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Abbreviated Accounts |
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for the Year Ended 30 September 2016 |
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for |
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Bainvalley Limited |
REGISTERED NUMBER:
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Abbreviated Accounts |
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for the Year Ended 30 September 2016 |
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for |
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Bainvalley Limited |
Bainvalley Limited (Registered number: 06317502) |
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Contents of the Abbreviated Accounts |
for the Year Ended 30 September 2016 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
Bainvalley Limited |
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Company Information |
for the Year Ended 30 September 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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BANKERS: |
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Bainvalley Limited (Registered number: 06317502) |
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Abbreviated Balance Sheet |
30 September 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 |
Stocks |
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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 ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than
one year |
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( |
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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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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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Bainvalley Limited (Registered number: 06317502) |
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Abbreviated Balance Sheet - continued |
30 September 2016 |
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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 |
(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. |
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The financial statements were approved by the Board of Directors on
on its behalf by: |
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Bainvalley Limited (Registered number: 06317502) |
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Notes to the Abbreviated Accounts |
for the Year Ended 30 September 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 represents net invoiced sales of goods, excluding value added tax as adjusted for crop |
stock movements. |
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Tangible fixed assets |
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Freehold property | - |
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Improvements to property | - |
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Plant and machinery | - |
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Motor vehicles | - |
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Investment property |
Investment property held as a fixed asset is stated at open market value. Any aggregate surplus |
or deficit arising from changes in market value is transferred to a revaluation reserve. |
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Under the Companies Act 2006 all fixed assets should be depreciated over their estimated useful |
lives. However, in accordance with the Financial Reporting Standard for Smaller Entities (effective |
January 2015), investment properties should not be subject to a periodic charge for depreciation, |
and should be included in the balance sheet at their open market value. The directors consider |
the property is not held for consumption, but for its investment potential, and in order to give a true |
and fair view it is appropriate to depart from the Companies Act 2006. |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for |
obsolete and slow moving items. |
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The cost of crops and tenantright include all production overheads and depreciation and the |
attributable proportion of indirect overheads. |
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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. Deferred tax is not recognised when assets are revalued unless, by the |
balance sheet date, the company has entered into a binding agreement to sell the assets and |
recognised the gains and losses expected to arise on sale or where assets have been sold and it |
is expected that the taxable gain will be rolled over into a replacement asset. |
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Hire purchase and leasing commitments |
Rental income from operating leases is recognised on a straight line basis over the term of the |
lease. |
Bainvalley Limited (Registered number: 06317502) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 30 September 2016 |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 October 2015 |
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Additions |
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Disposals | ( |
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At 30 September 2016 |
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DEPRECIATION |
At 1 October 2015 |
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Charge for year |
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Eliminated on disposal | ( |
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At 30 September 2016 |
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NET BOOK VALUE |
At 30 September 2016 |
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At 30 September 2015 |
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3. | INVESTMENT PROPERTY |
Total |
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COST OR VALUATION |
At 1 October 2015 |
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Additions |
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At 30 September 2016 |
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NET BOOK VALUE |
At 30 September 2016 |
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At 30 September 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. | ULTIMATE PARENT COMPANY |
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