Cavendish Place Properties Limited - Period Ending 2019-06-30
Cavendish Place Properties Limited - Period Ending 2019-06-30
Registration number:
for the Year Ended
Cavendish Place Properties Limited
Contents
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Accountants' Report |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Cavendish Place Properties Limited
for the Year Ended 30 June 2019
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Cavendish Place Properties Limited for the year ended 30 June 2019 as set out on pages 2 to 4 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Accounting Technicians we are subject to its ethical and other professional requirements which are detailed at www.aat.org.uk.
This report is made solely to the Board of Directors of Cavendish Place Properties Limited, as a body, in accordance with the terms of our engagement letter dated 16 March 2017. Our work has been undertaken solely to prepare for your approval the accounts of Cavendish Place Properties Limited and state those matters that we have agreed to state to the Board of Directors of Cavendish Place Properties Limited, as a body, in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cavendish Place Properties Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Cavendish Place Properties Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and results of Cavendish Place Properties Limited. You consider that Cavendish Place Properties 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 accounts of Cavendish Place Properties 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 accounts.
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Accountants and Business Advisors
5 Alum Chine Road
Bournemouth
Dorset
BH4 8DT
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Page 1 |
Cavendish Place Properties Limited
(Registration number: 4799509)
Balance Sheet as at 30 June 2019
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Note |
2019 |
2018 |
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Fixed assets |
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Tangible assets |
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Capital and reserves |
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Called up share capital |
99 |
99 |
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Profit and loss account |
25,980 |
25,980 |
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Total equity |
26,079 |
26,079 |
For the financial year ending 30 June 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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• |
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
The profit and loss account and directors' report have not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small companies regime.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
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Page 2 |
Cavendish Place Properties Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 June 2019
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is not provided on land and building as the cost represents the company's freehold interest in the land and has a residual value that is not materially different from that reported in the accounts. The directors also consider the remaining useful life of the property to be more than 100 years and any depreciation charge attributable to the company's interest in the building would be insignificant.
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Asset class |
Depreciation method and rate |
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Freehold Land and Building |
Not applicable |
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Page 3 |
Cavendish Place Properties Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 June 2019
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
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Tangible assets |
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Land and buildings |
Total |
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Cost or valuation |
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At 1 July 2018 |
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At 30 June 2019 |
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Depreciation |
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Carrying amount |
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At 30 June 2019 |
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At 30 June 2018 |
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Included within the net book value of land and buildings above is £26,079 (2018 - £26,079) in respect of freehold land and buildings.
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Share capital |
Allotted, called up and fully paid shares
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2019 |
2018 |
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No. |
£ |
No. |
£ |
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99 |
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99 |
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Page 4 |