Camargue Properties Limited - Limited company - abbreviated - 11.6

Camargue Properties Limited - Limited company - abbreviated - 11.6

CAMARGUE PROPERTIES LIMITED - Company Information

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REGISTERED NUMBER: 03315358


















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2014

FOR

CAMARGUE PROPERTIES LIMITED

CAMARGUE PROPERTIES LIMITED (REGISTERED NUMBER: 03315358)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Chartered Accountants' Report 5

CAMARGUE PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2014







DIRECTORS: Mr J R Lear
Mr R T Sperring





SECRETARY: Fryern Company Secretarial Services Ltd





REGISTERED OFFICE: 1st Floor
Chilworth Point
1 Chilworth Road
Southampton
Hampshire
SO16 7JQ





REGISTERED NUMBER: 03315358





ACCOUNTANTS: Rothman Pantall LLP
Chartered Accountants
Chilworth Point
1 Chilworth Road
Southampton
Hampshire
SO16 7JQ
Page 1
CAMARGUE PROPERTIES LIMITED (REGISTERED NUMBER: 03315358)

ABBREVIATED BALANCE SHEET
31 OCTOBER 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Investments 2 9 9
Investment property 3 220,000 220,000
220,009 220,009

CURRENT ASSETS
Debtors 4,147 4,508
Cash at bank 3,720 1,891
7,867 6,399
CREDITORS
Amounts falling due within one year 37,885 32,906
NET CURRENT LIABILITIES (30,018 ) (26,507 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
189,991
193,502

CREDITORS
Amounts falling due after more than one
year
4
259,697
266,563
NET LIABILITIES (69,706 ) (73,061 )

CAPITAL AND RESERVES
Called up share capital 5 200 200
Revaluation reserve (83,202 ) (83,202 )
Profit and loss account 13,296 9,941
SHAREHOLDERS' FUNDS (69,706 ) (73,061 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 21 July 2015 and were signed on its behalf by:





Mr J R Lear - Director


The notes form part of these abbreviated accounts

Page 2
CAMARGUE PROPERTIES LIMITED (REGISTERED NUMBER: 03315358)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2014

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).

TURNOVER
Turnover represents the amounts receivable by the company, excluding VAT, for property letting services
provided during the year and is recognised on an accruals basis.

INVESTMENT PROPERTY
Investment property is held at the director's most recent valuation. Property valuations are performed on a rolling
five year basis or more regularly should the directors deem necessary. Any aggregate surplus or deficit arising
from material changes in market value is transferred to a revaluation reserve.

Depreciation is not provided for on the investment property, as the director has taken advantage of the
exemption within SSAP 19, which represents a departure from the requirements of the Companies Act 2006.

GOING CONCERN
These financial statements have been prepared on a going concern basis notwithstanding the fact that the
company has a deficit on its balance sheet. Assurances have been obtained from the directors of the company
that their support will not be withdrawn in the foreseeable future. In the directors' opinion, the company can and
will be able to meet its liabilities as they fall due.

The directors have considered the value of the investment property and have concluded that the changes in the
current property market can not be predicted or controlled and they believe that any fall in the market value of
the property would be a temporary diminution. The directors are confident that all rents charged by the company
continue to be fully recoverable and therefore, the going concern basis of preparation remains appropriate for
these financial statements.

2. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
At 1 November 2013
and 31 October 2014 9
NET BOOK VALUE
At 31 October 2014 9
At 31 October 2013 9

3. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 November 2013
and 31 October 2014 220,000
NET BOOK VALUE
At 31 October 2014 220,000
At 31 October 2013 220,000

Page 3 continued...
CAMARGUE PROPERTIES LIMITED (REGISTERED NUMBER: 03315358)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2014

4. CREDITORS

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

2014 2013
£    £   
Repayable by instalments 83,377 90,243

5. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2014 2013
value: £    £   
100 Ordinary £1 100 100
100 Ordinary A £1 100 100
200 200

6. RELATED PARTY DISCLOSURES

During the period management fees of £9,508 (2013: £14,850) were charged by Mr J R Lear, a director of the company.


Included within other creditors due after more than one year, is an amount totalling £130,000 (2013: £130,000)
which represents a loan from Camargue Property Developments Limited. No interest was paid on the balance during the period.

Included within creditors due less than once year is a sum of £3,278 (2013: £3,278) owed to Robert T Sperring Plc and a sum of £300 (2013: £300) owed to Broyst Group Limited. Robert T Sperring Plc is a company in which Mr R Sperring has a material interest . Broyst Group Limited is a company that is under the ultimate control of Sheriol Thirty-Two Limited.

Also included within other creditors due less than one year is an amount totalling £13,334 (2013: £10,634) which
represents a loan from Mr R T Sperring, a director of the company.

Page 4
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
CAMARGUE PROPERTIES LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four)
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 Camargue Properties Limited for the year ended 31 October 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 Board of Directors of Camargue Properties Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Camargue Properties Limited and state those matters that we have agreed to state to the Board of Directors of Camargue Properties Limited, 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 the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Camargue Properties 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 Camargue Properties Limited. You consider that Camargue Properties 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 Camargue 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 financial
statements.






Rothman Pantall LLP
Chartered Accountants
Chilworth Point
1 Chilworth Road
Southampton
Hampshire
SO16 7JQ


Date: .............................................

This page does not form part of the abbreviated accounts

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