Cresent Properties (UK) Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 06264869 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST MAY 2016

FOR

CRESENT PROPERTIES (UK) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

J P Jones

SECRETARY:

Mrs B B Jones

REGISTERED OFFICE:

C/O Vinings Limited

Grafton House

Bullshead Yard

Alcester

Warwickshire

B49 5BX

REGISTERED NUMBER:

06264869 (England and Wales)

ACCOUNTANTS:

Vinings Limited

Chartered Certified Accountants

Grafton House

Bulls Head Yard

Alcester

Warwickshire

B49 5BX

FIXED ASSETS

Tangible assets

2

394

238

Investment property

3

896,000

906,000

896,394

906,238

CURRENT ASSETS

Debtors

1,803

-

Cash at bank

2,856

5,022

4,659

5,022

CREDITORS

Amounts falling due within one year

135,951

134,624

NET CURRENT LIABILITIES

(131,292

)

(129,602

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

765,102

776,636

CREDITORS

Amounts falling due after more than one
year

582,171

595,255

NET ASSETS

182,931

181,381

CAPITAL AND RESERVES

Called up share capital

4

2

Revaluation reserve

144,934

154,934

Profit and loss account

37,995

26,445

SHAREHOLDERS' FUNDS

182,931

181,381

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 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 28th February 2017 and were signed by:

J P Jones - 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).

TANGIBLE FIXED ASSETS

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

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

INVESTMENT PROPERTY

Included within fixed assets are freehold investment properties. In accordance with accounting standards,

investment properties are stated at open market value without any deduction for depreciation.

Changes in the market value of investment properties are taken to total recognised gains and losses included in

the notes to the accounts.

DEFERRED TAX

Provision is made at current rates for taxation deferred in respect of all material timing differences except to the

extent that, in the opinion of the director, there is reasonable probability that the liability will not arise in the

foreseeable future.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st June 2015

3,151

Additions

379

At 31st May 2016

3,530

DEPRECIATION

At 1st June 2015

2,913

Charge for year

223

At 31st May 2016

3,136

NET BOOK VALUE

At 31st May 2016

394

At 31st May 2015

238

3.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1st June 2015

906,000

Revaluations

(10,000

)

At 31st May 2016

896,000

NET BOOK VALUE

At 31st May 2016

896,000

At 31st May 2015

906,000

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.16

31.5.15

value:

£

2

Ordinary

£1

2