Caithcroft Limited - Limited company - abbreviated

REGISTERED NUMBER: 01076622 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2014

FOR

CAITHCROFT LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

S Nathan

Dr L Nathan

G R Ornstein

B R Nathan

H L Nathan

SECRETARY:

B R Nathan

REGISTERED OFFICE:

Suite 2

Fountain House

1a Elm Park

Stanmore

Middlesex

HA7 4AU

REGISTERED NUMBER:

01076622 (England and Wales)

ACCOUNTANTS:

Donald Jacobs & Partners

CHARTERED ACCOUNTANTS

Suite 2, Fountain House

1a Elm Park

Stanmore

Middlesex

HA7 4AU

FIXED ASSETS

Investment property

2

850,000

316,349

CURRENT ASSETS

Debtors

66,483

38,444

Investments

2,202,206

1,208,958

Cash at bank

24,919

2,794

2,293,608

1,250,196

CREDITORS

Amounts falling due within one year

6,840

5,823

NET CURRENT ASSETS

2,286,768

1,244,373

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,136,768

1,560,722

PROVISIONS FOR LIABILITIES

309,373

-

NET ASSETS

2,827,395

1,560,722

CAPITAL AND RESERVES

Called up share capital

3

100

Share premium

200,404

Revaluation reserve

1,237,492

-

Profit and loss account

1,389,399

1,360,218

SHAREHOLDERS' FUNDS

2,827,395

1,560,722

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 10 May 2015 and were signed on its behalf by:

S Nathan - Director

Dr L Nathan - 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).

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 taxation is recognised on all gains arising on the revaluation of investment properties plus the difference between the

cost price and market value of the current asset investments.

Current asset investments

There has been a change in the basis of accounting for the value of the company's current asset investments which comprise

listed stocks and shares.

The current asset investments are now shown at market value whereas previously they were shown on the balance sheet at cost

and no account had been taken of the market value at the balance sheet date.

This year, the difference between cost and market value has been transferred to a revaluation reserve and a provision for

deferred taxation payable on the gain is made.

Had the change in the basis of accounting for the value of the company's current asset investments been applied last year, the

value of the current asset investments would have been £1,944,644, which would have given rise to an increase in the valuation

of £735,686 together with a provision in respect of the deferred taxation thereon of £147,137.

2.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 September 2013

316,349

Revaluations

533,651

At 31 August 2014

850,000

NET BOOK VALUE

At 31 August 2014

850,000

At 31 August 2013

316,349

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.14

31.8.13

value:

£

100

Ordinary

£1

100

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2014 and 31 August 2013:

31.8.14

31.8.13

£

S Nathan

Balance outstanding at start of year

94

98

Amounts advanced

69

-

Amounts repaid

-

(4

)

Balance outstanding at end of year

163

94

Caithcroft Limited - Limited company - abbreviated - 11.6

Caithcroft Limited - Limited company - abbreviated - 11.6