Abbreviated Company Accounts - SOLARA CANMORE UK LIMITED

SOLARA CANMORE UK LIMITED - Company Information

05133705 SOLARA CANMORE UK LIMITED 2015-09-30 false 2014-10-01 2015-09-30 true 05133705 2014-10-01 2015-09-30 05133705 2015-09-30 05133705 2014-09-30 05133705 uk-gaap-cd-bus:Director1 2014-10-01 2015-09-30 05133705 uk-gaap-cd-bus:Director2 2014-10-01 2015-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-10-01 2015-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-09-30 iso4217:GBP shares

Registered Number 05133705

SOLARA CANMORE UK LIMITED

Abbreviated Accounts

30 September 2015

SOLARA CANMORE UK LIMITED Registered Number 05133705

Abbreviated Balance Sheet as at 30 September 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	276,114	276,114
		276,114	276,114
Current assets
Debtors		-	688
Cash at bank and in hand		9,371	12,794
		9,371	13,482
Creditors: amounts falling due within one year		(238,967)	(233,890)
Net current assets (liabilities)		(229,596)	(220,408)
Total assets less current liabilities		46,518	55,706
Creditors: amounts falling due after more than one year		(140,453)	(146,284)
Total net assets (liabilities)		(93,935)	(90,578)
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		(93,937)	(90,580)
Shareholders' funds		(93,935)	(90,578)

For the year ending 30 September 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 23 March 2016

And signed on their behalf by:
Mr M Ah-Moye, Director

SOLARA CANMORE UK LIMITED Registered Number 05133705

Notes to the Abbreviated Accounts for the period ended 30 September 2015

1Accounting Policies

Basis of measurement and preparation of accounts
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).

Turnover policy
Turnover comprises revenue recognised by the company in respect of rents receivable.

Valuation information and policy
Investment properties are included in the balance sheet at cost. Investment properties are not
revalued annually at their open market value as required by Financial Reporting Standard for
Smaller Entities. The directors consider that no useful purpose would be served in incurring the
expenses of a professional valuation. In absence of a professional valuation, it is not possible for the
directors to estimate with reasonable accuracy the open market value of the properties.
No depreciation is provided on investment properties. This conflicts with the requirement of the
Companies Act 2006 that all properties should be depreciated. The directors consider that these
properties are not held for consumption, but for investment potential. Thus to depreciate them would
not give a true and fair view, and that it is necessary to adopt the Financial Reporting Standard for
Smaller Entities in order to give a true and fair view.

Other accounting policies
Going concern
The accounts have been prepared under the going concern basis, as the parent company has
agreed to provide the company with continued funding, to enable it to meet its liabilities as they fall
due.

2Tangible fixed assets

	£
Cost
At 1 October 2014	276,114
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2015	276,114
Depreciation
At 1 October 2014	-
Charge for the year	-
On disposals	-
At 30 September 2015	-
Net book values
At 30 September 2015	276,114
At 30 September 2014	276,114

Investment property is stated at cost and not revalued. The directors consider that no useful purpose
would be served in incurring the expenses of a professional valuation.
The investment property has been mortgaged to the lending bank as security for the loan of £140,453
(2014: £146,284). Interest at varying rate is payable on the mortgage.

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
2 Ordinary shares of £1 each	2	2