| Capital Reserve Management Limited |
|
| Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of Capital Reserve Management Limited for the year ended 31 July 2016 |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Capital Reserve Management Limited for the year ended 31 July 2016 which comprise of 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, we are subject to its ethical and other professional requirements which are detailed at
icaew.com/membershandbook. |
| This report is made solely to the Board of Directors of Capital Reserve Management Limited, as a body, in accordance with the terms of our engagement letter dated 20 April 2011. Our work has been undertaken solely to prepare for your approval the accounts of Capital Reserve Management Limited and state those matters that we have agreed to state to the Board of Directors of Capital Reserve Management Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Capital Reserve Management Limited and its Board of Directors as a body for our work or for this report. |
| It is your duty to ensure that Capital Reserve Management Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Capital Reserve Management Limited. You consider that Capital Reserve Management 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 accounts of Capital Reserve Management 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 abbreviated accounts. |
|
| M J Roberts Associates Ltd |
| Chartered Accountants |
| First Floor, Regency House |
| Kings Place |
| Buckhurst Hill |
| Essex |
| IG9 5EB |
|
| 27 April 2017 |
|
| Capital Reserve Management Limited |
| Registered number: |
06635512 |
| Abbreviated Balance Sheet |
| as at 31 July 2016 |
|
| Notes |
|
|
2016 |
|
|
2015 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
2 |
|
|
510 |
|
|
1,020 |
| Tangible assets |
3 |
|
|
252 |
|
|
436 |
| Investments |
4 |
|
|
156,000 |
|
|
269,251 |
|
|
|
|
156,762 |
|
|
270,707 |
|
| Current assets |
| Debtors |
|
|
20,585 |
|
|
10,395 |
| Cash at bank and in hand |
|
|
(149) |
|
|
(14) |
|
|
|
20,436 |
|
|
10,381 |
|
| Creditors: amounts falling due within one year |
|
|
(161,031) |
|
|
(266,097) |
|
| Net current liabilities |
|
|
|
(140,595) |
|
|
(255,716) |
|
| Net assets |
|
|
|
16,167 |
|
|
14,991 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
5 |
|
|
10,001 |
|
|
10,001 |
| Profit and loss account |
|
|
|
6,166 |
|
|
4,990 |
|
| Shareholder's funds |
|
|
|
16,167 |
|
|
14,991 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| C Rayne |
| Director |
| Approved by the board on 27 April 2017 |
|
| Capital Reserve Management Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 31 July 2016 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts 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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
20% reducing balance |
|
Motor vehicles |
25% straight line |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
| 2 |
Intangible fixed assets |
£ |
|
|
Cost |
|
At 1 August 2015 |
2,548 |
|
At 31 July 2016 |
2,548 |
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 August 2015 |
1,528 |
|
Provided during the year |
510 |
|
At 31 July 2016 |
2,038 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 July 2016 |
510 |
|
At 31 July 2015 |
1,020 |
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 August 2015 |
924 |
|
At 31 July 2016 |
924 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 August 2015 |
488 |
|
Charge for the year |
184 |
|
At 31 July 2016 |
672 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 July 2016 |
252 |
|
At 31 July 2015 |
436 |
|
|
|
|
|
|
|
|
| 4 |
Investments |
£ |
|
|
Cost |
|
At 1 August 2015 |
269,251 |
|
Disposals |
(113,251) |
|
|
At 31 July 2016 |
156,000 |
|
|
|
|
|
|
|
| 5 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
10,001 |
|
10,001 |
|
10,001 |
|
|
|
|
|
|
|
|
|
