Carpe Diem Property Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 08776669 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 November 2015

for

Carpe Diem Property Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

E A Hector

P R Nicholson

REGISTERED OFFICE:

Emstrey House (South)

Shrewsbury Business Park

Shrewsbury

Shropshire

SY2 6LG

REGISTERED NUMBER:

08776669 (England and Wales)

ACCOUNTANTS:

Pemberton Professionals Limited

9 Acton Hill Mews

Uxbridge Road

London

W3 9QN

FIXED ASSETS

Tangible assets

2

161

322

CURRENT ASSETS

Stocks

1,581,354

1,251,298

Debtors

2,561

Cash at bank and in hand

5,802

58,813

1,589,717

1,312,672

CREDITORS

Amounts falling due within one year

961

21,573

NET CURRENT ASSETS

1,588,756

1,291,099

TOTAL ASSETS LESS CURRENT LIABILITIES

1,588,917

1,291,421

CREDITORS

Amounts falling due after more than one
year

1,604,158

1,302,158

NET LIABILITIES

(15,241

)

(10,737

)

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

(15,243

)

(10,739

)

SHAREHOLDERS' FUNDS

(15,241

)

(10,737

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2015 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 14 July 2016 and were signed on its
behalf by:

P R Nicholson - 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).

Tangible fixed assets

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

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2014

and 30 November 2015

483

DEPRECIATION

At 1 December 2014

161

Charge for year

161

At 30 November 2015

322

NET BOOK VALUE

At 30 November 2015

161

At 30 November 2014

322

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.15

30.11.14

value:

£

1

Ordinary shares

£1

2