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REGISTERED NUMBER: 02595553 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2017

FOR

B.W. PROPERTIES LIMITED

B.W. PROPERTIES LIMITED (REGISTERED NUMBER: 02595553)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2017










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

B.W. PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 5 APRIL 2017







DIRECTORS: Dr A H Habel
Mrs S T Habel



SECRETARY: Mrs S T Habel



REGISTERED OFFICE: Avebury House
6 St Peter Street
Winchester
Hampshire
SO23 8BN



REGISTERED NUMBER: 02595553 (England and Wales)



ACCOUNTANTS: Rothman Pantall LLP
Chartered Accountants
Avebury House
St Peter Street
Winchester
Hampshire
SO23 8BN



BANKERS: H S B C Bank plc
58 High Street
Winchester
Hampshire
SO23 9BZ

B.W. PROPERTIES LIMITED (REGISTERED NUMBER: 02595553)

BALANCE SHEET
5 APRIL 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 586,520 586,733

CURRENT ASSETS
Debtors 5 257,523 259,067
Cash at bank 64,857 23,951
322,380 283,018
CREDITORS
Amounts falling due within one year 6 93,638 88,543
NET CURRENT ASSETS 228,742 194,475
TOTAL ASSETS LESS CURRENT
LIABILITIES

815,262

781,208

PROVISIONS FOR LIABILITIES 39,571 39,571
NET ASSETS 775,691 741,637

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 7 158,284 158,284
Retained earnings 617,307 583,253
SHAREHOLDERS' FUNDS 775,691 741,637

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2017 in accordance with Section 476 of the Companies Act 2006.

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.

B.W. PROPERTIES LIMITED (REGISTERED NUMBER: 02595553)

BALANCE SHEET - continued
5 APRIL 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 4 January 2018 and were signed on its
behalf by:





Dr A H Habel - Director


B.W. PROPERTIES LIMITED (REGISTERED NUMBER: 02595553)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2017


1. STATUTORY INFORMATION

B.W. Properties Limited is a private company, limited by shares , registered in England and Wales.
The 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
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is the amount derived from the letting of properties and is stated net of value added tax.
Turnover is recognised in the period to which the relevant payment relates as defined by the tenants
agreements.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 15% on cost

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated
depreciation and impairment losses.


Freehold investment property has been dealt with in accordance with SSAP19 and has been revalued
by the director at the balance sheet date on an open market basis. No depreciation has been provided
for in respect of freehold investment property.

Financial instruments
Basic financial instruments are initially measured at the transaction price, unless the arrangement
constitutes a financing transaction when it is measured at the present value of the future repayments
discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently
measured at amortised cost.

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.


B.W. PROPERTIES LIMITED (REGISTERED NUMBER: 02595553)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2017


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date.

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.

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.

Investment property
Investment properties are measured at fair value at each reporting date with changes in fair value
recognised in profit or loss. Properties are valued using open market valuations on a freehold basis,
conducted annually by the directors on the basis of rent yields.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4. TANGIBLE FIXED ASSETS
Freehold
investment Office
property equipment Totals
£    £    £   
COST OR VALUATION
At 6 April 2016
and 5 April 2017 586,224 1,688 587,912
DEPRECIATION
At 6 April 2016 - 1,179 1,179
Charge for year - 213 213
At 5 April 2017 - 1,392 1,392
NET BOOK VALUE
At 5 April 2017 586,224 296 586,520
At 5 April 2016 586,224 509 586,733

Cost or valuation at 5 April 2017 is represented by:

Freehold
investment Office
property equipment Totals
£    £    £   
Valuation in 1999 122,974 - 122,974
Valuation in 2001 20,000 - 20,000
Valuation in 2010 54,881 - 54,881
Cost 388,369 1,688 390,057
586,224 1,688 587,912

B.W. PROPERTIES LIMITED (REGISTERED NUMBER: 02595553)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2017


4. TANGIBLE FIXED ASSETS - continued

If freehold investment property had not been revalued it would have been included at the following
historical cost:

2017 2016
£    £   
Cost 388,369 388,369

Freehold investment property was valued on an open market basis on 5 April 2016 by the director, A H Habel
.

If the freehold investment property was sold at its current open market valuation of £586,224 there
would be no tax payable, after allowing for indexation. A deferred tax provision has been recognised in
respect of the fair value reserve.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 13,943 12,333
Amounts owed by group undertakings 243,266 244,483
Other debtors 314 2,251
257,523 259,067

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Taxation and social security 13,267 9,652
Other creditors 80,371 78,891
93,638 88,543

7. RESERVES
Fair
value
reserve
£   
At 6 April 2016
and 5 April 2017 158,284

8. RELATED PARTY DISCLOSURES

AD Properties Limited
The parent company (which owns 100% of BW Properties Ltd share capital)

All loans are interest free and repayable on demand.

Amount due form the related party at the balance sheet date £243,266 (2016: 244,483)

B.W. PROPERTIES LIMITED (REGISTERED NUMBER: 02595553)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2017


9. FIRST YEAR ADOPTION

B.W. Properties Limited ("The Company") prepares it first financial statements that comply with FRS
102 for the year ended 5 April 2017. The Company's date of transition to FRS 102 is 6 April 2015.

The following notes to the financial statements of The Company describe the differences between
equity and profit or loss presented previously, and the amounts as restated to comply with the
accounting policies selected in accordance with FRS 102 for the reporting period ended at 5 April
2017, as well as equity presented in the opening statement of financial position.


CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
B.W. PROPERTIES LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's
annual unaudited financial statements. In accordance with the Companies Act 2006, the company is
only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain
other primary statements and the Report of the Directors are not required to be filed with the
Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval
the financial statements of B.W. Properties Limited for the year ended 5 April 2017 which comprise the
Income Statement, Balance Sheet, and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of B.W. Properties Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of B.W. Properties Limited and state those matters that we have agreed to state to the Board of Directors of B.W. Properties Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than B.W. Properties Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that B.W. Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of B.W. Properties Limited. You consider that B.W. Properties Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of B.W. Properties 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 financial statements.






Rothman Pantall LLP
Chartered Accountants
Avebury House
St Peter Street
Winchester
Hampshire
SO23 8BN


4 January 2018