ACCOUNTS - Final Accounts preparation

ACCOUNTS - Final Accounts preparation

CROFT PARTNERS CAPITAL LIMITED - Company Information

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05881145 CROFT PARTNERS CAPITAL LIMITED 2013-08-01 2014-07-31 false true 2014-07-31 05881145 2013-08-01 2014-07-31 05881145 2014-07-31 05881145 2013-07-31 05881145 c:FixturesFittingsToolsEquipment 2013-08-01 2014-07-31 05881145 d:OrdinaryShareClass1 2014-07-31 05881145 d:OrdinaryShareClass1 2013-07-31 05881145 d:OrdinaryShareClass1 2013-08-01 2014-07-31 05881145 d:Director1 2013-08-01 2014-07-31 05881145 d:EntityAccountantsOrAuditors 2014-07-31 05881145 d:EntityAccountantsOrAuditors 2013-08-01 2014-07-31 xbrli:shares iso4217:GBP

Registered number: 05881145








CROFT PARTNERS CAPITAL LIMITED







UNAUDITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2014































BAGINSKY COHEN

CHARTERED ACCOUNTANTS
 
CROFT PARTNERS CAPITAL LIMITED
 
 
The following reproduces the text of the Chartered accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF CROFT PARTNERS CAPITAL LIMITED
FOR THE YEAR 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 financial statements of Croft Partners Capital Limited for the year ended 31 July 2014 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 to us.
 

As a 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/regulations.


This report is made solely to the Board of directors of Croft Partners Capital 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 financial statements of Croft Partners Capital Limited and state those matters that we have agreed to state to the Board of directors of Croft Partners Capital 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 Croft Partners Capital Limited and its Board of directors, as a body, for our work or for this report.
 
 
It is your duty to ensure that Croft Partners Capital Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the company's assets, liabilities, financial position and profit. You consider that Croft Partners Capital Limited is exempt from the statutory audit requirement for the year.
 
 
We have not been instructed to carry out an audit or review of the financial statements of Croft Partners Capital 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.





BAGINSKY COHEN
CHARTERED ACCOUNTANTS
930 HIGH ROAD
LONDON
N12 9RT

8 December 2014
Page 1
 
CROFT PARTNERS CAPITAL LIMITED
REGISTERED NUMBER: 05881145

ABBREVIATED BALANCE SHEET
AS AT 31 JULY 2014

2014
2013
Note
£
£
£
£
 
FIXED ASSETS





 
Tangible assets
 
2
5,338
4,844
 
CURRENT ASSETS





 
Debtors
823,018
763,889

 
Cash at bank

313,053
473,192







 
1,136,071
1,237,081
 
CREDITORS: amounts falling due within one year
(109,974)
(235,475)
 
NET CURRENT ASSETS


1,026,097

1,001,606
 
NET ASSETS
 1,031,435

 1,006,450
  
CAPITAL AND RESERVES

 
Called up share capital
3
4
4
 
Profit and loss account
1,031,431
1,006,446
 
SHAREHOLDERS' FUNDS
 

 1,031,435

 1,006,450


The directors consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act. 

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The abbreviated accounts, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf by: 




S. BRADDOCK
Director

Date: 8 December 2014

The notes on pages 3 to 4 form part of these financial statements.

Page 2

 
CROFT PARTNERS CAPITAL LIMITED
 
 
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2014

1.ACCOUNTING POLICIES

1.1
Basis of preparation of financial statements

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with applicable accounting standards.

1.2
Operating leases

Rentals under operating leases are charged to the Profit and loss account on a straight line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the period until the date the rent is expected to be adjusted to the prevailing market rate.

1.3
Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation.  Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Furniture, fittings and equipment
-
25% straight line

1.4
Turnover

Turnover comprises revenue recognised by the company in respect of services supplied during the year, exclusive of Value Added Tax.


2.TANGIBLE FIXED ASSETS



£


Cost 


At 1 August 2013
25,053

Additions
6,757


At 31 July 2014

31,810



Depreciation


At 1 August 2013
20,209

Charge for the year
6,263


At 31 July 2014

26,472




Net book value


At 31 July 2014
 5,338


At 31 July 2013

 4,844

Page 3

 
CROFT PARTNERS CAPITAL LIMITED
 
 
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2014

3.SHARE CAPITAL

        2014
        2013
        £

        £

Allotted, called up and fully paid



4 Ordinary shares of £1 each
 4
 4

Page 4