Civilmead Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 02073856 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

FOR

CIVILMEAD LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

4

DIRECTORS:

O Pabani

A F Pabani

REGISTERED OFFICE:

151 Plashet Road

Upton Park

London

E13 0RA

REGISTERED NUMBER:

02073856 (England and Wales)

ACCOUNTANTS:

Moore Stephens Northern Home Counties Limited

Nicholas House

River Front

Enfield

Middlesex

EN1 3FG

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 three to five)

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 Civilmead Limited for the year ended 30 September 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 Civilmead 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 Civilmead Limited and state those matters that we have agreed to state to the Board of Directors of Civilmead 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 Civilmead Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Civilmead 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 Civilmead Limited. You consider that Civilmead 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 Civilmead 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.

Moore Stephens Northern Home Counties Limited

Nicholas House

River Front

Enfield

Middlesex

EN1 3FG

30 June 2017

Fixed assets

Tangible assets

2

14,539

17,106

Investment property

3

10,363,965

9,600,499

10,378,504

9,617,605

Current assets

Debtors

4

2,719,209

2,465,594

Cash at bank

63,703

165,348

2,782,912

2,630,942

Creditors

Amounts falling due within one year

(739,962

)

(693,084

)

Net current assets

2,042,950

1,937,858

Total assets less current liabilities

12,421,454

11,555,463

Creditors

Amounts falling due after more than one year

5

(4,358,540

)

(4,523,848

)

Provisions for liabilities

(52,050

)

(49,617

)

Net assets

8,010,864

6,981,998

Capital and reserves

Called up share capital

6

1,250

Share premium

425,189

Revaluation reserve

4,354,242

3,604,242

Profit and loss account

3,230,183

2,951,317

Shareholders' funds

8,010,864

6,981,998

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

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

A F A Pabani - 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).

Turnover

Turnover comprises amounts receivable in respect of the letting of properties during the year net of value added

tax in accordance with applicable accounting standards.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates

calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected

useful lives on the following bases:

Plant & Machinery - 15% Reducing Balance

Investment properties

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

market value is transferred to a revaluation reserve.

Deferred tax

Full provision is made for deferred tax assets and liabilities arising from all timing differences between the

recognition of gains and losses in the financial statements and recognition in the tax computation.

A net deferred tax asset is recognised only if it can be regarded as more likely than not that there will be suitable

taxable profits from which the future reversal of the underlying timing differences can be deducted.

Deferred tax assets and liabilities are calculated at the tax rates expected to be effective at the time the timing

differences are expected to reverse.

Deferred tax assets and liabilities are not discounted.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

and 30 September 2016

66,555

DEPRECIATION

At 1 October 2015

49,449

Charge for year

2,567

At 30 September 2016

52,016

NET BOOK VALUE

At 30 September 2016

14,539

At 30 September 2015

17,106

3.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 October 2015

9,600,499

Additions

13,466

Revaluations

750,000

At 30 September 2016

10,363,965

NET BOOK VALUE

At 30 September 2016

10,363,965

At 30 September 2015

9,600,499

4.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 2,592,745 (30.9.15 - £ 2,414,644 )

5.

CREDITORS

Creditors include the following debts falling due in more than five years:

30.9.16

30.9.15

£

Repayable by instalments

2,470,873

2,584,939

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.16

30.9.15

value:

£

1,250

Ordinary shares

£1

1,250