Abbreviated Company Accounts - CRAVENSWORD LIMITED

CRAVENSWORD LIMITED - Company Information

02326572 CRAVENSWORD LIMITED 2013-12-31 false 2013-01-01 2013-12-31 true 02326572 2013-01-01 2013-12-31 02326572 2013-12-31 02326572 2012-12-31 02326572 uk-gaap-cd-bus:Director1 2013-01-01 2013-12-31 02326572 uk-gaap-cd-bus:Director2 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-12-31 iso4217:GBP shares

Registered Number 02326572

CRAVENSWORD LIMITED

Abbreviated Accounts

31 December 2013

CRAVENSWORD LIMITED Registered Number 02326572

Abbreviated Balance Sheet as at 31 December 2013

	Notes	2013	2012
		£	£
Fixed assets
Tangible assets	2	4,521,199	4,486,651
Investments	3	10	10
		4,521,209	4,486,661
Current assets
Debtors		492,696	638,809
Cash at bank and in hand		438,478	438,361
		931,174	1,077,170
Creditors: amounts falling due within one year		(4,391,319)	(4,219,516)
Net current assets (liabilities)		(3,460,145)	(3,142,346)
Total assets less current liabilities		1,061,064	1,344,315
Total net assets (liabilities)		1,061,064	1,344,315
Capital and reserves
Called up share capital	4	10	10
Profit and loss account		1,061,054	1,344,305
Shareholders' funds		1,061,064	1,344,315

For the year ending 31 December 2013 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 26 September 2014

And signed on their behalf by:
P W HENDRIE, Director
MRS A HENDRIE, Director

CRAVENSWORD LIMITED Registered Number 02326572

Notes to the Abbreviated Accounts for the period ended 31 December 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008. The company is the parent undertaking of a small group and, as such, is not required by the Companies Act 2006 to prepare group accounts. These financial statements therefore present information about the company as an individual undertaking and not about its group.

Turnover policy
Turnover represents the value of sales invoiced and rent receivable, excluding VAT, and is derived entirely from activities within the UK

Tangible assets depreciation policy
Provision is made for the depreciation of fixed assets in order to write off the cost of these assets over their expected useful lives. The following annual rates and methods are used:
Motor vehicles - 25% straight line
Plant and equipment - 20% straight line
Freehold property comprises investment properties. These are included in the balance sheet at cost and are not depreciated. This treatment is contrary to the Companies Act 2006 which states that fixed assets should be depreciated but is, in the opinion of the directors, necessary in order to give a true and fair view of the financial position of the company

Intangible assets amortisation policy
Investments held as fixed assets are shown at cost less provision for impairment

Other accounting policies
Provision is made for deferred taxation to the extent to which liabilities are likely to arise in the foreseeable future

2Tangible fixed assets

	£
Cost
At 1 January 2013	4,662,809
Additions	34,548
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2013	4,697,357
Depreciation
At 1 January 2013	176,158
Charge for the year	-
On disposals	-
At 31 December 2013	176,158
Net book values
At 31 December 2013	4,521,199
At 31 December 2012	4,486,651

3Fixed assets Investments
The investment with a cost of £10 (2012:£10) represents a 100% holding in the ordinary share capital of Funlamps Limited, a company registered in England. At 31 December 2013 the aggregate share capital and reserves of Funlamps Limited amounted to £161,178 deficit (2012:£151178) deficit and the loss for the year was £10,000 (2012:£Nil)

4Called Up Share Capital
Allotted, called up and fully paid:

	2013 £	2012 £
10 Ordinary shares of £1 each	10	10