CARAMONT_DEVELOPMENTS_LIM - Accounts

CARAMONT DEVELOPMENTS LIMITED - Company Information

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Company Registration No. 07094960 (England and Wales)

CARAMONT DEVELOPMENTS LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

Richard Anthony

Chartered Accountants

CARAMONT DEVELOPMENTS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

CARAMONT DEVELOPMENTS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

1,955,039

694,997

Investments

103,690

1,046,393

2,058,729

1,741,390

Current assets

Debtors

35,355

16,643

Cash at bank and in hand

23,114

18,409

58,469

35,052

Creditors: amounts falling due within one year

(700,134)

(352,035)

Net current liabilities

(641,665)

(316,983)

Total assets less current liabilities

1,417,064

1,424,407

Creditors: amounts falling due after more than one year

(1,577,225)

(1,605,369)

(160,161)

(180,962)

Capital and reserves

Called up share capital

Profit and loss account

(160,163)

(180,964)

Shareholders' funds

(160,161)

(180,962)

For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 5 October 2016

S Friel

Director

Company Registration No. 07094960

CARAMONT DEVELOPMENTS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The company meets its day to day working capital requirements through an overdraft facility which is repayable on demand.

The nature of the company's business is such that there can be considerable unpredictable variation in the timing of cash inflows. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of the facility by the company's bankers.

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

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

No depreciation is provided in respect of freehold land.

1.4

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.5

Group accounts

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

CARAMONT DEVELOPMENTS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Fixed assets

Tangible assets

Investments

Total

Cost

At 1 April 2015

694,997

1,046,393

1,741,390

Additions

1,260,042

Disposals

(942,703)

At 31 March 2016

1,955,039

103,690

2,058,729

At 31 March 2015

694,997

1,046,393

1,741,390

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

Cathedral (Eltham) Limited

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

2016

Principal activity

Cathedral (Eltham) Limited

Property development

207,356

22,633

Creditors: amounts falling due after more than one year

2016

2015

Analysis of loans repayable in more than five years

Total amounts repayable by instalments which are due in more than five years

536,626

611,307

Share capital

2016

2015

Allotted, called up and fully paid

2 Ordinary shares of £1 each