C & N Properties (Midlands) Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 04498357 (England and Wales)

C & N PROPERTIES (MIDLANDS) LTD

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

E M Nickols

F E Clark

SECRETARY:

F E Clark

REGISTERED OFFICE:

Central Chambers

45-47 Albert Street

Rugby

Warwickshire

CV21 2SG

REGISTERED NUMBER:

04498357 (England and Wales)

ACCOUNTANTS:

Atkinson Finch & Co

Chartered Accountants

Central Chambers

45-47 Albert Street

Rugby

Warwickshire

CV21 2SG

BANKERS:

HSBC Bank Plc

Market Place

Market Bosworth

Nuneaton

Warwickshire

CV13 0JR

FIXED ASSETS

Tangible assets

2

72

96

CURRENT ASSETS

Stocks

207,196

59,643

Debtors

-

1,604

Cash at bank

982

32,389

208,178

93,636

CREDITORS

Amounts falling due within one year

136,681

5,406

NET CURRENT ASSETS

71,497

88,230

TOTAL ASSETS LESS CURRENT
LIABILITIES

71,569

88,326

PROVISIONS FOR LIABILITIES

14

-

NET ASSETS

71,555

88,326

CAPITAL AND RESERVES

Called up share capital

3

1,000

Profit and loss account

70,555

87,326

SHAREHOLDERS' FUNDS

71,555

88,326

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 26th September 2016 and were signed on its behalf by:

E M Nickols - 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 invoiced sales of properties. The company is not registered for value added tax.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Office equipment

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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 1st January 2015

and 31st December 2015

246

DEPRECIATION

At 1st January 2015

150

Charge for year

24

At 31st December 2015

174

NET BOOK VALUE

At 31st December 2015

72

At 31st December 2014

96

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

1,000

Ordinary

£1

1,000