Registration number:
BHR Resources Limited
(A company limited by guarantee)
for the Period from 14 August 2017 to 31 March 2018
Chartered Accountants
3 Bath Mews
Bath Parade
Cheltenham
Gloucestershire
GL53 7HL
BHR Resources Limited
Contents
Company Information |
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Directors' Report |
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Accountants' Report |
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Profit and Loss Account |
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Statement of Comprehensive Income |
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Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Financial Statements |
BHR Resources Limited
Company Information
Chairman |
D O Barton |
Directors |
M C Houghton FCA H C W Robinson D O Barton |
Registered office |
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Accountants |
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Page 1 |
BHR Resources Limited
Directors' Report for the Period from 14 August 2017 to 31 March 2018
The directors present their report and the financial statements for the period from 14 August 2017 to 31 March 2018.
Incorporation
The company was incorporated on
Directors of the company
The directors who held office during the period were as follows:
Principal activity
The principal activity of the company is the provision of agricultural resources.
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved by the
.........................................
Director
Page 2 |
Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
BHR Resources Limited
for the Period Ended 31 March 2018
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of BHR Resources Limited for the period ended 31 March 2018 as set out on pages 4 to 10 from the company's accounting records and from information and explanations you have given us.
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 at
http://www.icaew.com/en/members/regulations-standards-and-guidance/.
This report is made solely to the Board of Directors of BHR Resources Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of BHR Resources Limited and state those matters that we have agreed to state to the Board of Directors of BHR Resources Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than BHR Resources Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that BHR Resources Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of BHR Resources Limited. You consider that BHR Resources Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of BHR Resources 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 accounts.
......................................
Chartered Accountants
Bath Parade
Cheltenham
Gloucestershire
GL53 7HL
Page 3 |
BHR Resources Limited
Profit and Loss Account for the Period from 14 August 2017 to 31 March 2018
Note |
2018 |
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Turnover |
- |
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Administrative expenses |
( |
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Operating deficit |
( |
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Deficit before tax |
( |
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Deficit for the financial period |
( |
The above results were derived from continuing operations.
The company has no recognised gains or losses for the period other than the results above.
Page 4 |
BHR Resources Limited
Statement of Comprehensive Income for the Period from 14 August 2017 to 31 March 2018
2018 |
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Deficit for the period |
( |
Total comprehensive income for the period |
( |
Page 5 |
BHR Resources Limited
(Registration number: 10913847)
Balance Sheet as at 31 March 2018
Note |
2018 |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
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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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Net liabilities |
( |
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Capital and reserves |
||
Profit and loss account |
( |
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Total equity |
( |
For the financial period ending 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
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• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
.........................................
Chairman
Page 6 |
BHR Resources Limited
Statement of Changes in Equity for the Period from 14 August 2017 to 31 March 2018
Profit and loss account |
Total |
|
Deficit for the period |
( |
( |
Total comprehensive income |
( |
( |
At 31 March 2018 |
( |
( |
Page 7 |
BHR Resources Limited
Notes to the Financial Statements for the Period from 14 August 2017 to 31 March 2018
General information |
The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.
The address of its registered office is:
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Revenue recognition
Revenue is recognised equally over the period relating to the vermin control activity which is expected to commence in the summer of 2018 and extend to 2022. Invoices raised prior to 31 March 2018 relating to the service are reported in these accounts as income in advance and carried forward as a creditor in the balance sheet.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for services due to be performed in the ordinary course of business in future years.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Page 8 |
BHR Resources Limited
Notes to the Financial Statements for the Period from 14 August 2017 to 31 March 2018
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Staff numbers |
The average number of persons employed by the company (including directors) during the period, was
Debtors |
2018 |
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Trade debtors |
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Page 9 |
BHR Resources Limited
Notes to the Financial Statements for the Period from 14 August 2017 to 31 March 2018
Creditors |
Creditors: amounts falling due within one year
2018 |
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Due within one year |
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Trade creditors |
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Taxation and social security |
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Accruals |
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Creditors: amounts falling due after more than one year
Note |
2018 |
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Due after one year |
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Loans and borrowings |
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Deferred revenue |
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202,586 |
Loans and borrowings |
2018 |
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Non-current loans and borrowings |
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Other borrowings |
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Page 10 |