Abbreviated Company Accounts - CARBRIDGE PROPERTIES LIMITED

CARBRIDGE PROPERTIES LIMITED - Company Information

Registered Number NI057671

CARBRIDGE PROPERTIES LIMITED

Abbreviated Accounts

31 December 2014

CARBRIDGE PROPERTIES LIMITED Registered Number NI057671

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Called up share capital not paid		-	-
Fixed assets
Intangible assets		-	-
Tangible assets	2	-	107
Investments		-	-
		-	107
Current assets
Stocks		1,457,432	1,457,432
Debtors		349,392	329,060
Investments		-	-
Cash at bank and in hand		-	-
		1,806,824	1,786,492
Creditors: amounts falling due within one year		(1,722,533)	(1,665,282)
Net current assets (liabilities)		84,291	121,210
Total assets less current liabilities		84,291	121,317
Creditors: amounts falling due after more than one year		(650,000)	(650,000)
Total net assets (liabilities)		(565,709)	(528,683)
Capital and reserves
Called up share capital		2	2
Profit and loss account		(565,711)	(528,685)
Shareholders' funds		(565,709)	(528,683)

For the year ending 31 December 2014 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.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 29 September 2015

And signed on their behalf by:
Nigel Henry, Director

CARBRIDGE PROPERTIES LIMITED Registered Number NI057671

Notes to the Abbreviated Accounts for the period ended 31 December 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected usefullife as follows:
Plant & Machinery - 20% straight line

Other accounting policies
Stock and work in progress.
Work in progress is valued at the lower of cost and net realisable value.

Related Party Transactions.
A balance of £274,058 was owing from Evergreen Energy Ltd which is a partly owned and controlled by Garth Henry, a director of the company
£27,975 received from Dunluce PLC, controlled by the directors of Carbridge Properties Ltd, Dunluce Plc also took over loans form Inver Investments Limited of £900. atotsl balnace of £19,075 was owed to Dunluce Plc
&8,438 received from Glyco Developments Limited, owned and controlled by Robert Henry, a total balance of £142,479 was owed to Glyco Development Ltd.
£13,565 received from Texel Investments limited owned and controlled by close family members of Carbridge directors. Total balance owed was £294,718.
£16,650 was received from Corbel Investments ltd owned and controlled by close family menbers of Carbridge directors. Total balcnce owed £970,250.

Going Concern
During the current year ended 31/12/14 net transactions from related parties amounted to £668,891. Related party balance at the year end was £1,149,655. It is unlikely that the company would be able to continue without financial support of the directors and related companies.

2Tangible fixed assets

	£
Cost
At 1 January 2014	3,437
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	3,437
Depreciation
At 1 January 2014	3,330
Charge for the year	107
On disposals	-
At 31 December 2014	3,437
Net book values
At 31 December 2014	0
At 31 December 2013	107