Abbreviated Company Accounts - CROSSLEY PROPERTIES LIMITED

CROSSLEY PROPERTIES LIMITED - Company Information

03023104 CROSSLEY PROPERTIES LIMITED 2016-04-30 false 2015-05-01 2016-04-30 true 03023104 2015-05-01 2016-04-30 03023104 2016-04-30 03023104 2015-04-30 03023104 uk-gaap-cd-bus:Director1 2015-05-01 2016-04-30 03023104 uk-gaap-cd-bus:Director2 2015-05-01 2016-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-01 2016-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2016-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-30 iso4217:GBP shares

Registered Number 03023104

CROSSLEY PROPERTIES LIMITED

Abbreviated Accounts

30 April 2016

CROSSLEY PROPERTIES LIMITED Registered Number 03023104

Abbreviated Balance Sheet as at 30 April 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	2,566,318	2,260,357
		2,566,318	2,260,357
Current assets
Debtors		-	5,000
Cash at bank and in hand		-	255,353
		-	260,353
Creditors: amounts falling due within one year	3	(143,582)	(143,772)
Net current assets (liabilities)		(143,582)	116,581
Total assets less current liabilities		2,422,736	2,376,938
Creditors: amounts falling due after more than one year	3	(1,337,697)	(1,369,638)
Provisions for liabilities		(392)	(295)
Total net assets (liabilities)		1,084,647	1,007,005
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		1,084,547	1,006,905
Shareholders' funds		1,084,647	1,007,005

For the year ending 30 April 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 12 January 2017

And signed on their behalf by:
Christopher J. Kelly, Director

CROSSLEY PROPERTIES LIMITED Registered Number 03023104

Notes to the Abbreviated Accounts for the period ended 30 April 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 January 2015.

Turnover policy
Turnover represents amounts receivable for rents.

Tangible assets depreciation policy
Fixtures, fittings & equipment 25% on cost
Motor vehicles 25% on cost
No depreciation is provided on investment properties in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015 ). However this treatment is in contravention of the Companies Act 2006 and the depreciation that should be charged amounts to £ 51,287 (2015 - £45,223).

The accounts include the investment properties at cost and not at open market value. In the directors opinion the market value of the freehold property is worth in excess of its book value.

Other accounting policies
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).

2Tangible fixed assets

	£
Cost
At 1 May 2015	2,276,797
Additions	307,159
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2016	2,583,956
Depreciation
At 1 May 2015	16,440
Charge for the year	1,198
On disposals	-
At 30 April 2016	17,638
Net book values
At 30 April 2016	2,566,318
At 30 April 2015	2,260,357

3Creditors

	2016 £	2015 £
Secured Debts	1,426,192	1,457,224
Instalment debts due after 5 years	380,000	412,637
Non-instalment debts due after 5 years	850,000	850,000

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100