Caldwell Investments Limited - Period Ending 2015-03-31

Registration number: 07085882

Caldwell Investments Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2015
 

Brookes Sivyer
Chartered Accountants
154 Mount Wise
Newquay
Cornwall
TR7 1QP

Caldwell Investments Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 5

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 5) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Caldwell Investments 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 Caldwell Investments 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 Caldwell Investments 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 Caldwell Investments 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 Caldwell Investments Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Caldwell Investments 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 profit of Caldwell Investments Limited. You consider that Caldwell Investments 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 Caldwell Investments 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.

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

Brookes Sivyer
Chartered Accountants
154 Mount Wise
Newquay
Cornwall
TR7 1QP

3 December 2015

Page 1

Caldwell Investments Limited
(Registration number: 07085882)
Abbreviated Balance Sheet at 31 March 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					393,661			393,803
Investments					145,110			116,712
					538,771			510,515
Current assets
Debtors					16,820			10,000
Cash at bank and in hand					130,316			63,325
					147,136			73,325
Creditors: Amounts falling due within one year					(41,382)			(43,840)
Net current assets					105,754			29,485
Total assets less current liabilities					644,525			540,000
Creditors: Amounts falling due after more than one year					(146,149)			(155,974)
Net assets					498,376			384,026
Capital and reserves
Called up share capital		4			2			2
Profit and loss account					498,374			384,024
Shareholders' funds					498,376			384,026

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 directors acknowledge their 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 Board on 3 December 2015 and signed on its behalf by:

.........................................
Mr E Caldwell
Director

The notes on pages 3 to 5 form an integral part of these financial statements.
Page 2

Caldwell Investments 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 the sale of goods 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
Freehold property	not provided
Office equipment	33% straight line basis

Investment properties

Certain of the company's properties are held for long-term investment. Investment properties are accounted for in accordance with the FRSSE, as follows: No depreciation is provided in respect of investment properties and they are revalued annually. The surplus or deficit on revaluation is transferred to the revaluation reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year. This treatment as regards the company's investment properties may be a departure from the requirements of the Companies Act concerning the depreciation of fixed assets. However, these properties are not held for consumption but for investment and the directors consider that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

Fixed asset investments

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

Foreign currency

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

Page 3

Caldwell Investments Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

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.

2	Fixed assets

		Tangible assets £			Investments £			Total £
Cost
At 1 April 2014		395,793			116,712			512,505
Exchange Differences		-			12,827			12,827
Additions		-			69,289			69,289
Disposals		-			(37,113)			(37,113)
Share of partnership profits and losses		-			(16,605)			(16,605)
At 31 March 2015		395,793			145,110			540,903
Depreciation
At 1 April 2014		1,990			-			1,990
Charge for the year		142			-			142
At 31 March 2015		2,132			-			2,132
Net book value
At 31 March 2015		393,661			145,110			538,771
At 31 March 2014		393,803			116,712			510,515

3

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

		2015 £			2014 £
Amounts falling due within one year		9,842			9,496
Amounts falling due after more than one year		146,149			155,974
Total secured creditors		155,991			165,470

Included in the creditors are the following amounts due after more than five years:

Page 4

Caldwell Investments Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

		2015 £			2014 £
After more than five years by instalments		102,935			114,332

4	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary Shares of £1 each		2			2			2			2

Page 5