Clevemond Limited - Limited company - abbreviated - 11.9

Clevemond Limited - Limited company - abbreviated - 11.9

CLEVEMOND LIMITED - Company Information

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REGISTERED NUMBER: 05363621 (England and Wales)















Abbreviated Unaudited Accounts

for the Year Ended

31 January 2015

for

Clevemond Limited

Clevemond Limited (Registered number: 05363621)






Contents of the Abbreviated Accounts
for the Year Ended 31 January 2015




Page

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2

Clevemond Limited (Registered number: 05363621)

Abbreviated Balance Sheet
31 January 2015

31/1/15 31/1/14
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 136 152
Investment property 3 400,000 380,000
400,136 380,152

CURRENT ASSETS
Debtors 5,501 6,173
Cash at bank 181 1,204
5,682 7,377
CREDITORS
Amounts falling due within one year 80,755 84,621
NET CURRENT LIABILITIES (75,073 ) (77,244 )
TOTAL ASSETS LESS CURRENT LIABILITIES 325,063 302,908

CREDITORS
Amounts falling due after more than one year 4 297,158 297,202
NET ASSETS 27,905 5,706

CAPITAL AND RESERVES
Called up share capital 5 2 2
Revaluation reserve 44,766 24,766
Profit and loss account (16,863 ) (19,062 )
SHAREHOLDERS' FUNDS 27,905 5,706

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 30 October 2015 and were signed on its behalf by:




Dr M M Patel - Director


The notes form part of these abbreviated accounts

Page 1
Clevemond Limited (Registered number: 05363621)

Notes to the Abbreviated Accounts
for the Year Ended 31 January 2015

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on a going concern basis. The financial statements show that the net current
liabilities exceeded the net current assets. The Directors consider it appropriate to prepare the financial statements on a
going concern basis as they believe that the current and future sources of funding or support will be more than adequate for
the company's needs.

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 rents receivable during the period.

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

Furniture,fixtures & equipment - 25% on cost

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet
date.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 February 2014 5,770
Additions 80
At 31 January 2015 5,850
DEPRECIATION
At 1 February 2014 5,618
Charge for year 96
At 31 January 2015 5,714
NET BOOK VALUE
At 31 January 2015 136
At 31 January 2014 152

Page 2 continued...
Clevemond Limited (Registered number: 05363621)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 January 2015

3. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 February 2014 380,000
Revaluations 20,000
At 31 January 2015 400,000
NET BOOK VALUE
At 31 January 2015 400,000
At 31 January 2014 380,000

Investment properties were valued on the basis of open market value as at 31 January 2015 by the Directors of the
company based upon their knowledge of similar property sales in the locality and other market intelligence. In accordance
with the Financial Reporting Standard for Smaller Entities (effective April 2008), no depreciation is charged in respect of
Investment Properties. This policy represents a departure from the requirements of the Companies Act 2006 to provide
systematic annual depreciation for fixed assets. However as these properties are held for investment and not consumption,
the Directors consider the adoption of this policy necessary to give a true and fair view.

4. CREDITORS

Creditors include an amount of £ 297,158 (31/1/14 - £ 297,202 ) for which security has been given.

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

31/1/15 31/1/14
£    £   
Repayable by instalments 297,158 297,202

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/1/15 31/1/14
value: £    £   
2 Ordinary £1 2 2

Page 3