Abbreviated Company Accounts - CLIFTON INVESTMENT PROPERTIES LIMITED

CLIFTON INVESTMENT PROPERTIES LIMITED - Company Information

03300938 CLIFTON INVESTMENT PROPERTIES LIMITED 2015-12-31 false 2015-01-01 2015-12-31 true 03300938 2015-01-01 2015-12-31 03300938 2015-12-31 03300938 2014-12-31 03300938 uk-gaap-cd-bus:Director1 2015-01-01 2015-12-31 03300938 uk-gaap-cd-bus:Director2 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 iso4217:GBP shares

Registered Number 03300938

CLIFTON INVESTMENT PROPERTIES LIMITED

Abbreviated Accounts

31 December 2015

CLIFTON INVESTMENT PROPERTIES LIMITED Registered Number 03300938

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	1,363,134	1,363,897
		1,363,134	1,363,897
Current assets
Debtors		11,983	10,032
Cash at bank and in hand		36,711	26,106
		48,694	36,138
Creditors: amounts falling due within one year		(66,362)	(46,128)
Net current assets (liabilities)		(17,668)	(9,990)
Total assets less current liabilities		1,345,466	1,353,907
Creditors: amounts falling due after more than one year		(12,500)	(12,500)
Total net assets (liabilities)		1,332,966	1,341,407
Capital and reserves
Called up share capital	3	200	200
Revaluation reserve		884,655	884,655
Profit and loss account		448,111	456,552
Shareholders' funds		1,332,966	1,341,407

For the year ending 31 December 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
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.

Approved by the Board on 28 September 2016

And signed on their behalf by:
R C Cotter, Director

CLIFTON INVESTMENT PROPERTIES LIMITED Registered Number 03300938

Notes to the Abbreviated Accounts for the period ended 31 December 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts chargeable, net of value added tax, in respect of the sale of
goods and services to customers.

Tangible assets depreciation policy
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less
any estimated residual value, over their expected useful economic life as follows:

Fixtures and fittings 20% per annum reducing balance
Motor vehicles 25% per annum reducing balance

Other accounting policies
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the
contractual arrangement, as financial assets, financial liabilities or equity instruments. An
equity instrument is any contract that evidences a residual interest in the assets of the
company after deducting all of its liabilities. Where shares are issued, any component that
creates a financial liability of the company is presented as a liability in the balance sheet.
The corresponding dividends relating to the liability component are charged as interest
expense in the profit and loss account.

2Tangible fixed assets

	£
Cost
At 1 January 2015	1,383,281
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	1,383,281
Depreciation
At 1 January 2015	19,384
Charge for the year	763
On disposals	-
At 31 December 2015	20,147
Net book values
At 31 December 2015	1,363,134
At 31 December 2014	1,363,897

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
200 Ordinary shares of £1 each	200	200