Crystalcreek Limited Small abbreviated accounts

CRYSTALCREEK LIMITED - Company Information

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COMPANY REGISTRATION NUMBER 04345979

CRYSTALCREEK LIMITED

UNAUDITED ABBREVIATED ACCOUNTS

30 June 2016

BAULF-JAMES

Chartered Accountant

17-19 Station Road West

Oxted

Surrey

RH8 9EE

CRYSTALCREEK LIMITED

ABBREVIATED BALANCE SHEET

30 June 2016

		2016	2015
Note		£	£
FIXED ASSETS	2
Tangible assets		-	-
		----	----

CURRENT ASSETS

Cash at bank and in hand	1,773	4,026

CREDITORS: Amounts falling due within one year	13,935	16,160
	---------	---------
NET CURRENT LIABILITIES	( 12,162)	( 12,134)
	---------	---------
TOTAL ASSETS LESS CURRENT LIABILITIES	( 12,162)	( 12,134)
	---------	---------

CAPITAL AND RESERVES

Called up equity share capital	5	1	1
Profit and loss account		( 12,163)	( 12,135)
		---------	---------
DEFICIT		( 12,162)	( 12,134)
		---------	---------

For the year ended 30 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These abbreviated accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.

These abbreviated accounts were approved and signed by the director and authorised for issue on 10 March 2017 .

T P Burrill Director

Company Registration Number: 04345979

CRYSTALCREEK LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

YEAR ENDED 30 JUNE 2016

1. ACCOUNTING POLICIES

Basis of accounting

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

The turnover shown in the profit and loss account represents amounts invoiced during the year. In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Fixed assets

All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Film asset - no depreciation

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2. FIXED ASSETS

	Tangible Assets
	£

COST

At 1 July 2015 and 30 June 2016	24,226,953
	---------------

DEPRECIATION

At 1 July 2015	24,226,953
	---------------
At 30 June 2016	24,226,953
	---------------

NET BOOK VALUE

At 30 June 2016	–
	----

At 30 June 2015	–
	----

3. LEASE AGREEMENT

A secured bank deposit has been held and ring fenced to cover a lease agreement, such that the principal on deposit will be sufficient to cover the repayment and interest obligations of the lease agreement.

The bank deposit is only to be used to settle the lease liability and cannot be accessed by the company, therefore, neither the deposit or the lease represent a separate asset or liability of the company and have been excluded from the accounts.

4. RELATED PARTY TRANSACTIONS

The company was under the control of Mr Timothy Burrill throughout the current and previous year. Mr Timothy Burrill is the managing director and majority shareholder.

5. SHARE CAPITAL

Allotted, called up and fully paid:

	2016		2015
	No.	£	No.	£
Ordinary shares of £ 1 each	1	1	1	1
	----	----	----	----

6. GOING CONCERN

The accounts are prepared on the going concern basis. The Director confirms he will continue to support the Company throughout the next 12 months.