Capital Developments (london) Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08792077 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD

27 NOVEMBER 2013 TO 30 NOVEMBER 2014

FOR

CAPITAL DEVELOPMENTS (LONDON) LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr C. Foux

REGISTERED OFFICE:

Global House

303 Ballards Lane

London

N12 8NP

REGISTERED NUMBER:

08792077 (England and Wales)

ACCOUNTANTS:

Pittalis Gilchrist LLP

Chartered Certified Accountants

Global House

303 Ballards Lane

London

N12 8NP

FIXED ASSETS

Tangible assets

2

3,613

Investment property

3

5,779,835

5,783,448

CURRENT ASSETS

Stocks

2,141,770

Debtors

4

185,767

Cash at bank

3,436

2,330,973

CREDITORS

Amounts falling due within one year

503,821

NET CURRENT ASSETS

1,827,152

TOTAL ASSETS LESS CURRENT LIABILITIES

7,610,600

CREDITORS

Amounts falling due after more than one year

5

3,913,727

NET ASSETS

3,696,873

CAPITAL AND RESERVES

Called up share capital

6

10,100

Revaluation reserve

3,681,475

Profit and loss account

5,298

SHAREHOLDERS' FUNDS

3,696,873

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30 November 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 14 August 2015 and were signed by:

Mr C. Foux - 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).

Turnover

Turnover represents amounts received from sale of properties net of VAT and rents receivable from

the investment properties owned by company. Income is recognised up to the year end date.

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

-

15% on reducing balance

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.

Investment properties are revalued annually at their open market value in accordance with FRSSE

(effective April 2008). The surplus or deficit on revaluation is transferred to a revaluation reserve

except where the deficit reduces the property below its historical cost, in which case it is taken to the

profit and loss account.

No depreciation is provided on investment properties which is a departure from the requirements of the

Companies Act 2006. In the opinion of the members these properties are held primarily for their

investment potential and so their current value is of more significance that any measure of

consumption and to depreciate them would not give a true and fair view. The provisions of the FRSSE

(effective April 2008) in respect of investment properties have therefore been adopted in order to give a

true and fair view. If this departure from the Act had not been made, the losses for the year would have

been increased by depreciation.

Stocks

Stock represents the initial cost and associated development costs of land and property acquired for

resale. The directors' valuation is based on the lower of cost and net realisable value.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

4,251

At 30 November 2014

4,251

DEPRECIATION

Charge for period

638

At 30 November 2014

638

NET BOOK VALUE

At 30 November 2014

3,613

3.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

Additions

5,779,835

At 30 November 2014

5,779,835

NET BOOK VALUE

At 30 November 2014

5,779,835

4.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 185,767

5.

CREDITORS

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

£

Repayable by instalments

1,730,077

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100

10,000

Ordinary non-voting

£1

10,000

10,100

The following shares were issued during the period for cash at par :

100 Ordinary shares of £1

10,000 Ordinary non-voting shares of £1

7.	EVENTS DURING THE YEAR

The company has been incorporated due to the corporate demerger of Sterling Developments

(London) Ltd during the year. As a result proportion of the assets and liabilities of Sterling

Developments (London) Ltd were transferred over to Capital Developments (London) Ltd.