Clevemond Limited - Limited company - abbreviated - 11.0.0

Clevemond Limited - Limited company - abbreviated - 11.0.0

CLEVEMOND LIMITED - Company Information

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REGISTERED NUMBER: 05363621 (England and Wales)















Abbreviated Unaudited Accounts

for the Year Ended

31 January 2014

for

Clevemond Limited

Clevemond Limited (Registered number: 05363621)






Contents of the Abbreviated Accounts
for the Year Ended 31 January 2014




Page

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2

Clevemond Limited (Registered number: 05363621)

Abbreviated Balance Sheet
31 January 2014

31/1/14 31/1/13
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 152 300
Investment property 3 380,000 360,000
380,152 360,300

CURRENT ASSETS
Debtors 6,173 3,190
Cash at bank 1,204 1,790
7,377 4,980
CREDITORS
Amounts falling due within one year 84,621 89,146
NET CURRENT LIABILITIES (77,244 ) (84,166 )
TOTAL ASSETS LESS CURRENT LIABILITIES 302,908 276,134

CREDITORS
Amounts falling due after more than one year 4 297,202 297,245
NET ASSETS/(LIABILITIES) 5,706 (21,111 )

CAPITAL AND RESERVES
Called up share capital 5 2 2
Revaluation reserve 24,766 4,766
Profit and loss account (19,062 ) (25,879 )
SHAREHOLDERS' FUNDS 5,706 (21,111 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2014 in accordance with Section 476 of the Companies Act 2006.

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 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 Board of Directors on 22 October 2014 and were signed on its behalf by:




Dr M M Patel - Director


The notes form part of these abbreviated accounts

Page 1
Clevemond Limited (Registered number: 05363621)

Notes to the Abbreviated Accounts
for the Year Ended 31 January 2014

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on a going concern basis. The financial statements show that the net current
liabilities exceeded the net current assets. The Directors consider it appropriate to prepare the financial statements on a
going concern basis as they believe that the current and future sources of funding or support will be more than adequate for
the company's needs.

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).

Turnover
Turnover represents rents receivable during the period.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Furniture,fixtures & equipment - 25% on cost

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. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 February 2013
and 31 January 2014 5,770
DEPRECIATION
At 1 February 2013 5,470
Charge for year 148
At 31 January 2014 5,618
NET BOOK VALUE
At 31 January 2014 152
At 31 January 2013 300

3. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 February 2013 360,000
Revaluations 20,000
At 31 January 2014 380,000
NET BOOK VALUE
At 31 January 2014 380,000
At 31 January 2013 360,000

Page 2 continued...
Clevemond Limited (Registered number: 05363621)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 January 2014

4. CREDITORS

Creditors include an amount of £ 297,202 (31/1/13 - £ 297,245 ) for which security has been given.

They also include the following debts falling due in more than five years:

31/1/14 31/1/13
£    £   
Repayable by instalments 297,202 297,245

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/1/14 31/1/13
value: £    £   
2 Ordinary £1 2 2

Page 3