FALCONLAND_BRIGHTON_LIMIT - Accounts

FALCONLAND BRIGHTON LIMITED - Company Information

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Company Registration No. 03905587 (England and Wales)

FALCONLAND BRIGHTON LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED

31 DECEMBER 2013

FALCONLAND BRIGHTON LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

FALCONLAND BRIGHTON LIMITED

ABBREVIATED BALANCE SHEET

AS AT 31 DECEMBER 2013

- 1 -

2013

2012

Notes

Fixed assets

Tangible assets

24,990

Current assets

Debtors

2,025

2,020

Cash at bank and in hand

5,145

14,387

7,170

16,407

Creditors: amounts falling due within one year

(430,350)

(439,350)

Net current liabilities

(423,180)

(422,943)

Total assets less current liabilities

(398,190)

(397,953)

Capital and reserves

Called up share capital

Profit and loss account

(398,191)

(397,954)

Shareholders' funds

(398,190)

(397,953)

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. 03905587

FALCONLAND BRIGHTON LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2013

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with applicable accounting standards.

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

Tangible fixed assets and depreciation

Investment properties are valued annually and aggregate surplus or deficit is transferred to reserves. No depreciation is provided in respect of investment properties; this constitues a departure from the statutory rules requiring fixed assets to be depreciated over the economical useful lives and is necessary to enable the financial statements to give a true and fair view. Depreciation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

1.4

Deferred taxation

Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes.The deferred tax balance has not been discounted.

Going concern

The financial statements have been prepared on the going concern basis, as the directors have confirmed that funds will continue to be made available from related undertakings to enable it to meet its day to day commitments for the foreseeable future. The financial statements do not include any adjustments that might result from the withdrawal of this support and the directors are of the opinion that the going concern basis is therefore appropriate to the preparation of these financial statements.

Fixed assets

Tangible assets

Cost

At 1 January 2013 & at 31 December 2013

24,990

Share capital

2013

2012

Allotted, called up and fully paid

1 Ordinary Shares of £1 each

FALCONLAND BRIGHTON LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2013

- 3 -

Ultimate parent company

The ultimate parent company is The Falcon Land Development Company Limited, a company registered in England & Wales.