CEDARMOUNT PROPERTIES LIMITED

CEDARMOUNT PROPERTIES LIMITED

CEDARMOUNT PROPERTIES LIMITED - Company Information

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CEDARMOUNT PROPERTIES LIMITED

Company Registration Number:
NI044317 (Northern Ireland)

Unaudited abridged accounts for the year ended 31 October 2017

Period of accounts

Start date: 01 November 2016

End date: 31 October 2017

CEDARMOUNT PROPERTIES LIMITED

Contents of the Financial Statements

for the Period Ended 31 October 2017

Balance sheet
Notes

CEDARMOUNT PROPERTIES LIMITED

Balance sheet

As at 31 October 2017


Notes
2017
2016


£
£
Current assets
Stocks:   20,000
Total current assets:   20,000
Creditors: amounts falling due within one year:   (308,076) (313,506)
Net current assets (liabilities): (308,076) (293,506)
Total assets less current liabilities: (308,076) (293,506)
Total net assets (liabilities): (308,076) (293,506)
Capital and reserves
Called up share capital: 1 1
Profit and loss account: (308,077) (293,507)
Shareholders funds: (308,076) (293,506)

The notes form part of these financial statements

CEDARMOUNT PROPERTIES LIMITED

Balance sheet statements

For the year ending 31 October 2017 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 31 July 2018
and signed on behalf of the board by:

Name: Mr J A Gracey
Status: Director

The notes form part of these financial statements

CEDARMOUNT PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2017

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Revenue recognitionTurnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Valuation and information policy

StocksProperties held for development and sale are classified as current assets and are stated at the lower of cost and net realisable value. A development is not regarded as complete until the property has been substantially let. Cost includes development direct expenditure on acquisition or development and, where borrowings are easily identifiable with specific properties in the course of development, the excess of interest payable over any rental income receivable pending completion of development. Profits on sale are recognised when overall profitability of the development can be reasonably foreseen.

Other accounting policies

Financial instrumentsFinancial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.