Civilmead Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 02073856 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2014

FOR

CIVILMEAD LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

5

DIRECTOR:

A F A Pabani

REGISTERED OFFICE:

151 Plashet Road

London

E13 0RA

REGISTERED NUMBER:

02073856 (England and Wales)

ACCOUNTANTS:

Moore Stephens Enfield Limited

Nicholas House

River Front

Enfield

Middlesex

EN1 3FG

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited

financial statements, from which the unaudited abbreviated accounts (set out on pages three to six) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial

statements of Civilmead Limited for the year ended 30 September 2014 which comprise the Profit and Loss Account, the Balance

Sheet and the related notes 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 director of Civilmead Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Civilmead Limited and state those matters that we have agreed to state to the director of Civilmead Limited 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 the company and its director for our work or for this report.

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

We have not been instructed to carry out an audit or a review of the financial statements of Civilmead 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 financial statements.

Moore Stephens Enfield Limited

Nicholas House

River Front

Enfield

Middlesex

EN1 3FG

30 June 2015

Fixed assets

Tangible assets

2

20,125

23,840

Investment property

3

7,516,447

7,516,447

7,536,572

7,540,287

Current assets

Debtors

4

804,975

744,875

Cash at bank

163,653

1,904

968,628

746,779

Creditors

Amounts falling due within one year

(832,449

)

(885,136

)

Net current assets/(liabilities)

136,179

(138,357

)

Total assets less current liabilities

7,672,751

7,401,930

Creditors

Amounts falling due after more than one year

5

(2,982,379

)

(3,155,146

)

Provisions for liabilities

(15,106

)

(7,606

)

Net assets

4,675,266

4,239,178

Capital and reserves

Called up share capital

6

1,250

1,250

Share premium

425,189

425,189

Revaluation reserve

1,520,190

1,520,190

Profit and loss account

2,728,637

2,292,549

Shareholders' funds

4,675,266

4,239,178

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 30 June 2015 and were signed by:

A F A Pabani - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation of

investment properties and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover comprises amounts receivable in respect of the letting of properties during the year net of value added tax in

accordance with applicable accounting standards.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write

off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following

bases:

Plant & Machinery - 15% Reducing Balance

Investment properties

Investment properties are included in the Balance sheet at their open market value in accordance with the Financial

Reporting Standard for Smaller Entities (effective April 2008) and are not depreciated. This treatment is contrary to the

Companies Act 2006 which states that fixed assets should be depreciated but is, in the opinion of the director, necessary in

order to give a true and fair view of the financial position of the company.

Deferred tax

Full provision is made for deferred tax assets and liabilities arising from all timing differences between the recognition of

gains and losses in the financial statements and recognition in the tax computation.

A net deferred tax asset is recognised only if it can be regarded as more likely than not that there will be suitable taxable

profits from which the future reversal of the underlying timing differences can be deducted.

Deferred tax assets and liabilities are calculated at the tax rates expected to be effective at the time the timing differences

are expected to reverse.

Deferred tax assets and liabilities are not discounted.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2013

and 30 September 2014

66,555

DEPRECIATION

At 1 October 2013

42,715

Charge for year

3,715

At 30 September 2014

46,430

NET BOOK VALUE

At 30 September 2014

20,125

At 30 September 2013

23,840

3.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 October 2013

and 30 September 2014

7,516,447

NET BOOK VALUE

At 30 September 2014

7,516,447

At 30 September 2013

7,516,447

4.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 804,975 (30.9.13 - £ 744,875 )

5.

CREDITORS

Creditors include the following debts falling due in more than five years:

30.9.14

30.9.13

£

£

Repayable by instalments

2,148,567

1,212,657

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.14

30.9.13

value:

£

£

1,250

Ordinary shares

£1

1,250

1,250