Clarion Developments Limited - Limited company - abbreviated - 11.9
Clarion Developments Limited - Limited company - abbreviated - 11.9
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2015 |
| FOR |
| CLARION DEVELOPMENTS LIMITED |
| CLARION DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02912364) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 MARCH 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| CLARION DEVELOPMENTS LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 MARCH 2015 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| CLARION DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02912364) |
| ABBREVIATED BALANCE SHEET |
| 31 MARCH 2015 |
| 31.3.15 | 31.3.14 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| Investment property | 3 |
| CURRENT ASSETS |
| Debtors |
| Investments |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 4 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
4 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Revaluation reserve | ( |
) | ( |
) |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his 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. |
| CLARION DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02912364) |
| ABBREVIATED BALANCE SHEET - continued |
| 31 MARCH 2015 |
| The financial statements were approved by the director on |
| CLARION DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02912364) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 MARCH 2015 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The director considers the use of the going concern basis of accounting appropriate because there are no material |
| uncertainties related to events or conditions that may cast significant doubt about the ability of the company to |
| continue as a going concern. The director has agreed to support the company to ensure it has adequate financial |
| resources to continue in operational existence for the foreseeable future. |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention as modified by the revaluation |
| of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April |
| 2008). |
| Turnover |
| Turnover represents net invoiced sales of services, excluding value added tax. |
| Tangible fixed assets |
| All categories of tangible fixed assets, other than investment properties, are carried at depreciated historical cost. |
| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful |
| life. |
| Computer Equipment - 33.3% on cost |
| Investment property |
| Investment properties are carried at valuation and are not depreciated in accordance with: Financial Reporting |
| Standard (FRS) 15 "Tangible fixed assets" and Statement of Standard Accounting Practice (SSAP) 19 |
| "Accounting for investment properties". This represents a departure from the requirements of the Companies Act |
| 1985, but is necessary in order for the financial statements to show a true and fair view. |
| The properties are subject to periodic valuation by the Director or independent chartered surveyors, determined |
| on the basis of open market value. |
| Any aggregate surplus or deficit arising from changes in market value is transferred to a revaluation reserve. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| For investments held within the company, the indexation basis is applied for the purpose of the calculation. |
| Operating leases |
| The company also acts as a lessor, renting out investment properties to tenants. Rentals receivable under |
| operating leases are credited to the profit and loss account over the lives of the leases. Rentals received in |
| advance by the company that are attributable to later periods are deferred and included in creditors, (deferred |
| income), and are credited to the profit and loss account in those later periods. |
| The gross cost of assets held for use in operating leases is included in investment property. There is no |
| accumulated depreciation of these assets. |
| CLARION DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02912364) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2015 |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 April 2014 |
| and 31 March 2015 |
| DEPRECIATION |
| At 1 April 2014 |
| and 31 March 2015 |
| NET BOOK VALUE |
| At 31 March 2015 |
| At 31 March 2014 |
| 3. | INVESTMENT PROPERTY |
| Total |
| £ |
| COST OR VALUATION |
| At 1 April 2014 |
| Additions |
| Revaluations |
| At 31 March 2015 |
| NET BOOK VALUE |
| At 31 March 2015 |
| At 31 March 2014 |
| 4. | CREDITORS |
| Creditors include an amount of £ |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.3.15 | 31.3.14 |
| value: | £ | £ |
| Ordinary | £1 |