Carisbrooke Investments General Partner - Dormant company accounts 11.6
Carisbrooke Investments General Partner - Dormant company accounts 11.6
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2014 |
FOR |
CARISBROOKE INVESTMENTS GENERAL PARTNER |
LIMITED |
CARISBROOKE INVESTMENTS GENERAL PARTNER |
LIMITED (REGISTERED NUMBER: 03818306) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2014 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
CARISBROOKE INVESTMENTS GENERAL PARTNER |
LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2014 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
CARISBROOKE INVESTMENTS GENERAL PARTNER |
LIMITED (REGISTERED NUMBER: 03818306) |
BALANCE SHEET |
31 MARCH 2014 |
2014 | 2013 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 2 |
CURRENT ASSETS |
Debtors |
CREDITORS |
Amounts falling due within one year |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 3 |
Profit and loss account | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
The director acknowledges his 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 financial statements were approved by the director on |
CARISBROOKE INVESTMENTS GENERAL PARTNER |
LIMITED (REGISTERED NUMBER: 03818306) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2014 |
1. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The entity is part of a group of entities ('group companies'), that are subject to common control by virtue of the |
common key management team and common beneficial ownership (the latter being referred to as 'ultimate |
beneficiaries'), which includes, but is not limited to, Carisbrooke Investments Limited Partnership, Carisbrooke |
Investments General Partner Limited, Carisbrooke Arkle Limited Liability Partnership and the Aurora Bedworth |
Limited Partnership. The overall indebtedness of these entities and the cross guarantees entered into by them |
mean that in effect this entity is a going concern only if all the entities under common control are a going |
concern, given that the recoverability of the debtors of this entity, and hence the ability of the entity to settle its |
debts as they fall due, relies upon the financial performance of these entities under common control. The loan is |
in default, is therefore repayable on demand at the option of the lender, and is secured on the properties to which |
it relates. |
The financial statements of the entity and of the group companies have not been prepared on a going concern |
basis. This is on the basis that funds generated from the operations of the entities are, in principle, due to the |
bank in full as a consequence of the loans being in default and repayable on demand at the option of the lender. |
At present the bank is permitting the directors to utilise an appropriate proportion of these funds (after interest |
payments) to meet the day to day obligations of the group. However the Directors and/or General Partners of the |
group companies are of the opinion that they cannot conclude with reasonable certainty that the bank will |
continue to do so for the foreseeable future, nor that the funds made available in such a way can meet the |
obligations of the group companies as and when they fall due. Accordingly these financial statements are drawn |
up on a break up basis. Appropriate adjustments have been made to the carrying values of assets and liabilities |
to reflect this basis of preparation. |
Accounting convention |
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). |
The company was dormant throughout the current year and previous year. |
Preparation of consolidated financial statements |
The financial statements contain information about Carisbrooke Investments General Partner Limited as an |
individual company and do not contain consolidated financial information as the parent of a group. The company |
has taken the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial |
statements. |
Exemption from preparing a cash flow statement |
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a |
small company. |
Investments |
Investments are stated at cost less provision for impairment. |
2. | FIXED ASSET INVESTMENTS |
Investments (neither listed nor unlisted) were as follows: |
2014 | 2013 |
£ | £ |
Capital contribution | 10 | 10 |
CARISBROOKE INVESTMENTS GENERAL PARTNER |
LIMITED (REGISTERED NUMBER: 03818306) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2014 |
2. | FIXED ASSET INVESTMENTS - continued |
The company holds a minority interest in Carisbrooke Investments Limited Partnership, an investment |
partnership, who's registered office is 22 Grosvenor Square, London, W1X 0DT. |
The partnership is a subsidiary undertaking due to the management role performed by Carisbrooke Investments |
General Partner Limited. |
A copy of the Carisbrooke Investments Limited Partnerships accounts have been appended to the accounts of |
Carisbrooke Investments General Partner Limited that are filed with the Registrar of Companies. |
3. | CALLED UP SHARE CAPITAL |
Allotted and issued: |
Number: | Class: | Nominal | 2014 | 2013 |
value: | £ | £ |
A Ordinary shares | £1 |
B Ordinary shares | £1 |
C Ordinary shares | £1 |
200 | 200 |
The different classes of shares all rank equally for voting and rights to profit distribution. |
4. | ULTIMATE PARENT COMPANY |
The company is a subsidiary undertaking of Precis (1794) Limited and Precis (1795) Limited. |