Calcot Estates Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 06193306 (England and Wales)

Abbreviated Accounts

for the Year Ended 31 March 2014

for

Calcot Estates Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

J Dhillon

K P Harris

SECRETARY:

J Dhillon

REGISTERED OFFICE:

3 Hagley Court North

The Waterfront

Dudley

West Midlands

DY5 1XF

REGISTERED NUMBER:

06193306 (England and Wales)

ACCOUNTANTS:

Cox & Co

3 Hagley Court North

The Waterfront

Dudley

West Midlands

DY5 1XF

CURRENT ASSETS

Stocks

478,900

478,900

Debtors

90,092

118,528

Cash at bank

1,030

2,432

570,022

599,860

CREDITORS

Amounts falling due within one year

(65,858

)

(59,903

)

NET CURRENT ASSETS

504,164

539,957

TOTAL ASSETS LESS CURRENT LIABILITIES

504,164

539,957

CREDITORS

Amounts falling due after more than one year

2

(579,339

)

(617,175

)

NET LIABILITIES

(75,175

)

(77,218

)

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

(75,177

)

(77,220

)

SHAREHOLDERS' FUNDS

(75,175

)

(77,218

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 15 December 2014 and were signed on its behalf by:

K P Harris - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The directors have arranged alternative funding on the properties during the year. They consider that the value

of the properties currently exceed the value in the balance sheet and the directors are confident that they exceed

the shareholders funds deficiency.

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).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.

CREDITORS

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

31.3.14

31.3.13

£

£

Repayable otherwise than by instalments

579,339

617,175

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

2

Ordinary shares

£1

2

2

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 31 March 2014 the directors owe the company £10,548 (2013 - £43,087). Interest of 4% has been charged

on the balance.