Clarendon House Properties Limited - Period Ending 2014-04-30

Registration number: 01888034

Clarendon House Properties Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 April 2014
 

EK Williams
1 Pavilion Square
Cricketers Way
Westhoughton
Bolton
BL5 3AJ

Clarendon House Properties Limited
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 4

Clarendon House Properties Limited
(Registration number: 01888034)
Abbreviated Balance Sheet at 30 April 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets					836,121			836,121
Current assets
Cash at bank and in hand					14,252			4,601
Creditors: Amounts falling due within one year					(41,928)			(53,608)
Net current liabilities					(27,676)			(49,007)
Net assets					808,445			787,114
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					808,345			787,014
Shareholders' funds					808,445			787,114

For the year ending 30 April 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 notes on pages 3 to 4 form an integral part of these financial statements.
Page 1

Clarendon House Properties Limited
(Registration number: 01888034)
Abbreviated Balance Sheet at 30 April 2014
......... continued

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 2 May 2014 and signed on its behalf by:

.........................................
Mr J W Milford
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Clarendon House Properties Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 and estimated residual value, over their expected useful economic life.

Asset class	Depreciation method and rate
Other tangible fixed assets	None at present

Investment properties

Certain of the company's properties are held for long-term investment. Investment properties are accounted for in accordance with the FRSSE, as follows: No depreciation is provided in respect of investment properties and they are revalued annually. The surplus or deficit on revaluation is transferred to the revaluation reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year. This treatment as regards the company's investment properties may be a departure from the requirements of the Companies Act concerning the depreciation of fixed assets. However, these properties are not held for consumption but for investment and the directors consider that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

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.

Page 3

Clarendon House Properties Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2014
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 May 2013		836,121			836,121
At 30 April 2014		836,121			836,121
Depreciation
At 30 April 2014		-			-
Net book value
At 30 April 2014		836,121			836,121
At 30 April 2013		836,121			836,121

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary of £1 each		100			100			100			100

4	Related party transactions

Directors' advances and credits

	2014 Advance/ Credit £	2014 Repaid £	2013 Advance/ Credit £	2013 Repaid £
Mr J W Milford
Amount owed to the director by the company	17,576	-	25,089	-
Mrs P Milford
Monies owed to the director by the company	17,576	-	25,089	-

Page 4