Crosswell Properties Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05059980 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 May 2014

for

Crosswell Properties Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

M A Cuckill

Mrs S J Cuckill

SECRETARY:

Mrs S J Cuckill

REGISTERED OFFICE:

5 Ollerbarrow Road

Hale

Cheshire

WA15 9PW

REGISTERED NUMBER:

05059980 (England and Wales)

ACCOUNTANTS:

Haywood & Co Ltd

1 Myrtle Street

Bolton

Lancashire

BL1 3AH

BANKERS:

The Royal Bank of Scotland plc

Albert House

2 Station Road

Cheadle Hulme

Cheadle

SK8 5AE

FIXED ASSETS

Investment property

2

155,000

198,500

CURRENT ASSETS

Debtors

100,860

124,288

Cash at bank

80,727

43,105

181,587

167,393

CREDITORS

Amounts falling due within one year

3

126,314

135,199

NET CURRENT ASSETS

55,273

32,194

TOTAL ASSETS LESS CURRENT LIABILITIES

210,273

230,694

CAPITAL AND RESERVES

Called up share capital

4

2

2

Revaluation reserve

(16,976

)

26,524

Profit and loss account

227,247

204,168

SHAREHOLDERS' FUNDS

210,273

230,694

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2014 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 27 January 2015 and were signed on its behalf by:

M A Cuckill - Director

1.	ACCOUNTING POLICIES

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 April

2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

market value is transferred to a revaluation reserve.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 June 2013

198,500

Revaluations

(43,500

)

At 31 May 2014

155,000

NET BOOK VALUE

At 31 May 2014

155,000

At 31 May 2013

198,500

3.

CREDITORS

Creditors include an amount of £ 124,993 (2013 - £ 133,671 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

2

Ordinary

£1

2

2

5.

CONTROL

The company is controlled by it's directors and shareholders, M A Cuckill and Mrs S J Cuckill.