Claude Goldsmith Group Holdings Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06358066 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31st March 2014

for

CLAUDE GOLDSMITH GROUP

HOLDINGS LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

5

DIRECTOR:

Mr B J Strickland

SECRETARY:

Mr S Cook

REGISTERED OFFICE:

Monometer House

Rectory Grove

Leigh on Sea

Essex

SS9 2HN

REGISTERED NUMBER:

06358066 (England and Wales)

ACCOUNTANTS:

Barrons

Chartered Accountants

Monometer House

Rectory Grove

Leigh on Sea

Essex

SS9 2HN

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three to eight)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Claude Goldsmith Group Holdings Limited for the year ended 31st March 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 us.

As a practising 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/membershandbook.

This report is made solely to the director of Claude Goldsmith Group Holdings Limited in accordance with our terms of

engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Claude

Goldsmith Group Holdings Limited and state those matters that we have agreed to state to the director of Claude

Goldsmith Group Holdings Limited 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 the company and

its director for our work or for this report.

It is your duty to ensure that Claude Goldsmith Group Holdings Limited has kept adequate accounting records and to

prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit

of Claude Goldsmith Group Holdings Limited. You consider that Claude Goldsmith Group Holdings Limited is exempt

from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Claude Goldsmith Group

Holdings 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.

Barrons

Chartered Accountants

Monometer House

Rectory Grove

Leigh on Sea

Essex

SS9 2HN

12th December 2014

FIXED ASSETS

Investments

2

800

800

CURRENT ASSETS

Stocks

2,140,853

2,140,853

Debtors

15,759

11,041

Cash at bank and in hand

6,423

5,706

2,163,035

2,157,600

CREDITORS

Amounts falling due within one year

3

2,096,726

714,714

NET CURRENT ASSETS

66,309

1,442,886

TOTAL ASSETS LESS CURRENT LIABILITIES

67,109

1,443,686

CREDITORS

Amounts falling due after more than one year

3

-

1,395,853

NET ASSETS

67,109

47,833

CAPITAL AND RESERVES

Called up share capital

4

400

400

Profit and loss account

66,709

47,433

SHAREHOLDERS' FUNDS

67,109

47,833

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2014 in accordance with Section 476 of the Companies Act 2006.

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 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 director on 12th December 2014 and were signed by:

Mr B J Strickland - Director

1.	ACCOUNTING POLICIES

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).

Preparation of consolidated financial statements

The financial statements contain information about Claude Goldsmith Group Holdings 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.

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.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1st April 2013

and 31st March 2014

800

NET BOOK VALUE

At 31st March 2014

800

At 31st March 2013

800

The company's investments at the balance sheet date in the share capital of companies include the following:

Sandhurst (Newhomes) Limited

Country of incorporation: England & Wales

Nature of business: Property development

%

Class of shares:

holding

Ordinary

100.00

2014

2013

£

£

Aggregate capital and reserves

(458,477

)

(862,463

)

Profit for the year

403,985

254,032

Freehold & Lease Management Limited

Country of incorporation: England & Wales

Nature of business: Property management

%

Class of shares:

holding

Ordinary

100.00

2014

2013

£

£

Aggregate capital and reserves

145,663

135,167

Profit for the year

10,496

13,071

Venture Capital Associates Limited

Country of incorporation: England & Wales

Nature of business: Property development

%

Class of shares:

holding

Ordinary

100.00

2014

2013

£

£

Aggregate capital and reserves

(642,367

)

(567,498

)

Loss for the year

(74,870

)

(89,896

)

Sandy Cay Island Properties Limited

Country of incorporation: England & Wales

Nature of business: Property services

%

Class of shares:

holding

Ordinary

100.00

2014

2013

£

£

Aggregate capital and reserves

66,759

66,759

Profit for the year

-

16,586

Green Cay Island Limited

Country of incorporation: England & Wales

Nature of business: Property services

%

Class of shares:

holding

Ordinary

100.00

2014

2013

£

£

Aggregate capital and reserves

63,562

63,562

Profit for the year

-

16,199

Pelican Island Properties Limited

Country of incorporation: England & Wales

Nature of business: Management services

%

Class of shares:

holding

Ordinary

100.00

2014

2013

£

£

Aggregate capital and reserves

39,051

39,051

Profit for the year

-

8,548

Marina Cay Island Properties Limited

Country of incorporation: England & Wales

Nature of business: Property development

%

Class of shares:

holding

Ordinary

100.00

2014

2013

£

£

Aggregate capital and reserves

9,785

(57,911

)

Profit/(loss) for the year

67,696

(34,247

)

Paradise Island Developments Limited

Country of incorporation: England & Wales

Nature of business: Property services

%

Class of shares:

holding

Ordinary

100.00

2014

2013

£

£

Aggregate capital and reserves

(6,743

)

(2,155

)

Loss for the year

(4,587

)

(1,927

)

3.

CREDITORS

Creditors include an amount of £ 1,395,853 (2013 - £ 1,395,853 ) for which security has been given.

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

2014

2013

£

£

Repayable otherwise than by instalments

-

1,395,853

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

400

Ordinary

£1

400

400