Crossmill Securities Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 01053541 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

FOR

CROSSMILL SECURITIES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Chartered Accountants' Report

5

DIRECTORS:

Miss J Phillips

P A M Phillips

Ms S A M Phillips

SECRETARY:

P A M Phillips

REGISTERED OFFICE:

1 Brampton Lane

HENDON

London

NW4 4AB

REGISTERED NUMBER:

01053541 (England and Wales)

ACCOUNTANTS:

KBSP Partners LLP

Chartered Accountants

Harben House

Harben Parade

Finchley Road

LONDON

NW3 6LH

FIXED ASSETS

Investments

2

500

CURRENT ASSETS

Stocks

697,422

Debtors

679,891

598,236

Cash at bank

20,134

20,161

1,397,447

1,315,819

CREDITORS

Amounts falling due within one year

405,554

362,345

NET CURRENT ASSETS

991,893

953,474

TOTAL ASSETS LESS CURRENT
LIABILITIES

992,393

953,974

CAPITAL AND RESERVES

Called up share capital

3

15,550

Share premium

549,450

Profit and loss account

427,393

388,974

SHAREHOLDERS' FUNDS

992,393

953,974

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 14 March 2017 and were signed on its behalf by:

P A M Phillips - Director

1.	ACCOUNTING POLICIES

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).

Preparation of consolidated financial statements

The financial statements contain information about Crossmill Securities Limited as an individual company and do

not contain consolidated financial information as the parent of a group. The company has taken the option under

Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Stocks

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

moving items.

Fixed assets investments

Fixed assets investments are stated at cost less provision for diminution in value.

2.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 July 2015

and 30 June 2016

555,000

PROVISIONS

At 1 July 2015

and 30 June 2016

554,500

NET BOOK VALUE

At 30 June 2016

500

At 30 June 2015

500

The company's investments at the Balance Sheet date in the share capital of companies include the following:

A.F. Heath & Co. (Builders) Limited

Nature of business: Property dealing

%

Class of shares:

holding

Ordinary £0.05

100.00

2016

2015

£

Aggregate capital and reserves

500

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

15,550

Ordinary

£1

15,550

4.	RELATED PARTY DISCLOSURES

Included in creditors is an amount of £500 (2015: £500) due to A. F. Heath & Co. (Builders) Limited, a wholly

owned subsidiary. Also included in creditors is an amount of £346,066 (2015: £314,466) due to P.P. Investments

Limited and £5,000 (2015: £5000) due to Philip Phillips & Co limited.

Included in debtors is an amount of £662,269 (2015: £591,359) due from Management Investments Limited.

The directors of the company have material interests in the above companies.

During the year, total interim dividends of £20,000 were paid to directors and shareholders.

5.

CONTROL

The company was jointly controlled by its directors throughout both current and previous year.

The following reproduces the text of the report prepared for the directors in respect of the company's

annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages

two to four) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Crossmill Securities Limited for the year ended 30 June 2016 which comprise the Profit and Loss

Account, the Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Crossmill Securities Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Crossmill Securities Limited and state those matters that we have agreed to state to the Board of Directors of Crossmill Securities Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Crossmill Securities Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Crossmill Securities Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Crossmill Securities Limited. You consider that Crossmill Securities Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Crossmill Securities Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

KBSP Partners LLP

Chartered Accountants

Harben House

Harben Parade

Finchley Road

LONDON

NW3 6LH

17 March 2017