COLOMBUS_PROPERTIES_LIMIT - Accounts
COLOMBUS_PROPERTIES_LIMIT - Accounts
Company Registration No. 03797395 (England and Wales)
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2014
CONTENTS
Page
Accountants' report
1
Abbreviated balance sheet
2
Notes to the abbreviated accounts
3 - 4
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF COLOMBUS PROPERTIES LIMITED FOR THE YEAR ENDED 30 JUNE 2014
- 1 -
The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 4 have been prepared.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Colombus Properties Limited for the year ended 30 June 2014 set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.
This report is made solely to the Board of Directors of Colombus Properties Limited, as a body, in accordance with the terms of our engagement letter dated 27 March 2013. Our work has been undertaken solely to prepare for your approval the financial statements of Colombus Properties Limited and state those matters that we have agreed to state to the Board of Directors of Colombus Properties Limited, as a body, in this report in accordance with the requirements of the Institute of Chartered Accountants in England and Wales as detailed at http://www2.accaglobal.com/pubs/members/publications/technical_factsheets/downloads/163.doc. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Colombus Properties Limited and its Board of Directors as a body, for our work or for this report.
It is your duty to ensure that Colombus Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Colombus Properties Limited. You consider that Colombus 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 financial statements of Colombus 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 financial statements.
Gerald Edelman
Chartered Accountants
ABBREVIATED BALANCE SHEET
AS AT
30 JUNE 2014
- 2 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
Current assets
Stocks
Debtors
Cash at bank and in hand
Creditors: amounts falling due within one year
(1,083,624 )
(1,473,416 )
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after more than one year
3
(657,378 )
(321,539 )
755,732
786,413
Capital and reserves
Called up share capital
4
Profit and loss account
Shareholders' funds
Director's responsibilities:
-
-
Approved by the Board for issue on 1 June 2015
Director
Company Registration No. 03797395
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2014
- 3 -
1
Accounting policies
1.1
Accounting convention
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Tangible fixed assets and depreciation
Fixtures, fittings & equipment
1.4
Stock
Stock is valued at the lower of cost and net realisable value.
2
Fixed assets
Tangible assets
£
Cost
At 1 July 2013 & at 30 June 2014
11,790
Depreciation
At 1 July 2013
7,956
Charge for the year
958
At 30 June 2014
8,914
Net book value
At 30 June 2014
2,876
At 30 June 2013
3,834
3
Creditors: amounts falling due after more than one year
The aggregate amount of creditors for which security has been given amounted to £657,378 (2013 - £321,539).
The bank loans are secured by way of a legal charge over the company's stock of property.
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2014
- 4 -
4
Share capital
2014
2013
£
£
Allotted, called up and fully paid