Crenns Developments Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 03955664 (England and Wales)

Crenns Developments Limited

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

M Rebuck

Mrs M Rebuck

SECRETARY:

Mrs M Rebuck

REGISTERED OFFICE:

1 Bell Street

2nd Floor

London

NW1 5BY

REGISTERED NUMBER:

03955664 (England and Wales)

ACCOUNTANTS:

DSJ Partners LLP

Chartered Accountants

2nd Floor

1 Bell Street

London

NW1 5BY

CURRENT ASSETS

Stocks

1,748,726

1,040,809

Debtors

67,729

45,079

Cash at bank

82,364

33,224

1,898,819

1,119,112

CREDITORS

Amounts falling due within one year

(1,962,022

)

(1,196,353

)

NET CURRENT LIABILITIES

(63,203

)

(77,241

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(63,203

)

(77,241

)

CAPITAL AND RESERVES

Called up share capital

2

2

2

Profit and loss account

(63,205

)

(77,243

)

SHAREHOLDERS' FUNDS

(63,203

)

(77,241

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 27 October 2015 and were signed on its behalf by:

M Rebuck - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting

Standard for Smaller Entities (effective April 2008).

In view of the deficiency on the balance sheet, the parent company Crenns Properties Ltd has confirmed its continued financial

support for the foreseeable future. The parent company has also confirmed that it has no intention of recalling any of the loans in

the near future. The directors therefore consider it appropriate to prepare the accounts on a going concern basis.

Turnover

Turnover represents proceeds received from the disposals of properties and disposal of stocks and securities.

Purchases of properties are taken into the accounts if contracts are exchanged prior to the balance sheet date. Sales of properties

are taken into the accounts if the contracts are completed before the balance sheet date.

Stocks

Stocks are valued at the lower of cost and net realisable value.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Pension costs and other post-retirement benefits

Contributions payable to the pension scheme are charged to the profit and loss account in the period to which they relate.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

2

Ordinary shares

£1

2

2

3.	ULTIMATE PARENT COMPANY

Crenns Properties Limited is regarded by the directors as being the company's ultimate parent company.