Abbreviated Company Accounts - CRESENT PROPERTIES (UK) LIMITED

CRESENT PROPERTIES (UK) LIMITED - Company Information

Registered Number 06264869

CRESENT PROPERTIES (UK) LIMITED

Abbreviated Accounts

31 May 2014

CRESENT PROPERTIES (UK) LIMITED Registered Number 06264869

Abbreviated Balance Sheet as at 31 May 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	121	327
Investments	3	822,244	732,872
		822,365	733,199
Current assets
Debtors		2,180	1,282
Cash at bank and in hand		3,075	4,271
		5,255	5,553
Creditors: amounts falling due within one year		(131,469)	(137,587)
Net current assets (liabilities)		(126,214)	(132,034)
Total assets less current liabilities		696,151	601,165
Creditors: amounts falling due after more than one year		(607,154)	(583,087)
Total net assets (liabilities)		88,997	18,078
Capital and reserves
Called up share capital		2	2
Revaluation reserve		86,178	15,000
Profit and loss account		2,817	3,076
Shareholders' funds		88,997	18,078

For the year ending 31 May 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 26 February 2015

And signed on their behalf by:
J P Jones, Director

CRESENT PROPERTIES (UK) LIMITED Registered Number 06264869

Notes to the Abbreviated Accounts for the period ended 31 May 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

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

Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Other accounting policies
INVESTMENT PROPERTY
Included within fixed assets are freehold investment properties. In accordance with accounting standards, investment properties are stated at open market value without any deduction for depreciation.
Changes in the market value of investment properties are taken to total recognised gains and losses included in the notes to the accounts.

DEFERRED TAX
Provision is made at current rates for taxation deferred in respect of all material timing differences except to the extent that, in the opinion of the director, there is reasonable probability that the liability will not arise in the foreseeable future.

2Tangible fixed assets

	£
Cost
At 1 June 2013	2,931
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2014	2,931
Depreciation
At 1 June 2013	2,604
Charge for the year	206
On disposals	-
At 31 May 2014	2,810
Net book values
At 31 May 2014	121
At 31 May 2013	327

3Fixed assets Investments
INVESTMENT PROPERTY

COST OR VALUATION
At 1st June 2013 - £732,872
Additions - £76,123
Disposals - £(57,929)
Revaluations - £71,178

At 31st May 2014 - £822,244

NET BOOK VALUE
At 31st May 2014 - £822,244

At 31st May 2013 - £732,872