REGISTERED NUMBER: 10387105 (England and Wales) |
Bugeja Investments Ltd |
Unaudited Financial Statements |
for the Year Ended 30 September 2018 |
REGISTERED NUMBER: 10387105 (England and Wales) |
Bugeja Investments Ltd |
Unaudited Financial Statements |
for the Year Ended 30 September 2018 |
Bugeja Investments Ltd (Registered number: 10387105) |
Contents of the Financial Statements |
for the Year Ended 30 September 2018 |
Page |
Company information | 1 |
Balance sheet | 2 |
Notes to the financial statements | 3 |
Bugeja Investments Ltd |
Company Information |
for the Year Ended 30 September 2018 |
Director: |
Registered office: |
Registered number: |
Accountants: |
Chartered Accountants |
Mynshull House |
78 Churchgate |
Stockport |
Cheshire |
SK1 1YJ |
Bugeja Investments Ltd (Registered number: 10387105) |
Balance Sheet |
30 September 2018 |
30.9.18 | 30.9.17 |
Notes | £ | £ | £ | £ |
Fixed assets |
Investment property | 3 |
Current assets |
Cash at bank |
Creditors |
Amounts falling due within one year | 4 |
Net current liabilities | ( |
) | ( |
) |
Total assets less current liabilities | ( |
) |
Capital and reserves |
Called up share capital | 5 |
Retained earnings | ( |
) |
Shareholders' funds | ( |
) |
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 |
(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. |
In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered. |
The financial statements were approved by the director on |
Bugeja Investments Ltd (Registered number: 10387105) |
Notes to the Financial Statements |
for the Year Ended 30 September 2018 |
1. | Statutory information |
Bugeja Investments Ltd is a |
company's registered number and registered office address can be found on the Company Information page. |
2. | Accounting policies |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding value added tax. |
Investment property |
Investment properties are initially measured at cost and subsequently measured at fair value. Changes in fair |
value are recognised in profit or loss. |
The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts with |
the generally accepted accounting principle set out in FRS 102. The directors consider that, because |
investment properties are not held for consumption, but for their investment potential, to depreciate them |
would not give a true and fair view. |
If this departure from the Companies Act 2006 had not been made in order to give a true and fair view, the |
profit for the financial year would have been reduced by depreciation. However the amount of depreciation |
cannot reasonably be quantified, because depreciation is only one of many factors reflected in the annual |
valuation and the amount relating to the depreciation of the property cannot be separately identified. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
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 balance sheet date. |
3. | Investment property |
Total |
£ |
Fair value |
At 1 October 2017 |
and 30 September 2018 |
Net book value |
At 30 September 2018 |
At 30 September 2017 |
In the directors opinion, cost represents market value at the year end. |
Bugeja Investments Ltd (Registered number: 10387105) |
Notes to the Financial Statements - continued |
for the Year Ended 30 September 2018 |
4. | Creditors: amounts falling due within one year |
30.9.18 | 30.9.17 |
£ | £ |
Corporation tax |
Other creditors |
Directors' current accounts |
Accrued expenses |
5. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.9.18 | 30.9.17 |
value: | £ | £ |
Ordinary | £1 | 100 | 100 |
6. | Related party disclosures |
The director, J M J Bugeja, has made loans to the company which are unsecured, interest free and repayable on |
demand. The amount outstanding at 30 September 2018 was £360,000. |