Cranbray Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 01538872

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

FOR

CRANBRAY LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

M R Conrathe

Mrs J R Conrathe

SECRETARY:

Mrs J R Conrathe

REGISTERED OFFICE:

Woodlands

Calthorpe Street

Ingham

Norwich

NR12 9TF

REGISTERED NUMBER:

01538872

ACCOUNTANTS:

Skingle Helps & Co

28 Southway

Carshalton Beeches

Surrey

SM5 4HW

FIXED ASSETS

Tangible assets

2

398

530

Investment property

3

3,750,000

2,250,000

3,750,398

2,250,530

CURRENT ASSETS

Debtors

16,986

6,509

Cash at bank

125,755

106,244

142,741

112,753

CREDITORS

Amounts falling due within one year

4

248,604

120,672

NET CURRENT LIABILITIES

(105,863

)

(7,919

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,644,535

2,242,611

CREDITORS

Amounts falling due after more than one
year

4

118,500

212,790

NET ASSETS

3,526,035

2,029,821

CAPITAL AND RESERVES

Called up share capital

5

100

Revaluation reserve

2,791,261

1,291,261

Capital reserve

121,875

Profit and loss account

612,799

616,585

SHAREHOLDERS' FUNDS

3,526,035

2,029,821

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 30 November 2016 and were signed on its behalf
by:

M R Conrathe - 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 represents rents and other property income receivable during the year.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

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.

No depreciation is provided for in respect of investment properties in accordance with the Financial Reporting

Standard for Smaller Entities (effective January 2015). Such properties are held for their investment potential

and not for consumption within the business. This is a departure from the Companies Act 2006 which requires all

properties to be depreciated and the directors consider that to depreciate them would not enable the financial

statements to give a true and fair view. Investment properties are stated at their market value at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

and 30 April 2016

7,785

DEPRECIATION

At 1 May 2015

7,255

Charge for year

132

At 30 April 2016

7,387

NET BOOK VALUE

At 30 April 2016

398

At 30 April 2015

530

3.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 May 2015

2,250,000

Revaluations

1,500,000

At 30 April 2016

3,750,000

NET BOOK VALUE

At 30 April 2016

3,750,000

At 30 April 2015

2,250,000

4.

CREDITORS

Creditors include an amount of £ 148,606 (2015 - £ 177,923 ) for which security has been given.

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

2016

2015

£

Repayable by instalments

3,215

21,905

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1

100