CLSS Properties Limited - Period Ending 2014-09-30

30 September 2014

Ordinary shares of £1 each

CLSS PROPERTIES LIMITED - Company Information

Registration number: 08687123

CLSS Properties Limited

Unaudited Abbreviated Accounts

Period from 12 September 2013 to 30 September 2014

CLSS Properties Limited
Contents
Period from 12 September 2013 to 30 September 2014

Accountants' Report

Abbreviated Balance Sheet

Notes to the Abbreviated Accounts

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 3) have been prepared.

CLSS Properties Limited
Accountants' Report
Period from 12 September 2013 to 30 September 2014

Chartered Accountants' report to the director on the preparation of the unaudited statutory accounts of CLSS Properties Limited

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of CLSS Properties Limited for the period ended 30 September 2014 set out on pages 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 at icaew.com/membershandbook.

This report is made solely to the Board of Directors of CLSS Properties Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of CLSS Properties Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than CLSS Properties Limited and its Board of Directors as a body for our work or for this report.

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

We have not been instructed to carry out an audit or a review of the accounts of CLSS 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 accounts.

27 February 2015

Page 1

CLSS Properties Limited
(Registration number: 08687123)
Abbreviated Balance Sheet at 30 September 2014

	Note	30 September 2014 £
Current assets
Stocks		951,763
Debtors		47,183
Cash at bank and in hand		79,800
		1,078,746
Creditors: Amounts falling due within one year		(1,109,484)
Net liabilities		(30,738)
Capital and reserves
Called up share capital	2	1
Profit and loss account		(30,739)
Shareholders' deficit		(30,738)

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

For the period ending 30 September 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.

Approved by the director on 25 February 2015

.........................................
C L Stopford Sackville
Director

The notes on page 3 form an integral part of these financial statements.
Page 2

CLSS Properties Limited
Notes to the Abbreviated Accounts
Period from 12 September 2013 to 30 September 2014

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Going concern

The company’s director has confirmed that he will provide sufficient financial support to the company to enable it to meet its ongoing liabilities as they fall due for at least 12 months from the date of signing these financial statements. The director therefore considers it appropriate for the financial statements to be prepared on a going concern basis.

Deferred tax

Provision is made for deferred liabilities in respect of all material timing differences arising from the different treatment of items for accounting and taxation purposes without discounting. Deferred tax assets in respect of such timing differences are recognised to the extent they are regarded as being more likely than not, recoverable in the short term, and are not discounted.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments.

Work in progress - development property

Work in progress is included in the accounts at the lower of cost and net realisable value. Cost for this purpose comprises the purchase cost of the development property and development expenditure. Net realisable value is the estimated sale price less anticipated costs to sell.

End of note

2	Share capital

Allotted, called up and fully paid shares

End of note

Page 3