Company Registration No. 09411073 (England and Wales)
Cravengate Properties Limited
Unaudited accounts
for the year ended 31 January 2018
Cravengate Properties Limited
Unaudited accounts
Contents
Cravengate Properties Limited
Company Information
for the year ended 31 January 2018
Directors
Samuel Lew
Meir Goldberg
Company Number
09411073 (England and Wales)
Registered Office
79 Gladesmore Road
London
N15 6TL
Cravengate Properties Limited
Statement of financial position
as at 31 January 2018
Tangible assets
1,916
1,970
Investment property
420,000
420,000
Cash at bank and in hand
4,003
201,387
Creditors: amounts falling due within one year
(123,604)
(280,008)
Net current liabilities
(16,748)
(4,377)
Total assets less current liabilities
405,168
417,593
Creditors: amounts falling due after more than one year
(254,408)
(268,380)
Provisions for liabilities
Net assets
127,549
149,213
Called up share capital
2
2
Profit and loss account
127,547
149,211
Shareholders' funds
127,549
149,213
For the year ending 31 January 2018 the company was entitled to exemption from audit 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 the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 19 August 2018.
Samuel Lew
Director
Company Registration No. 09411073
Cravengate Properties Limited
Notes to the Accounts
for the year ended 31 January 2018
Cravengate Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 09411073. The registered office is 79 Gladesmore Road, London, N15 6TL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% reducing balance basis.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Cravengate Properties Limited
Notes to the Accounts
for the year ended 31 January 2018
4
Tangible fixed assets
Total
5
Transactions with related parties
Included within other debtors are amounts aggregating to £70,519 (2017: £70,519) due from a company which has a director in common with this company.
Included within other creditors are amounts aggregating to £100,000 (2017: £271,917) due from a company which has a director in comon with this company.
6
Average number of employees
During the year the average number of employees was 0 (2017: 0).
