THE_FALCON_LAND_DEVELOPME - Accounts

THE_FALCON_LAND_DEVELOPME - Accounts

THE FALCON LAND DEVELOPMENT COMPANY LIMITED - Company Information

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Company Registration No. 02494898 (England and Wales)
THE FALCON LAND DEVELOPMENT COMPANY LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED
31 DECEMBER 2013
31 December 2013
THE FALCON LAND DEVELOPMENT COMPANY LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
THE FALCON LAND DEVELOPMENT COMPANY LIMITED
ABBREVIATED BALANCE SHEET
AS AT 31 DECEMBER 2013
- 1 -
2013
2012
Notes
£
£
£
£
Fixed assets
Investments
2
2 
2 
Current assets
Debtors
770,000 
760,000 
Cash at bank and in hand
12,273 
18,350 
782,273 
778,350 
Creditors: amounts falling due within one year
(4,997)
(5,004)
Net current assets
777,276 
773,346 
Total assets less current liabilities
777,278 
773,348 
Capital and reserves
Called up share capital
3
100 
100 
Profit and loss account
777,178 
773,248 
Shareholders' funds
777,278 
773,348 
For the financial year ended 31 December 2013 the company was entitled to exemption from audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit of these financial statements in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit or loss for the 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 accounts, so far as applicable to the company.
These abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved by the Board for issue on 23 September 2014
A M  Green
Director
Company Registration No. 02494898
THE FALCON LAND DEVELOPMENT COMPANY LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2013
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention.
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for management fees net of VAT.
1.4
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.5
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. The company has not adopted a policy of discounting deferred tax assets and liabilities.
1.6
Group accounts
The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertakings comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 398 of the Companies Act 2006  not to prepare group accounts.
THE FALCON LAND DEVELOPMENT COMPANY LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2013
- 3 -
2
Fixed assets
Investments
£
Cost
At 1 January 2013 & at 31 December 2013
2 
At 31 December 2012
2 
Holdings of more than 20%
The company holds more than 20% of the share capital of the following companies:
Company
Country of registration or
Shares held
incorporation
Class
%
Subsidiary undertakings
Falconland Brighton Limited
England & Wales
Ordinary
100.00 
Falconland (Palace) Limited
England & Wales
Ordinary
100.00 
The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:
Capital and reserves
Profit/(loss) for the year
2013
2013
Principal activity
£
£
Falconland Brighton Limited
Property investment
(398,190)
(237)
Falconland (Palace) Limited
Property investment
629,166 
79,908 
3
Share capital
2013
2012
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100 
100 
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