Company Registration No. 03865156 (England and Wales)
ROBERT BILTON ESTATES LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2015
ROBERT BILTON ESTATES LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 5
ROBERT BILTON ESTATES LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 SEPTEMBER 2015
30 September 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
2,500,000
2,505,430
Investments
2
10,001
10,001
2,510,001
2,515,431
Current assets
Debtors
163,795
147,577
Cash at bank and in hand
12,278
19,745
176,073
167,322
Creditors: amounts falling due within one year
(2,004,200)
(1,805,265)
Net current liabilities
(1,828,127)
(1,637,943)
Total assets less current liabilities
681,874
877,488
Creditors: amounts falling due after more than one year
(275,707)
(519,669)
406,167
357,819
Capital and reserves
Called up share capital
3
100,000
100,000
Revaluation reserve
4,325
4,325
Other reserves
100,000
100,000
Profit and loss account
201,842
153,494
Shareholders' funds
406,167
357,819
ROBERT BILTON ESTATES LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
30 SEPTEMBER 2015
30 September 2015
- 2 -
For the financial year ended 30 September 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 30 June 2016
Mr R H Bilton
Director
Company Registration No. 03865156
ROBERT BILTON ESTATES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2015
- 3 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Turnover
Turnover represents amounts receivable for rents during the year and amounts receivable for work performed in the year, net of VAT.
1.3
Tangible fixed assets and 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:
Fixtures, fittings & equipment
20% Straight Line
Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.
Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the director compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.
1.4
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.5
Deferred taxation
Deferred taxation is provided at appropriate rates on all timing differences using the liability method only to the extent that, in the opinion of the director, there is a reasonable probability that a liability or asset will crystallise in the foreseeable future.
1.6
Group accounts
The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.
ROBERT BILTON ESTATES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2015
- 4 -
2
Fixed assets
Tangible assets
Investments
Total
£
£
£
Cost or valuation
At 1 October 2014
2,530,500
10,001
2,540,501
Disposals
(27,150)
-
(27,150)
At 30 September 2015
2,503,350
10,001
2,513,351
Depreciation
At 1 October 2014
25,070
-
25,070
On disposals
(25,900)
-
(25,900)
Charge for the period
4,180
-
4,180
At 30 September 2015
3,350
-
3,350
Net book value
At 30 September 2015
2,500,000
10,001
2,510,001
At 30 September 2014
2,505,430
10,001
2,515,431
Holdings of more than 20%
The company holds more than 20% of the share capital of the following companies:
Company
Country of registration or
Shares held
incorporation
Class
%
Subsidiary undertakings
Bilton Properties (Crosby) Limited
England
Ordinary
100.00
The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:
Capital and reserves
Profit/(loss) for the year
2015
2015
Principal activity
£
£
Bilton Properties (Crosby) Limited
Property Investment
23,195
17,465
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100,000 Ordinary B shares of £1 each
100,000
100,000
ROBERT BILTON ESTATES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2015
- 5 -
4
Ultimate parent company
The company is under the control of Mr R H Bilton.