Abbreviated Company Accounts - CLARAWARA INVESTMENTS LIMITED

CLARAWARA INVESTMENTS LIMITED - Company Information

SC333658 CLARAWARA INVESTMENTS LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true SC333658 2015-04-01 2016-03-31 SC333658 2016-03-31 SC333658 2015-03-31 SC333658 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 SC333658 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:Director3 2015-04-01 2016-03-31 uk-gaap-cd-bus:Director3 2016-03-31 uk-gaap-cd-bus:Director3 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number SC333658

CLARAWARA INVESTMENTS LIMITED

Abbreviated Accounts

31 March 2016

CLARAWARA INVESTMENTS LIMITED Registered Number SC333658

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Investments	2	165,000	140,000
		165,000	140,000
Current assets
Cash at bank and in hand		66	66
		66	66
Creditors: amounts falling due within one year		(2,839)	(1,926)
Net current assets (liabilities)		(2,773)	(1,860)
Total assets less current liabilities		162,227	138,140
Total net assets (liabilities)		162,227	138,140
Capital and reserves
Called up share capital	3	251	251
Revaluation reserve		164,760	139,760
Profit and loss account		(2,784)	(1,871)
Shareholders' funds		162,227	138,140

For the year ending 31 March 2016 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 5 November 2016

And signed on their behalf by:
C A Martin, Director

CLARAWARA INVESTMENTS LIMITED Registered Number SC333658

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention as modified by the revaluation of investment and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Other accounting policies
Investments

Investments held as fixed assets are shown at valuation.

Deferred taxation

Full provision is made for deferred tax assets and liabilities arising from all timing differences between the recognition of gains and losses in the financial statements and recognition in the tax computation.

Deferred tax is not provided on timing differences arising from the revaluation of fixed assets in the financial statements.

A net deferred tax asset is recognised only if it can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Deferred tax assets and liabilities are calculated at the tax rates expected to be effective at the time the timing differences are expected to reverse.

Deferred tax assets and liabilities are not discounted.

A net deferred tax asset of £1,651 (2015 - £1,652) in relation to tax losses carried forward has not been provided for in the accounts as the recoverability is relatively uncertain at this stage.

2Fixed assets Investments
Valuation
At 1 April 2015 £140,000
Revaluations £25,000
At 31 March 2016 £165,000

Net book value
At 31 March 2016 £165,000
At 31 March 2015 £140,000

The shares in a participating interest represents a 24% (2015 - 24%) interest in the issued share capital of Nevisview Limited, a company registered in Scotland. The aggregate capital and reserves of Nevisview Limited at 31 March 2016 were £739,462 (2015 - £701,842) and its profit for the year was £41,120 (2015 - £23,765).

The director's valuation of the investment in Nevisview Limited is based on the net assets less a discount to reflect the size of the shareholding.

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

	2016 £	2015 £
251 Ordinary shares of £1 each	251	251

4Transactions with directors

Name of director receiving advance or credit:	C A Martin
Description of the transaction:	Loan
Balance at 1 April 2015:	£ 486
Advances or credits made:	£ 900
Advances or credits repaid:	-
Balance at 31 March 2016:	£ 1,386

Included in creditors is a loan from C A Martin, the director, amounting to £1,386 (2015 - £486). The loan is unsecured, interest free with no fixed repayment terms.