Clovertown Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 07258098 (England and Wales)

CLOVERTOWN LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2015

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

2

CURRENT ASSETS

Stocks

131,667

127,742

Debtors

242

-

Cash at bank

446

81

132,355

127,823

CREDITORS

Amounts falling due within one year

146,083

140,202

NET CURRENT LIABILITIES

(13,728

)

(12,379

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(13,728

)

(12,379

)

CAPITAL AND RESERVES

Called up share capital

2

2

2

Profit and loss account

(13,730

)

(12,381

)

SHAREHOLDERS' FUNDS

(13,728

)

(12,379

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 23 February 2016 and were signed on its behalf by:

Miss M Stefani - 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).

Stocks

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

moving items.

Going concern

The financial statements have been prepared on the assumption that the company is a going concern and will

continue in operation for the foreseeable future. The company relies upon the continued support of the directors,

and has neither the intention nor the need to liquidate or curtail materially the scale of its operations. The

financial statements do not include any adjustments that would result from a withdrawal of support by the

directors.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

2

Ordinary

£1.00

2

2