Carlton House (Luton) Limited - Limited company - abbreviated

REGISTERED NUMBER: 03448563 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

FOR

CARLTON HOUSE (LUTON) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mrs J V M Ypey

Mr E M Booth

Mr T F Harrison

SECRETARY:

Mr E M Booth

REGISTERED OFFICE:

Unit 6, Imperial Court

Laporte Way

Luton

Bedfordshire

LU4 8FE

REGISTERED NUMBER:

03448563 (England and Wales)

ACCOUNTANTS:

Foxley Kingham

Chartered Accountants

Prospero House

46-48 Rothesay Road

Luton

Bedfordshire

LU1 1QZ

FIXED ASSETS

Tangible assets

2

624,846

Investments

3

328,490

953,336

CURRENT ASSETS

Debtors

1,530

1,992

Cash at bank

4,550

2,425

6,080

4,417

CREDITORS

Amounts falling due within one year

4

5,030

2,868

NET CURRENT ASSETS

1,050

1,549

TOTAL ASSETS LESS CURRENT
LIABILITIES

954,386

954,885

CREDITORS

Amounts falling due after more than one
year

4

932,537

NET ASSETS

21,849

22,348

CAPITAL AND RESERVES

Called up share capital

5

1

Profit and loss account

21,848

22,347

SHAREHOLDERS' FUNDS

21,849

22,348

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 6 February 2015 and were signed on its behalf by:

Mrs J V M Ypey - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

Turnover

Turnover represents rental income and comprises rents receivable and recoverable property expenses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

Straight line over 5 years

Fixtures and fittings

-

Straight line over 5 years

Computer equipment

-

Straight line over 3 years

The long leasehold property is being depreciated to its estimated residual value over the remaining lease term.

The directors believe the residual value to be at least the carrying value in these financial statements and

therefore any depreciation would be negligible. Any maintenance costs are charged to the profit and loss in the

year incurred. The directors review the estimated residual value at the end of each accounting period.

Deferred tax

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

sheet date.

Investments

Fixed asset investments are stated at cost less provision for permanent diminution in value. For listed

investments, market value is based on the closing middle market price.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

and 31 December 2014

733,804

DEPRECIATION

At 1 January 2014

and 31 December 2014

108,958

NET BOOK VALUE

At 31 December 2014

624,846

At 31 December 2013

624,846

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 January 2014

and 31 December 2014

328,490

NET BOOK VALUE

At 31 December 2014

328,490

At 31 December 2013

328,490

4.

CREDITORS

Creditors include an amount of £ 932,537 (2013 - £ 932,537 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

1

Ordinary

£1

1

6.	ULTIMATE PARENT AND CONTROLLING COMPANY

The ultimate parent and controlling company is The National Federation of Occupational Pensioners.

7.	RELATED PARTY DISCLOSURES

The National Federation of Occupational Pensioners, 'NFOP'

NFOP is the ultimate controlling party of the company.

During the year rent was received from NFOP totalling £40,000 (2013: £39,000).

NFOP has provided an interest free long term loan with no formal terms for repayment.

A cross guarantee exists between Carlton House (Luton) Limited and NFOP in favour of the company's bankers.

2014

2013

£

Amount due to related party at the balance sheet date

932,537

Carlton House (Luton) Limited - Limited company - abbreviated - 11.6

Carlton House (Luton) Limited - Limited company - abbreviated - 11.6