Abbreviated Company Accounts - CURRAN PROPERTIES LIMITED

Abbreviated Company Accounts - CURRAN PROPERTIES LIMITED

CURRAN PROPERTIES LIMITED - Company Information

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Registered Number 06699189

CURRAN PROPERTIES LIMITED

Abbreviated Accounts

30 June 2016

CURRAN PROPERTIES LIMITED Registered Number 06699189

Abbreviated Balance Sheet as at 30 June 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 613,419 751,055
613,419 751,055
Current assets
Debtors 441,325 4,500
Cash at bank and in hand - -
441,325 4,500
Creditors: amounts falling due within one year (211,953) (61,953)
Net current assets (liabilities) 229,372 (57,453)
Total assets less current liabilities 842,791 693,602
Creditors: amounts falling due after more than one year (733,365) (485,166)
Total net assets (liabilities) 109,426 208,436
Capital and reserves
Called up share capital 1,000 1,000
Revaluation reserve - 103,280
Profit and loss account 108,426 104,156
Shareholders' funds 109,426 208,436
  • For the year ending 30 June 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 20 December 2016

And signed on their behalf by:
M N Curran, Director

CURRAN PROPERTIES LIMITED Registered Number 06699189

Notes to the Abbreviated Accounts for the period ended 30 June 2016

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 n the year comprised both sales from investment banking consultancy activity and property development

Tangible assets depreciation policy
plant and machinery - 25% reducing balance
computer equipment - 33% straight line

2Tangible fixed assets
£
Cost
At 1 July 2015 754,184
Additions 612,928
Disposals (750,000)
Revaluations -
Transfers -
At 30 June 2016 617,112
Depreciation
At 1 July 2015 3,129
Charge for the year 564
On disposals -
At 30 June 2016 3,693
Net book values
At 30 June 2016 613,419
At 30 June 2015 751,055

3Transactions with directors

Name of director receiving advance or credit: Michael Curran
Description of the transaction: overdrawn directors loan account
Balance at 1 July 2015: -
Advances or credits made: £ 441,325
Advances or credits repaid: -
Balance at 30 June 2016: £ 441,325

4% interest charge applied on overdrawn monies.