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REGISTERED NUMBER: 02595553 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2018

FOR

B.W. PROPERTIES LIMITED

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

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


B.W. PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 5 APRIL 2018







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 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 165 586,520

CURRENT ASSETS
Debtors 5 173,289 257,523
Cash at bank 580,194 64,857
753,483 322,380
CREDITORS
Amounts falling due within one year 6 93,207 93,638
NET CURRENT ASSETS 660,276 228,742
TOTAL ASSETS LESS CURRENT
LIABILITIES

660,441

815,262

PROVISIONS FOR LIABILITIES - 39,571
NET ASSETS 660,441 775,691

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 7 - 158,284
Retained earnings 660,341 617,307
SHAREHOLDERS' FUNDS 660,441 775,691

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2018 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 2018


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 25 September 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 2018


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.

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 2018


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 (2017 - 1 ) .

4. TANGIBLE FIXED ASSETS
Freehold
investment Office
property equipment Totals
£    £    £   
COST
At 6 April 2017 586,224 1,688 587,912
Disposals (586,224 ) - (586,224 )
At 5 April 2018 - 1,688 1,688
DEPRECIATION
At 6 April 2017 - 1,392 1,392
Charge for year - 131 131
At 5 April 2018 - 1,523 1,523
NET BOOK VALUE
At 5 April 2018 - 165 165
At 5 April 2017 586,224 296 586,520

The freehold investment property was sold on 4 April 2018 for £780,000 less associated selling costs.
Following the disposal the deferred tax provision has been transferred from the fair value reserve.to
retained earnings.

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

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2018


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 3,723 13,943
Amounts owed by group undertakings 168,266 243,266
Other debtors 1,300 314
173,289 257,523

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors 3,300 -
Taxation and social security 13,299 13,267
Other creditors 76,608 80,371
93,207 93,638

7. RESERVES
Fair
value
reserve
£   
At 6 April 2017 158,284
Transfer on disposal (158,284 )

At 5 April 2018 -

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £1,875 were paid to the directors .

AD Properties Limited
The majority shareholder in the company.

During the year dividends of £373,125 were paid to A D Properties Limited.

Amount due form the related party at the balance sheet date £168,266 (2017: 243,266). All loans are
interest free and repayable on demand.