CHERRYCROFT_PROPERTIES_LI - Accounts

CHERRYCROFT PROPERTIES LTD - Company Information

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Company Registration No. 9001403 (England and Wales)

CHERRYCROFT PROPERTIES LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 28 FEBRUARY 2015

CHERRYCROFT PROPERTIES LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

CHERRYCROFT PROPERTIES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

28 FEBRUARY 2015

- 1 -

2015

Notes

Fixed assets

Tangible assets

133,500

Current assets

Debtors

14,131

Cash at bank and in hand

35,159

49,290

Creditors: amounts falling due within one year

(180,767)

Net current liabilities

(131,477)

Total assets less current liabilities

2,023

Capital and reserves

Called up share capital

1,180

Profit and loss account

843

Shareholders' funds

2,023

For the financial period ended 28 February 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;

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

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 11 May 2015

Mr S H Smith

Director

Company Registration No. 9001403

CHERRYCROFT PROPERTIES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 28 FEBRUARY 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The company has made a profit this year and the directors see no reason for this not to continue. On this basis the accounts have been prepared on the going concern basis.

1.2

Turnover

Turnover represents amounts receivable for a solar farm.a solar farm.

1.3

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Freehold

not depreciated

Fixed assets

Tangible assets

Cost

At 17 April 2014

Additions

133,500

At 28 February 2015

133,500

Share capital

2015

Allotted, called up and fully paid

2,000 Ordinary A shares of 10p each

200

64,000 Ordinary B shares of 1p each

640

2,000 Ordinary C shares of 1p each

32,000 Ordinary D shares of 1p each

320

1,180

During the year 4 ordinary shares of 10p each were allotted and fully paid at par on incorporation.

The balance of the shares were issued on 12 February 2015.