Cadastre Limited - Period Ending 2014-07-31

Registration number: 08601197

Cadastre Limited

Annual Report and Unaudited Financial Statements

for the Period from 8 July 2013 to 31 July 2014

 

Stewarts Accountants Limited
271 High Street
Berkhamsted
Herts
HP4 1AA

Cadastre Limited
Contents

Company Information 1

Director's Report 2

Accountants' Report 3

Profit and Loss Account 4

Balance Sheet 5

Notes to the Financial Statements 6 to 8

Cadastre Limited
Company Information

Director

Nicholas James Morris Heath

Registered office

271 High Street Berkhamsted Herts HP4 1AA

Accountants

Stewarts Accountants Limited 271 High Street Berkhamsted Herts HP4 1AA

Page 1

Cadastre Limited
Director's Report for the Period from 8 July 2013 to 31 July 2014

The director presents his report and the unaudited financial statements for the period from 8 July 2013 to 31 July 2014.

Incorporation

The company was incorporated and commenced trading on 8 July 2013 .

Director of the company

The director who held office during the period was as follows:

Nicholas James Morris Heath (appointed 8 July 2013)

Small company provisions

This report has been prepared in accordance with the small companies regime under the Companies Act 2006.

Approved by the Board on 13 October 2014 and signed on its behalf by:

.........................................
Nicholas James Morris Heath
Director

Page 2

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Cadastre Limited
for the Period Ended 31 July 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Cadastre Limited for the period ended 31 July 2014 set out on pages 4 to 8 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 at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Cadastre Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Cadastre Limited and state those matters that we have agreed to state to them, 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 Cadastre Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Cadastre 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 Cadastre Limited. You consider that Cadastre Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Cadastre 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 accounts.

......................................

Stewarts Accountants Limited
271 High Street
Berkhamsted
Herts
HP4 1AA

13 October 2014

Page 3

Cadastre Limited
Profit and Loss Account for the Period from 8 July 2013 to 31 July 2014

		Note			8 July 2013 to 31 July 2014 £
Turnover					36,277
Administrative expenses					(13,794)
Operating profit		2			22,483
Profit on ordinary activities before taxation					22,483
Tax on profit on ordinary activities		4			(4,269)
Profit for the financial period		10			18,214

The notes on pages 6 to 8 form an integral part of these financial statements.
Page 4

Cadastre Limited
(Registration number: 08601197)
Balance Sheet at 31 July 2014

		Note			31 July 2014 £
Fixed assets
Tangible fixed assets		5			1,138
Current assets
Debtors		6			1,391
Cash at bank and in hand					4,725
					6,116
Creditors: Amounts falling due within one year		7			(7,039)
Net current liabilities					(923)
Net assets					215
Capital and reserves
Called up share capital		8			1
Profit and loss account		10			214
Shareholders' funds					215

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

For the year ending 31 July 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

Approved and authorised for issue by the director on 13 October 2014

.........................................
Nicholas James Morris Heath
Director

The notes on pages 6 to 8 form an integral part of these financial statements.
Page 5

Cadastre Limited
Notes to the Financial Statements for the Period from 8 July 2013 to 31 July 2014
......... continued

1	Accounting policies

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	25% reducing balance

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Operating profit

Operating profit is stated after charging:

		8 July 2013 to 31 July 2014 £
Depreciation of tangible fixed assets		378

3	Director's remuneration

The director's remuneration for the period was as follows:

		8 July 2013 to 31 July 2014 £
Remuneration		4,593

Page 6

Cadastre Limited
Notes to the Financial Statements for the Period from 8 July 2013 to 31 July 2014
......... continued

4

Taxation

Tax on profit on ordinary activities

		8 July 2013 to 31 July 2014 £
Current tax
Corporation tax charge		4,269

5	Tangible fixed assets

		Office equipment £			Total £
Cost or valuation
Additions		1,516			1,516
Depreciation
Charge for the period		378			378
Net book value
At 31 July 2014		1,138			1,138

6

Debtors

		31 July 2014 £
Trade debtors		1,391

7	Creditors: Amounts falling due within one year

		31 July 2014 £
Corporation tax		4,269
Other creditors		2,770
		7,039

Page 7

Cadastre Limited
Notes to the Financial Statements for the Period from 8 July 2013 to 31 July 2014
......... continued

8	Share capital

Allotted, called up and fully paid shares

	31 July 2014
		No.			£
Ordinary share of £1 each		1			1

9

Dividends

		31 July 2014 £
Dividends paid
Current period interim dividend paid		18,000

10

Reserves

		Profit and loss account £			Total £
Profit for the period		18,214			18,214
Dividends		(18,000)			(18,000)
At 31 July 2014		214			214

11	Related party transactions

Other related party transactions

During the period the company made the following related party transactions:

Nicholas Heath (Director / Shareholder) During the year the company paid dividends of £18,000 to Nicholas Heath. At the balance sheet date the amount due to Nicholas Heath was £2,770.

12

Control

The company is controlled by the director who owns 0% of the called up share capital.

Page 8