Culverton Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 03311971 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 June 2016

for

Culverton Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr. P Gaynor

SECRETARY:

Mr. P Gaynor

REGISTERED OFFICE:

Milland House

Milland

Liphook

West Sussex

GU30 7JN

REGISTERED NUMBER:

03311971 (England and Wales)

ACCOUNTANTS:

Rothman Pantall LLP

32 Dragon Street

Petersfield

Hampshire

GU31 4JJ

FIXED ASSETS

Investment property

2

835,000

CURRENT ASSETS

Debtors

226,568

211,842

Cash at bank

1,177

3,164

227,745

215,006

CREDITORS

Amounts falling due within one year

8,155

6,263

NET CURRENT ASSETS

219,590

208,743

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,054,590

1,043,743

CREDITORS

Amounts falling due after more than
one year

3

344,491

NET ASSETS

710,099

699,252

CAPITAL AND RESERVES

Called up share capital

4

1,000

Revaluation reserve

505,824

Profit and loss account

203,275

192,428

SHAREHOLDERS' FUNDS

710,099

699,252

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 21 December 2016 and were signed by:

Mr. P Gaynor - Director

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 January 2015).

Turnover

Turnover is comprised of rental income from residential properties.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit

arising from changes in market value is transferred to a revaluation reserve.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

2.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 July 2015

and 30 June 2016

835,000

NET BOOK VALUE

At 30 June 2016

835,000

At 30 June 2015

835,000

3.

CREDITORS

Creditors include an amount of £ 299,000 (30.6.15 - £ 299,000 ) for which security has been

given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.16

30.6.15

value:

£

1,000

Ordinary

1

1,000

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at 30th June 2016 the company owed Mr P S Gaynor, the sole director of the company,

£45,491 (2015: 45,491).