BLUEBIRD APARTMENTS LTD
|
Registered number: |
05331101
|
Abbreviated Balance Sheet |
as at 31 March 2015
|
|
Notes |
|
|
2015 |
|
|
2014 |
£ |
£ |
Fixed assets |
Tangible assets |
2 |
|
|
14,402 |
|
|
612,563 |
|
|
|
|
14,402 |
|
|
612,563 |
|
Current assets |
Debtors |
|
|
- |
|
|
3,339 |
Cash at bank and in hand |
|
|
860,571 |
|
|
3,080 |
|
|
|
860,571 |
|
|
6,419 |
|
Creditors: amounts falling due within one year |
|
|
(390,238) |
|
|
(370,986) |
|
Net current assets/(liabilities) |
|
|
|
470,333 |
|
|
(364,567) |
|
Total assets less current liabilities |
|
|
|
484,735 |
|
|
247,996 |
|
Creditors: amounts falling due after more than one year |
|
|
|
(65,000) |
|
|
(65,000) |
|
Provisions for liabilities |
|
|
|
- |
|
|
- |
|
|
Net assets |
|
|
|
419,735 |
|
|
182,996 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
3 |
|
|
60,000 |
|
|
60,000 |
Profit and loss account |
|
|
|
359,735 |
|
|
122,996 |
|
Shareholders' funds |
|
|
|
419,735 |
|
|
182,996 |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
|
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
|
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
|
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
|
|
|
|
Joseph Watfa |
Director |
Approved by the board on 18 December 2015
|
|
BLUEBIRD APARTMENTS LTD
|
Notes to the Abbreviated Accounts |
for the year ended 31 March 2015
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
|
|
|
Turnover |
|
Turnover represents rental and service charges receivable.
|
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Short Leasehold Land & Buildings |
5% straight line
|
|
over the last 20 years of unexpired lease |
|
|
Deferred taxation |
|
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. |
|
|
|
Tangible Fixed Assets |
|
Investment properties are included in the Balance Sheet at their open market value. Depreciation is provided on these 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 requirements of Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors, compliance with the Standard is necessary for the Accounts to give a true and fair view. |
|
|
2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 April 2014 |
621,953 |
|
Additions |
- |
|
Disposals |
(596,909) |
|
At 31 March 2015 |
25,044 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2014 |
9,390 |
|
Charge for the year |
1,252 |
|
On disposals |
- |
|
At 31 March 2015 |
10,642 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2015 |
14,402 |
|
At 31 March 2014 |
612,563 |
|
In the opinion of the directors the Short Leasehold Garage at 40 Sherwood Court, Seymour Place, |
|
London W1H 5TH acquired during May 2005, and held at the accounting date, had an open |
|
market value at least equal to its cost. |
|
As at 31 March 2015, the unexpired term of the short leasehold garage was less than 20 years. |
|
Depreciation has been provided in accordance with the requirements of FRSSE (para 5.37 |
|
re: investment properties). The lease expires on 28 September 2026. |
|
The quantification of the difference between market value and cost is not required. |
|
|
3 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares
|
£0.1 each |
|
600,000 |
|
60,000 |
|
60,000 |
|
|
|
|
|
|
60,000 |
|
60,000 |
|
|
|
|
|
|
|
|
|
4 |
Controlling party |
|
|
The company is 100% owned subsidiary of Octagon Properties Ltd which is Registered in |
|
England and its Company Number is 1789845. |