Cole Green (Holdings) Limited - Period Ending 2015-03-31

Registration number: 02695580

Cole Green (Holdings) Limited
 
  Abbreviated Accounts
 
  for the Year Ended 31 March 2015
 

Brooks Green
  Accountants
  Abbey House
  342 Regents Park Road
  London
  London
  N3 2LJ

Cole Green (Holdings) Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Cole Green (Holdings) Limited
for the Year Ended 31 March 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Cole Green (Holdings) Limited for the year ended 31 March 2015 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Cole Green (Holdings) Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Cole Green (Holdings) Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cole Green (Holdings) Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Cole Green (Holdings) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Cole Green (Holdings) Limited. You consider that Cole Green (Holdings) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Cole Green (Holdings) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Brooks Green
Accountants
Abbey House
342 Regents Park Road
London
London
N3 2LJ

30 October 2015

Page 1

Cole Green (Holdings) Limited
(Registration number: 02695580)
Abbreviated Balance Sheet at 31 March 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					765,072			724,494
Investments					-			66,325
					765,072			790,819
Current assets
Debtors					7,750			10,271
Cash at bank and in hand					11,993			15,661
					19,743			25,932
Creditors: Amounts falling due within one year					(115,947)			(140,923)
Net current liabilities					(96,204)			(114,991)
Net assets					668,868			675,828
Capital and reserves
Called up share capital		3			10,000			10,000
Other reserves					1,279,786			1,279,786
Profit and loss account					(620,918)			(613,958)
Shareholders' funds					668,868			675,828

For the year ending 31 March 2015 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 29 October 2015

...................................................... Mr Martin Lee-Bapty Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Cole Green (Holdings) Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... 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).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of rental income and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	20% on reducing basis
Motor vehicles	25% on reducing basis
Freehold property	Not depreciated

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

Deferred tax

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

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 3

Cole Green (Holdings) Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

2	Fixed assets

		Tangible assets £			Investments £			Total £
Cost
At 1 April 2014		790,484			66,325			856,809
Additions		43,002			-			43,002
Disposals		(20,445)			(66,325)			(86,770)
At 31 March 2015		813,041			-			813,041
Depreciation
At 1 April 2014		65,990			-			65,990
Charge for the year		1,774			-			1,774
Eliminated on disposals		(19,795)			-			(19,795)
At 31 March 2015		47,969			-			47,969
Net book value
At 31 March 2015		765,072			-			765,072
At 31 March 2014		724,494			66,325			790,819

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary of £1 each		10,000			10,000			10,000			10,000

Page 4