Cramer Properties Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 03782595 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2017

for

Cramer Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

I H Pollitt

SECRETARY:

Mrs C Pollitt

REGISTERED OFFICE:

Rode Cottage

69 Moss Road

Alderley Edge

Cheshire

SK9 7JB

REGISTERED NUMBER:

03782595 (England and Wales)

ACCOUNTANTS:

IN Accountancy Limited

6 Station View

Bramhall Moor Lane

Hazel Grove

Stockport

Cheshire

SK7 5ER

FIXED ASSETS

Tangible assets

4

-

-

Investment property

5

3,479,463

6,962,384

3,479,463

6,962,384

CURRENT ASSETS

Debtors

6

10,868

216,321

Cash at bank and in hand

3,435,378

262,294

3,446,246

478,615

CREDITORS

Amounts falling due within one year

7

59,722

292,828

NET CURRENT ASSETS

3,386,524

185,787

TOTAL ASSETS LESS CURRENT LIABILITIES

6,865,987

7,148,171

CREDITORS

Amounts falling due after more than one year

8

5,402,794

5,464,463

NET ASSETS

1,463,193

1,683,708

CAPITAL AND RESERVES

Called up share capital

9

3

2

Retained earnings

1,463,190

1,683,706

SHAREHOLDERS' FUNDS

1,463,193

1,683,708

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 14 March 2018 and were signed by:

I H Pollitt - Director

1.	STATUTORY INFORMATION

Cramer Properties Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes

in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except

to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted

or substantively enacted by the balance sheet date.

Operating leases

Rentals under operating leases are charged to the Profit and loss account on a straight line basis over the

lease term.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2016

and 30 September 2017

4,808

DEPRECIATION

At 1 October 2016

and 30 September 2017

4,808

NET BOOK VALUE

At 30 September 2017

-

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2016

6,962,384

Additions

2,647,824

Disposals

(6,130,745

)

At 30 September 2017

3,479,463

NET BOOK VALUE

At 30 September 2017

3,479,463

At 30 September 2016

6,962,384

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.17

30.9.16

£

£

Trade debtors

492

129,753

VAT

5,436

-

Prepayments

4,940

86,568

10,868

216,321

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.17

30.9.16

£

£

Trade creditors

36,004

13,931

Deposits held

-

14,666

Tax

19,658

41,945

VAT

-

20,406

Accrued expenses

4,060

201,880

59,722

292,828

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.17

30.9.16

£

£

Directors' loan accounts

5,402,794

5,464,463

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.17

30.9.16

value:

£

£

2

Ordinary

£1

2

2

1

A Ordinary

£1

1

-

3

2

Allotted and issued:

Number:

Class:

Nominal

30.9.17

30.9.16

value:

£

£

1

Share capital 2

£1

1

-

The following shares were issued during the year for cash at par :

1 A Ordinary share of £1

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £7,940 (2016 - £25,000) were paid to the director .

Additionally Mrs C Pollitt, the wife of the director, received dividends of £7,940 (2016 - £25,000).

11.	ULTIMATE CONTROLLING PARTY

The controlling party is I H Pollitt.