CLARADON_LIMITED - Accounts

CLARADON LIMITED - Company Information

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Company Registration No. 03195314 (England and Wales)

CLARADON LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2014

CLARADON LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

CLARADON LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

2,071,758

2,579,086

Current assets

Debtors

126,575

376,454

Cash at bank and in hand

142,069

555

268,644

377,009

Creditors: amounts falling due within one year

(813,014)

(777,166)

Net current liabilities

(544,370)

(400,157)

Total assets less current liabilities

1,527,388

2,178,929

Creditors: amounts falling due after more than one year

(414,904)

1,527,388

1,764,025

Capital and reserves

Called up share capital

100

Revaluation reserve

1,580,354

1,593,383

Profit and loss account

(53,066)

170,542

Shareholders' funds

1,527,388

1,764,025

For the financial year ended 31 December 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 10 September 2015

Mr J D Pfeffer

Director

Company Registration No. 03195314

CLARADON LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Turnover

Turnover represents rental income and services provided from the investment properties.

1.3

Tangible fixed assets and depreciation

Investment properties are stated at cost or valuation. No depreciation is provided on investment properties in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.4

Revenue recognition

All rents receivable in the year are recognised in the profit and loss account.

All sales of investment properties are recognised on completion.

Fixed assets

Tangible assets

Cost or valuation

At 1 January 2014

2,579,086

Additions

61,270

Revaluation

300,000

Disposals

(868,598)

At 31 December 2014

2,071,758

At 31 December 2013

2,579,086

Creditors: amounts falling due after more than one year

The aggregate amount of creditors for which security has been given amounted to £0 (2013 - £414,904).

Share capital

2014

2013

Allotted, called up and fully paid

100 Ordinary of £1 each

100

CLARADON LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2014

- 3 -

Ultimate parent company

The ultimate parent company is Gabegain Limited, a company registered in England and Wales.