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Unaudited Financial Statements for the Year Ended 31 December 2016 |
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BSW Retail Property Limited |
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REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 31 December 2016 |
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for |
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BSW Retail Property Limited |
BSW Retail Property Limited (Registered number: 04624042) |
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Contents of the Financial Statements |
for the Year Ended 31 December 2016 |
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Page |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 3 | to | 4 |
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BSW Retail Property Limited |
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Company Information |
for the Year Ended 31 December 2016 |
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DIRECTOR: |
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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 |
Marland House |
13 Huddersfield Road |
Barnsley |
South Yorkshire |
S70 2LW |
BSW Retail Property Limited (Registered number: 04624042) |
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Statement of Financial Position |
31 December 2016 |
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2016 | 2015 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 3 |
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CURRENT ASSETS |
Debtors | 4 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 5 | ( |
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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 | 6 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his 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. |
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In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
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The financial statements were approved by the director on
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BSW Retail Property Limited (Registered number: 04624042) |
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Notes to the Financial Statements |
for the Year Ended 31 December 2016 |
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1. | STATUTORY INFORMATION |
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BSW Retail Property Limited is a
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The company's registered number and registered office address can be found on the Company |
Information page. |
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The presentation and functional currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
These financial statements have been prepared in compliance with FRS 102, 'The Financial Standard |
Applicable in the UK and the Republic of Ireland' and the Companies Act 2006. The financial statements |
have been prepared on a going concern basis under the historical cost convention, modified to include |
certain items at fair value. |
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Significant judgements and estimates |
The principal accounting policies and significant judgements and estimates applied in the preparation of |
these financial statements are set out below. These policies, judgements and estimates have been |
consistently applied to all years presented unless otherwise stated. |
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Turnover |
Turnover represents amounts earned on goods and services provided during the year and derives from |
the provision of goods falling within the company's ordinary activities. |
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Tangible fixed assets |
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Plant and machinery | - |
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Fixtures and fittings | - |
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All fixed assets are initially recorded at cost. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss |
Account, except to the extent that it relates to items recognised in other comprehensive income or |
directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been |
enacted or substantively enacted by the statement of financial position date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
statement of financial position date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods |
different from those in which they are recognised in financial statements. Deferred tax is measured using |
tax rates and laws that have been enacted or substantively enacted by the year end and that are |
expected to apply to the reversal of the timing difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable |
that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
BSW Retail Property Limited (Registered number: 04624042) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2016 |
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3. | TANGIBLE FIXED ASSETS |
Fixtures |
Plant and | and |
machinery | fittings | Totals |
£ | £ | £ |
COST |
At 1 January 2016 |
and 31 December 2016 |
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DEPRECIATION |
At 1 January 2016 |
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Charge for year |
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At 31 December 2016 |
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NET BOOK VALUE |
At 31 December 2016 |
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At 31 December 2015 |
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Other debtors |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Corporation tax |
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VAT | 2,275 | 1,121 |
Other creditors |
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Directors' current accounts | 352 | 808 |
Accruals and deferred income |
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6. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
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Ordinary A | £1 | 90 | 90 |
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Ordinary B | £1 | 10 | 10 |
100 | 100 |
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7. | FIRST YEAR ADOPTION |
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This is the first year in which the financial statements have been prepared under FRS102 Section 1A as |
the entity transitioned from UK GAAP to FRS102 as at 1st January 2016. There have been no |
transitioning adjustments made to the financial statements in respect of the transition to FRS102. |
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