Claymount Properties Limited - Limited company accounts 11.4

REGISTERED NUMBER: 02404665

Report of the director and

Financial statements

for the period 1 January 2013 to 30 April 2014

For

CLAYMOUNT PROPERTIES LIMITED

Page

Company information

1

Report of the director

2

Profit and loss account

3

Balance sheet

4

Notes to the financial statements

5

Director:

A G Redstone

Secretary:

R N Redstone

Registered office:

Viglen House

110 Viglen House

Alperton Lane

Alperton

Middlesex

HA0 1HD

Registered number:

02404665

Accountants:

Capital Partners London Ltd

110 Viglen House

Alperton Lane

Alperton

Wembley

Middlesex

HA0 1HD

The director presents his report with the financial statements of the company for the period 1 January 2013 to

30 April 2014.

CESSATION OF TRADING

The company ceased trading on 30 June 2014.

Director

A G Redstone held office during the whole of the period from 1 January 2013 to the date of this report.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act

2006 relating to small companies.

On behalf of the board:

A G Redstone - Director

28 August 2014

Turnover

-

-

Cost of sales

16,794

-

Gross loss

(16,794

)

-

Administrative expenses

12,139

18,293

Operating loss and

Loss on ordinary activities before taxation

2

(28,933

)

(18,293

)

Tax on loss on ordinary activities

3

-

-

Loss for the financial period

(28,933

)

(18,293

)

Fixed assets

Tangible assets

4

-

685

Current assets

Stocks

-

15,586

Debtors

5

-

546

Cash at bank

-

1,690

-

17,822

Creditors

Amounts falling due within one year

6

129,211

118,785

Net current liabilities

(129,211

)

(100,963

)

Total assets less current liabilities

(129,211

)

(100,278

)

Capital and reserves

Called up share capital

7

3,800

3,800

Profit and loss account

8

(133,011

)

(104,078

)

Shareholders' funds

(129,211

)

(100,278

)

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 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 financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the director on 28 August 2014 and were signed by:

A G Redstone - Director

1.	Accounting policies

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective April 2008).

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

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

2.	Operating loss

The operating loss is stated after charging:

Period

1.1.13

to

Year Ended

30.4.14

31.12.12

£

£

Depreciation - owned assets

-

228

Loss on disposal of fixed assets

684

-

Director's remuneration and other benefits etc

-

7,000

3.

Taxation

Analysis of the tax charge

No liability to UK corporation tax arose on ordinary activities for the period ended 30 April 2014 nor for

the year ended 31 December 2012.

4.	Tangible fixed assets

Fixtures

and

fittings

£

Cost

At 1 January 2013

2,576

Disposals

(2,576

)

At 30 April 2014

-

Depreciation

At 1 January 2013

1,891

Eliminated on disposal

(1,891

)

At 30 April 2014

-

Net book value

At 30 April 2014

-

At 31 December 2012

685

5.

Debtors: amounts falling due within one year

30.4.14

31.12.12

£

£

VAT

-

546

6.

Creditors: amounts falling due within one year

30.4.14

31.12.12

£

£

Trade creditors

-

1

Directors' current accounts

129,211

114,234

Accrued expenses

-

4,550

129,211

118,785

7.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.14

31.12.12

value:

£

£

3,800

Ordinary shares

£1

3,800

3,800

8.

Reserves

Profit

and loss

account

£

At 1 January 2013

(104,078

)

Deficit for the period

(28,933

)

At 30 April 2014

(133,011

)