Sheriol Thirty - Two Limited - Limited company - abbreviated - 11.0.0
Sheriol Thirty - Two Limited - Limited company - abbreviated - 11.0.0
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS |
| FOR THE YEAR ENDED 31 OCTOBER 2013 |
| FOR |
| SHERIOL THIRTY - TWO LIMITED |
| SHERIOL THIRTY - TWO LIMITED (REGISTERED NUMBER: 02699826) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 OCTOBER 2013 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| Chartered Accountants' Report | 6 |
| SHERIOL THIRTY - TWO LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 OCTOBER 2013 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| SHERIOL THIRTY - TWO LIMITED (REGISTERED NUMBER: 02699826) |
| ABBREVIATED BALANCE SHEET |
| 31 OCTOBER 2013 |
| 2013 | 2012 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investments | 2 |
| Investment property | 3 |
| CURRENT ASSETS |
| Debtors | 4 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Revaluation reserve |
| Capital redemption reserve |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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 financial statements, so far as applicable to the company. |
| The financial statements were approved by the Board of Directors on |
| SHERIOL THIRTY - TWO LIMITED (REGISTERED NUMBER: 02699826) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 OCTOBER 2013 |
| 1. | ACCOUNTING POLICIES |
| ACCOUNTING CONVENTION |
| The financial statements have been prepared under the historical cost convention as modified by the revaluation |
| of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April |
| 2008). |
| PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS |
| The financial statements contain information about Sheriol Thirty - Two Limited as an individual company and do |
| not contain consolidated financial information as the parent of a group. The company has taken the option under |
| Section 398 of the Companies Act 2006 not to prepare consolidated financial statements. |
| TURNOVER |
| Turnover represents the amounts receivable by the company, excluding VAT, in respect of commercial property |
| letting services provided. |
| INVESTMENT PROPERTIES |
| Investment properties are shown at most recent valuation, as determined by the directors on an open market |
| value basis. Any aggregate surplus or deficit arising from changes in market value is transferred to a revaluation |
| reserve. |
| Property valuations are performed on a rolling five year basis, with any additional intermediate valuations carried |
| out by the directors if it is considered appropriate in order to show a true and fair view of the company's financial |
| position. |
| Depreciation is not provided for on the investment properties, as the directors have taken advantage of the |
| exemptions within SSAP 19, which represents a departure from the requirements of the Companies Act 2006. |
| DEFERRED TAX |
| If the investment properties were to be sold at their current valuation a potential tax liability could be incurred of |
| £424,821. However, as there are sufficient capital losses available within the group to offset the potential gain, |
| no provision has been made in these accounts. |
| 2. | FIXED ASSET INVESTMENTS |
| Investments (neither listed nor unlisted) were as follows: |
| 2013 | 2012 |
| £ | £ |
| Camargue West Bromwich Limited | 2 | 2 |
| Camargue Monks Brook Limited | 100 | 100 |
| Chilworth Properties Limited | 100 | 100 |
| Camargue Properties Limited | 105 | 105 |
| The company's investments at the balance sheet date in the share capital of companies include the following: |
| Country of incorporation: England & Wales |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 100.00 |
| £ | £ |
| Aggregate capital and reserves | (177,522 | ) | (181,919 | ) |
| Profit/(loss) for the year/period | 4,397 | (457 | ) |
| SHERIOL THIRTY - TWO LIMITED (REGISTERED NUMBER: 02699826) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 31 OCTOBER 2013 |
| 2. | FIXED ASSET INVESTMENTS - continued |
| Country of incorporation: England & Wales |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary £1 | 100.00 |
| £ | £ |
| Aggregate capital and reserves | 104,844 | 103,078 |
| Profit/(loss) for the year/period | 1,766 | (60,752 | ) |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 100.00 |
| £ | £ |
| Aggregate capital and reserves | 241,239 | 206,969 |
| Profit/(loss) for the year/period | 34,270 | (29,606 | ) |
| Country of incorporation: England |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 90.00 |
| £ | £ |
| Aggregate capital and reserves | (368,245 | ) | (366,361 | ) |
| Loss for the year/period | (1,884 | ) | (2,088 | ) |
| The investment in a 90% holding of the issued ordinary share capital of Camargue Property Developments |
| Limited was made for NIL consideration on 1 August 2006. |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 90.00 |
| £ | £ |
| Aggregate capital and reserves | (73,061 | ) | (72,125 | ) |
| (Loss)/profit for the year/period | (936 | ) | 5,349 |
| 3. | INVESTMENT PROPERTY |
| Total |
| £ |
| COST OR VALUATION |
| At 1 November 2012 |
| Additions |
| Revaluations | ( |
) |
| At 31 October 2013 |
| NET BOOK VALUE |
| At 31 October 2013 |
| At 31 October 2012 |
| SHERIOL THIRTY - TWO LIMITED (REGISTERED NUMBER: 02699826) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 31 OCTOBER 2013 |
| 4. | DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| The aggregate total of debtors falling due after more than one year is £ |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2013 | 2012 |
| value: | £ | £ |
| Ordinary | £1 |
| 6. | RELATED PARTY DISCLOSURES |
£150,000) (net) regarding property management fees. At the year end, Robert T Sperring Plc was a debtor to the company in the sum of £ |
| Also included within other debtors due less than one year is an amount of £ |
| Included within debtors due after more than one year is an amount of £ which are subsidiaries of the company. |
| Included within creditors due less than one year is an amount of £ |
| Included within creditors due after more than one year is an amount of £ |
| Included within debtors due less than one year is an amount of £ |
| CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
| ON THE UNAUDITED FINANCIAL STATEMENTS OF |
| SHERIOL THIRTY - TWO LIMITED |
| The following reproduces the text of the report prepared for the directors in respect of the company's annual |
| unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five) |
| have been prepared. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
| financial statements of Sheriol Thirty - Two Limited for the year ended 31 October 2013 which comprise the Profit and |
| Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information |
| and explanations you have given us. |
| As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to |
| its ethical and other professional requirements which are detailed at icaew.com/membershandbook. |
| This report is made solely to the Board of Directors of Sheriol Thirty - Two Limited, as a body, in accordance with our |
| terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of |
| Sheriol Thirty - Two Limited and state those matters that we have agreed to state to the Board of Directors of Sheriol |
| Thirty - Two Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the |
| fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its |
| Board of Directors, as a body, for our work or for this report. |
| It is your duty to ensure that Sheriol Thirty - Two Limited has kept adequate accounting records and to prepare statutory |
| financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Sheriol Thirty - |
| Two Limited. You consider that Sheriol Thirty - Two Limited is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the financial statements of Sheriol Thirty - Two Limited. |
| For this reason, we have not verified the accuracy or completeness of the accounting records or information and |
| explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
| Chartered Accountants |
| Date: ............................................. |