C & N Properties (Midlands) Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04498357 (England and Wales)

C & N PROPERTIES (MIDLANDS) LTD

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

E M Nickols

F E Clark

SECRETARY:

F E Clark

REGISTERED OFFICE:

Central Chambers

45-47 Albert Street

Rugby

Warwickshire

CV21 2SG

REGISTERED NUMBER:

04498357 (England and Wales)

ACCOUNTANTS:

Atkinson Finch & Co

Chartered Accountants

Central Chambers

45-47 Albert Street

Rugby

Warwickshire

CV21 2SG

BANKERS:

HSBC Bank Plc

Market Place

Market Bosworth

Nuneaton

Warwickshire

CV13 0JR

FIXED ASSETS

Tangible assets

2

96

38

CURRENT ASSETS

Stocks

59,643

144,157

Debtors

1,604

-

Cash at bank

32,389

9,991

93,636

154,148

CREDITORS

Amounts falling due within one year

5,406

71,673

NET CURRENT ASSETS

88,230

82,475

TOTAL ASSETS LESS CURRENT LIABILITIES

88,326

82,513

PROVISIONS FOR LIABILITIES

-

8

NET ASSETS

88,326

82,505

CAPITAL AND RESERVES

Called up share capital

3

1,000

1,000

Profit and loss account

87,326

81,505

SHAREHOLDERS' FUNDS

88,326

82,505

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 4th June 2015 and were signed on its behalf by:

E M Nickols - 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).

Turnover

Turnover represents invoiced sales of properties. The company is not registered for value added tax.

Tangible fixed assets

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

Office equipment

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme

are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st January 2014

564

Additions

121

Disposals

(439

)

At 31st December 2014

246

DEPRECIATION

At 1st January 2014

526

Charge for year

32

Eliminated on disposal

(408

)

At 31st December 2014

150

NET BOOK VALUE

At 31st December 2014

96

At 31st December 2013

38

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

1,000

Ordinary

£1

1,000

1,000