Camargue Properties Limited - Abbreviated accounts 16.1
Camargue Properties Limited - Abbreviated accounts 16.1
REGISTERED NUMBER: |
ABBREVIATED UNAUDITED ACCOUNTS |
FOR THE YEAR ENDED 31 OCTOBER 2015 |
FOR |
CAMARGUE PROPERTIES LIMITED |
CAMARGUE PROPERTIES LIMITED (REGISTERED NUMBER: 03315358) |
CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 OCTOBER 2015 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 3 |
Chartered Accountants' Report | 5 |
CAMARGUE PROPERTIES LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 OCTOBER 2015 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
CAMARGUE PROPERTIES LIMITED (REGISTERED NUMBER: 03315358) |
ABBREVIATED BALANCE SHEET |
31 OCTOBER 2015 |
2015 | 2014 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 2 |
Investment property | 3 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
4 |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 5 |
Revaluation reserve | ( |
) | ( |
) |
Profit and loss account |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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 financial statements were approved by the Board of Directors on |
CAMARGUE PROPERTIES LIMITED (REGISTERED NUMBER: 03315358) |
NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 OCTOBER 2015 |
1. | ACCOUNTING POLICIES |
ACCOUNTING CONVENTION |
The financial statements have been prepared under the historical cost convention as modified by the revaluation |
of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April |
2008). |
TURNOVER |
Turnover represents the amounts receivable by the company, excluding VAT, for property letting services |
provided during the year and is recognised on an accruals basis. |
INVESTMENT PROPERTY |
Investment property is held at the director's most recent valuation. Property valuations are performed on a rolling |
five year basis or more regularly should the directors deem necessary. Any aggregate surplus or deficit arising |
from material changes in market value is transferred to a revaluation reserve. |
Depreciation is not provided for on the investment property, as the director has taken advantage of the |
exemption within SSAP 19, which represents a departure from the requirements of the Companies Act 2006. |
GOING CONCERN |
These financial statements have been prepared on a going concern basis notwithstanding the fact that the |
company has a deficit on its balance sheet. Assurances have been obtained from the directors of the company |
that their support will not be withdrawn in the foreseeable future. In the directors' opinion, the company can and |
will be able to meet its liabilities as they fall due. |
The directors have considered the value of the investment property and have concluded that the changes in the |
current property market can not be predicted or controlled and they believe that any fall in the market value of |
the property would be a temporary diminution. The directors are confident that all rents charged by the company |
continue to be fully recoverable and therefore, the going concern basis of preparation remains appropriate for |
these financial statements. |
2. | FIXED ASSET INVESTMENTS |
Investments |
other |
than |
loans |
£ |
COST |
At 1 November 2014 |
and 31 October 2015 | 9 |
NET BOOK VALUE |
At 31 October 2015 |
At 31 October 2014 |
3. | INVESTMENT PROPERTY |
Total |
£ |
COST OR VALUATION |
At 1 November 2014 |
and 31 October 2015 |
NET BOOK VALUE |
At 31 October 2015 |
At 31 October 2014 |
CAMARGUE PROPERTIES LIMITED (REGISTERED NUMBER: 03315358) |
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 OCTOBER 2015 |
4. | CREDITORS |
Creditors include the following debts falling due in more than five years: |
2015 | 2014 |
£ | £ |
Repayable by instalments | 75,005 | 83,377 |
5. | CALLED UP SHARE CAPITAL |
Allotted and issued: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | £ | £ |
Ordinary | £1 |
Ordinary A | £1 |
200 | 200 |
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
CAMARGUE PROPERTIES LIMITED |
The following reproduces the text of the report prepared for the directors in respect of the company's annual |
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four) |
have been prepared. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of Camargue Properties Limited for the year ended 31 October 2015 which comprise the Profit and |
Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information |
and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook. |
This report is made solely to the Board of Directors of Camargue Properties Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Camargue Properties Limited and state those matters that we have agreed to state to the Board of Directors of Camargue Properties Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
It is your duty to ensure that Camargue Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Camargue Properties Limited. You consider that Camargue Properties Limited is exempt from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the financial statements of Camargue Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
Chartered Accountants |
Date: ............................................. |