Clements Estates Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 06265295 (England and Wales)

Abbreviated Accounts

for the Year Ended 31 May 2016

for

CLEMENTS ESTATES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mrs H L Clements

A J Clements

A Clements

Mrs S Sayers

SECRETARY:

Mrs H L Clements

REGISTERED OFFICE:

Wimborne

Uplands Road

Denmead

Hampshire

PO7 6HF

REGISTERED NUMBER:

06265295 (England and Wales)

ACCOUNTANTS:

Hunter Simmons Ltd

36 Basepoint Business Centre

Harts Farm Way

Havant

Portsmouth

Hampshire

PO9 1HS

FIXED ASSETS

Investment property

2

400,335

CURRENT ASSETS

Debtors

3

125,000

Cash at bank

14,276

19,984

139,276

144,984

CREDITORS

Amounts falling due within one year

527,296

527,566

NET CURRENT LIABILITIES

(388,020

)

(382,582

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

12,315

17,753

CAPITAL AND RESERVES

Called up share capital

4

1

Profit and loss account

12,314

17,752

SHAREHOLDERS' FUNDS

12,315

17,753

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 27 June 2016 and were signed on its behalf by:

A J Clements - 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).

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

At 1 June 2015

and 31 May 2016

400,335

NET BOOK VALUE

At 31 May 2016

400,335

At 31 May 2015

400,335

3.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

The aggregate total of debtors falling due after more than one year is £ 125,000 (2015 - £ 125,000 )

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1

Ordinary

£1

1