Clotton Limited - Period Ending 2014-11-30

Registration number: 07452171

Clotton Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 November 2014
 

Wincham Accountants Limited
Wincham House
Back Lane
Greenfield Farm Trad Estate
Congleton
Cheshire
CW12 4TR

Clotton Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Clotton Limited
(Registration number: 07452171)
Abbreviated Balance Sheet at 30 November 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets					259,144			260,177
Current assets
Cash at bank and in hand					1,505			2,557
Creditors: Amounts falling due within one year					(20,329)			(10,536)
Net current liabilities					(18,824)			(7,979)
Total assets less current liabilities					240,320			252,198
Creditors: Amounts falling due after more than one year					(44,825)			(44,825)
Net assets					195,495			207,373
Capital and reserves
Called up share capital		3			240,586			240,586
Profit and loss account					(45,091)			(33,213)
Shareholders' funds					195,495			207,373

For the year ending 30 November 2014 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 director acknowledges his 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 director on 12 August 2015

.........................................
Anthony Arthur Oliver Audley
Director

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

Clotton Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2014
......... 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).

Going concern

The accounts have been prepared on a going concern basis.

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers

Depreciation

Depreciation is charged across the expected economic life of the assets with reference to the residual values

Asset class	Depreciation method and rate
Land and Buildings	No Depreciation
Motor Vehicles	25% reducing balance

Foreign currency

Foreign currency transactions are recorded at the exchange rate ruling on the date of transaction. Foreign exchange gains and losses resulting from the settlement of such transactions, and from the retranslation at year end exchange rates of monetary assets and liabilities denominated in foreign currencies, are recognised in the profit and loss account.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

Clotton Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2014
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 December 2013		263,390			263,390
At 30 November 2014		263,390			263,390
Depreciation
At 1 December 2013		3,213			3,213
Charge for the year		1,033			1,033
At 30 November 2014		4,246			4,246
Net book value
At 30 November 2014		259,144			259,144
At 30 November 2013		260,177			260,177

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary Shares of £1 each		2			2			2			2
Redeemable Preference Shares of £1 each		240,584			240,584			240,584			240,584
		240,586			240,586			240,586			240,586

Redeemable preference shares

The Redeemable Preference Shares are redeemable at the option of the company. They are redeemable at £1 per share and carry full voting rights.

Page 3