CML Property Solutions Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 08452146 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

CML PROPERTY SOLUTIONS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

C J Bartlett

Mrs A Bartlett

REGISTERED OFFICE:

Kensington House

3 Kensington

Bishop Auckland

Co. Durham

DL14 6HX

REGISTERED NUMBER:

08452146 (England and Wales)

ACCOUNTANTS:

Mitchells Grievson Limited

Kensington House

3 Kensington

Bishop Auckland

Co. Durham

DL14 6HX

FIXED ASSETS

Tangible assets

2

4,161

6,081

Investment property

3

1,680,244

856,897

1,684,405

862,978

CURRENT ASSETS

Debtors

5,562

51

Cash at bank

106,923

18,526

112,485

18,577

CREDITORS

Amounts falling due within one year

1,691,956

842,620

NET CURRENT LIABILITIES

(1,579,471

)

(824,043

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

104,934

38,935

CAPITAL AND RESERVES

Called up share capital

4

Profit and loss account

104,930

38,931

104,934

38,935

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

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

C J Bartlett - 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 January 2015).

Turnover

Turnover represents rental income. The company is not vat registered.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

25% on cost

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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

7,680

DEPRECIATION

At 1 April 2015

1,599

Charge for year

1,920

At 31 March 2016

3,519

NET BOOK VALUE

At 31 March 2016

4,161

At 31 March 2015

6,081

3.	INVESTMENT PROPERTY

Total

£

COST

At 1 April 2015

856,897

Additions

823,347

At 31 March 2016

1,680,244

NET BOOK VALUE

At 31 March 2016

1,680,244

At 31 March 2015

856,897

4.	CALLED UP SHARE CAPITAL

The 4 issued share capital is split as follows:

1 Ordinary A

1 Ordinary B

1 Ordinary C

1 Ordinary D

All shares are ranked equally and carry equal voting rights.