Calcot Estates Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 06193306

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2016

FOR

CALCOT ESTATES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

K P Harris

J Dhillon

SECRETARY:

J Dhillon

REGISTERED OFFICE:

Kings Chambers

Queens Cross

High Street

Dudley

West Midlands

DY1 1QT

REGISTERED NUMBER:

06193306

ACCOUNTANTS:

Saxon & Co.

Kings Chambers

Queens Cross

High Street

Dudley

West Midlands

DY1 1QT

CURRENT ASSETS

Stocks

478,900

Debtors

105,449

103,449

Cash at bank

56,220

54,810

640,569

637,159

CREDITORS

Amounts falling due within one year

40,867

63,978

NET CURRENT ASSETS

599,702

573,181

TOTAL ASSETS LESS CURRENT
LIABILITIES

599,702

573,181

CREDITORS

Amounts falling due after more than one
year

2

655,229

637,210

NET LIABILITIES

(55,527

)

(64,029

)

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

(55,529

)

(64,031

)

SHAREHOLDERS' FUNDS

(55,527

)

(64,029

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 31 January 2017 and were signed on its behalf by:

K P Harris - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The directors have arranged alternative funding on the properties during the year. They consider that the value of

the properties currently exceed the value in the balance sheet and the directors are confident that they exceed the

shareholders funds deficiency.

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.

CREDITORS

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

2016

2015

£

Repayable otherwise than by instalments

655,229

637,210

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

2

Ordinary shares

£1

2