Caley Property Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: SC130239 (Scotland)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2015

FOR

CALEY PROPERTY LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

F Bizzari

SECRETARY:

J A Finch

REGISTERED OFFICE:

116 Earlbank Avenue

Glasgow

G14 9DY

REGISTERED NUMBER:

SC130239 (Scotland)

ACCOUNTANTS:

H & E Johnson

Chartered Accountants

Sandall House

230 High Street

Herne Bay

Kent

CT6 5AX

FIXED ASSETS

Tangible assets

2

1,004,600

CURRENT ASSETS

Debtors

117,824

94,439

CREDITORS

Amounts falling due within one year

250,087

225,581

NET CURRENT LIABILITIES

(132,263

)

(131,142

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

872,337

873,458

CREDITORS

Amounts falling due after more than one
year

33,180

37,097

NET ASSETS

839,157

836,361

CAPITAL AND RESERVES

Called up share capital

3

1,000

Revaluation reserve

575,844

Profit and loss account

262,313

259,517

SHAREHOLDERS' FUNDS

839,157

836,361

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 27 April 2016 and were signed by:

F Bizzari - 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 January

2015).

Turnover

Turnover represents rents receivable from leasehold investment properties and management consultancy fees.

Leasehold investment properties

Leased investment properties acquired under finance leases, where their terms give rights approximating to

ownership, are capitalised in the balance sheet as tangible fixed assets.

Deferred tax

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

sheet date. Deferred tax is provided on non-current assets held for sale at the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 October 2014

and 30 September 2015

1,004,600

NET BOOK VALUE

At 30 September 2015

1,004,600

At 30 September 2014

1,004,600

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

1,000

Ordinary

£1

1,000

4.	ULTIMATE PARENT COMPANY

Rafon Inc (incorporated in Panama ) is regarded by the director as being the company's ultimate parent company.