be separately identified or quantified. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the balance sheet date. |
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Investments |
Fixed asset investments are stated at the lower of cost and net realisable value. |
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2. | TANGIBLE FIXED ASSETS |
Total |
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COST |
At 1 April 2015 |
and 31 March 2016 |
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DEPRECIATION |
At 1 April 2015 |
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Charge for year |
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At 31 March 2016 |
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NET BOOK VALUE |
At 31 March 2016 |
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At 31 March 2015 |
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DEANWAY PROPERTIES (BRUNSWICK) LIMITED (REGISTERED NUMBER: 03737966) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 MARCH 2016 |
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3. | INVESTMENT PROPERTY |
Total |
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COST OR VALUATION |
At 1 April 2015 |
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Revaluations |
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At 31 March 2016 |
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NET BOOK VALUE |
At 31 March 2016 |
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At 31 March 2015 |
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4. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
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Ordinary | £1 |
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5. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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Included in other creditors is a loan of £401,103 (2015 £400,023) due to Mr R & Mrs W Bloom, trading |
as Deanway Properties, a partnership in which Mr R Bloom , the director, has a 50% interest. |