Clareville Capital Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 03127042 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2015

FOR

CLAREVILLE CAPITAL LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

D E Yarrow

R A Oury

SECRETARY:

D E Yarrow

REGISTERED OFFICE:

First Floor

121/122 Sloane Street

London

SW1X 9BW

REGISTERED NUMBER:

03127042 (England and Wales)

ACCOUNTANTS:

Oury Clark Chartered Accountants

Herschel House

58 Herschel Street

Slough

Berkshire

SL1 1PG

BANKERS:

Clydesdale Bank plc

91 Gresham Street

London

EC2V 7RB

SOLICITORS:

Simmons & Simmons

CityPoint

Ropemaker Street

London

EC2Y 9SS

FIXED ASSETS

Investments

2

267,000

267,000

CURRENT ASSETS

Debtors

78,571

83,676

Cash at bank

151,045

150,905

229,616

234,581

CREDITORS

Amounts falling due within one year

53,741

97,347

NET CURRENT ASSETS

175,875

137,234

TOTAL ASSETS LESS CURRENT LIABILITIES

442,875

404,234

CAPITAL AND RESERVES

Called up share capital

3

100,000

100,000

Share premium

90,909

90,909

Capital redemption reserve

128,333

128,333

Profit and loss account

123,633

84,992

SHAREHOLDERS' FUNDS

442,875

404,234

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 31 March 2016 and were signed on its behalf by:

R A Oury - 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).

Turnover

Turnover represents the amount derived from the provision of fund management services which fall within the

company's former principal activity, stated net of value added tax.

Deferred tax

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

sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Investments

Investments have been included at the lower of cost or net realisable value.

2.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 July 2014

and 30 June 2015

267,000

NET BOOK VALUE

At 30 June 2015

267,000

At 30 June 2014

267,000

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.15

30.6.14

value:

£

£

100,000

Ordinary shares

1

100,000

100,000

4.	RELATED PARTY DISCLOSURES

Clareville Capital Limited is a related party to Clareville Capital Partners LLP by virtue of it being a member of

the Partnership.

Clareville Capital Limited has always been entitled to receive a reimbursement of expenses incurred on its part

on behalf of Clareville Capital Partners LLP or profit distribution equivalent to any remaining expenses incurred.

Where profits are sufficient to distribute, the company will be entitled to a profit share equivalent to its agreed

return on capital of £46,826 (2014 - £59,028) from Clareville Capital Partners LLP.

The total amount outstanding due to Clareville Capital Partners LLP is £45,520 (2014: £86,092) as at the end of

the financial year.

5.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D E Yarrow.