Crownview Enterprises Limited,Ltd - Accounts

CROWNVIEW ENTERPRISES LIMITED - Company Information

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Crownview Enterprises Limited

For the year ended 31 December 2015

Unaudited Abbreviated Report and Financial Statements

England and Wales

Registered Number: 03303430

Contents Page

Crownview Enterprises Limited

For the year ended 31 December 2015

Accountants' Report

Balance Sheet

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Notes to the Abbreviated Financial Statements

Crownview Enterprises Limited

Accountants' Report

For the year ended 31 December 2015

As described on the balance sheet you are responsible for the preparation of the financial statements for the year

ended 31 December 2015 and you consider that the company is exempt from an audit under the Companies Act

2006.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you

to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Daval Consultancy

Suite 7 North Wing,

Warlies Park House

Horseshoe Hill

Upshire, Essex

EN9 3SL

09 September 2016

Dated:

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Abbreviated Balance Sheet

Crownview Enterprises Limited

As at 31 December 2015

03303430

Registered Number :

2015

Notes

2014

Fixed assets

Tangible assets

5,485,000

Current assets

Cash at bank and in hand

71,399

101,318

71,399

101,318

Creditors: amounts falling due within one year

(633,488)

(539,714)

(532,170)

(468,315)

Net current liabilities

Total assets less current liabilities

5,016,685

4,952,830

Creditors: amounts falling due after more than one year

(3,850)

5,012,835

Net assets

4,952,830

Capital and reserves

Called up share capital

100

Revaluation reserve

4,030,015

Profit and loss account

982,720

922,715

5,012,835

4,952,830

Shareholders funds

For the year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;

2) 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.

Date approved by the board: 09 September 2016

Leigh Brown Director

Signed on behalf of the board of directors

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Notes to the Abbreviated Financial Statements

Crownview Enterprises Limited

For the year ended 31 December 2015

1 Accounting Policies

Basis of accounting

The financial statements are prepared under the historical cost convention, as modified by the revaluation of certain fixed assets, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents rents receivable.

Dividends

Proposed dividends are only included as liabilities in the financial statements when their payment has been approved

by the shareholders prior to the balance sheet date.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Fixtures and Fittings

25 Straight line

The company's freehold properties are revalued in full every five years. Interim valuations are carried out when it is

likely that there has been a material change in value.

No depreciation is provided on the company's freehold properties since in the opinion of the directors the expected

useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation

would be immaterial. The directors undertake an annual impairment review of these properties.

Investment properties

Investment properties are included in the balance sheet at their open market value at the balance sheet date. The

resulting aggregate surplus or deficit is transferred to a revaluation reserve. Depreciation is provided only on those

investment properties which are leasehold and where the unexpired lease term is less than 20 years.

Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective

January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be

depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to

give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation

and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

Fixed asset investments

Fixed asset investments are stated at cost less provision for any permanent diminution in value.

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Notes to the Abbreviated Financial Statements

Crownview Enterprises Limited

For the year ended 31 December 2015

2 Tangible fixed assets

Tangible fixed

assets

Cost or valuation

5,485,000

At 01 January 2015

At 31 December 2015

5,485,000

Net book values

At 31 December 2015

5,485,000

At 31 December 2014

3 Share capital

Allotted called up and fully paid

2015

2014

200 Class A shares of £1.00 each

100

200

200 Class B shares of £1.00 each

200

400

100

100Class A £1.00 and 200Class B £1.00 shares have been issued during the year each at par for a cash consideration of £100 and £200 respectively.

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