Crosswell Properties Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 05059980 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 May 2015

for

Crosswell Properties Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

M A Cuckill

Mrs S J Cuckill

SECRETARY:

Mrs S J Cuckill

REGISTERED OFFICE:

5 Ollerbarrow Road

Hale

Cheshire

WA15 9PW

REGISTERED NUMBER:

05059980 (England and Wales)

ACCOUNTANTS:

Account-Angels (North West) Limited

Uglow Farm

Broadhead Road

Edgworth

Bolton

BL7 0JN

BANKERS:

The Royal Bank of Scotland plc

Albert House

2 Station Road

Cheadle Hulme

Cheadle

SK8 5AE

FIXED ASSETS

Investment property

2

155,000

155,000

CURRENT ASSETS

Debtors

85,164

100,860

Cash at bank

93,624

80,727

178,788

181,587

CREDITORS

Amounts falling due within one year

3

114,208

126,314

NET CURRENT ASSETS

64,580

55,273

TOTAL ASSETS LESS CURRENT LIABILITIES

219,580

210,273

CAPITAL AND RESERVES

Called up share capital

4

2

2

Revaluation reserve

(16,976

)

(16,976

)

Profit and loss account

236,554

227,247

SHAREHOLDERS' FUNDS

219,580

210,273

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 26 February 2016 and were signed on its behalf by:

M A Cuckill - Director

1.	ACCOUNTING POLICIES

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 net invoiced sales of goods, excluding value added tax.

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.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 June 2014

and 31 May 2015

155,000

NET BOOK VALUE

At 31 May 2015

155,000

At 31 May 2014

155,000

3.

CREDITORS

Creditors include an amount of £ 108,150 (2014 - £ 124,993 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

2

Ordinary

£1

2

2

5.

CONTROL

The company is controlled by it's directors and shareholders, M A Cuckill and Mrs S J Cuckill.