Cameron Close Management Ltd Small abridged accounts

Cameron Close Management Ltd Small abridged accounts

CAMERON CLOSE MANAGEMENT LTD - Company Information

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Statement of Consent to Prepare Abridged Financial Statements
All of the members of Cameron Close Management Ltd have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the year ending 30 April 2017 in accordance with Section 444(2A) of the Companies Act 2006.
COMPANY REGISTRATION NUMBER: 03547297
Cameron Close Management Ltd
Filleted Unaudited Abridged Financial Statements
30 April 2017
Cameron Close Management Ltd
Abridged Financial Statements
Year ended 30 April 2017
Contents
Page
Abridged statement of financial position
1
Statement of changes in equity
2
Notes to the abridged financial statements
3
Cameron Close Management Ltd
Abridged Statement of Financial Position
30 April 2017
2017
2016
Note
£
£
£
Fixed assets
Tangible assets
4
12
12
Current assets
Cash at bank and in hand
3,886
3,883
Creditors: amounts falling due within one year
–
299
-------
-------
Net current assets
3,886
3,584
-------
-------
Total assets less current liabilities
3,898
3,596
-------
-------
Capital and reserves
Called up share capital
12
11
Profit and loss account
3,886
3,585
-------
-------
Shareholders funds
3,898
3,596
-------
-------
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.
For the year ending 30 April 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .
These abridged financial statements were approved by the board of directors and authorised for issue on 9 January 2018 , and are signed on behalf of the board by:
Miss S Tringalas
Director
Company registration number: 03547297
Cameron Close Management Ltd
Statement of Changes in Equity
Year ended 30 April 2017
Called up share capital
Profit and loss account
Total
£
£
£
At 1 May 2015
11
3,584
3,595
Profit for the year
1
1
----
-------
-------
Total comprehensive income for the year
–
1
1
At 30 April 2016
11
3,585
3,596
Profit for the year
301
301
----
-------
-------
Total comprehensive income for the year
–
301
301
Issue of shares
1
–
1
----
----
----
Total investments by and distributions to owners
1
–
1
----
-------
-------
At 30 April 2017
12
3,886
3,898
----
-------
-------
Cameron Close Management Ltd
Notes to the Abridged Financial Statements
Year ended 30 April 2017
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is First Floor Lumiere, Elstree Way, Borehamwood, Hertfordshire, WD61JH.
2. Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Transition to FRS 102
The entity transitioned from previous UK GAAP to FRS 102 as at 1 May 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 5.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
4. Tangible assets
£
Cost
At 1 May 2016 and 30 April 2017
12
----
Depreciation
At 1 May 2016 and 30 April 2017
–
----
Carrying amount
At 30 April 2017
12
----
At 30 April 2016
12
----
5. Transition to FRS 102
These are the first abridged financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 May 2015.
No transitional adjustments were required in equity or profit or loss for the year.