F & M Cortellessa (La Capanna) Ltd - Period Ending 2013-11-30

Registration number: SC270325

F & M Cortellessa (La Capanna) Ltd

Unaudited Abbreviated Accounts

for the Year Ended 30 November 2013
 

F & M Cortellessa (La Capanna) Ltd
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

F & M Cortellessa (La Capanna) Ltd
(Registration number: SC270325)
Abbreviated Balance Sheet at 30 November 2013

		Note			2013 £			2012 £
Fixed assets
Tangible fixed assets					305,786			309,534
Current assets
Debtors					-			7,894
Cash at bank and in hand					-			986
					-			8,880
Creditors: Amounts falling due within one year					(182,510)			(194,774)
Net current liabilities					(182,510)			(185,894)
Net assets					123,276			123,640
Capital and reserves
Called up share capital		4			100,000			100,000
Profit and loss account					23,276			23,640
Shareholders' funds					123,276			123,640

For the year ending 30 November 2013 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.

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

Approved by the Board on 15 August 2014 and signed on its behalf by:

.........................................
Mr F Cortellessa
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

F & M Cortellessa (La Capanna) Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 November 2013
......... continued

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).

Turnover

Turnover represents amounts chargeable in respect of the sale of services, excluding value added tax, for the period to 30 March 2013. From 1 April 2013 the company ceased trading and received rental income.

Depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Asset class	Depreciation method and rate
Plant and machinery etc	15% on cost

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 December 2012		352,932			352,932
At 30 November 2013		352,932			352,932
Depreciation
At 1 December 2012		43,398			43,398
Charge for the year		3,748			3,748
At 30 November 2013		47,146			47,146
Net book value
At 30 November 2013		305,786			305,786
At 30 November 2012		309,534			309,534

3

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

		2013 £			2012 £
Amounts falling due within one year		101,645			117,985

Page 2

F & M Cortellessa (La Capanna) Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 November 2013
......... continued

4	Share capital

Allotted, called up and fully paid shares

	2013						2012
		No.			£			No.			£
Ordinary of £1 each		100,000			100,000			100,000			100,000

5	Related party transactions

Other related party transactions

During the year the company made the following related party transactions:

Franco Cortellessa ( Director ) The above operated a loan account with the company during the year . At the balance sheet date the amount due to Franco Cortellessa was £47,144 ( 2012 - £42,737 ) . There are no repayment terms and no interest is due on the balance.

6

Control

The company is controlled by the directors who own 100% of the called up share capital.

Page 3