Classic Properties (Manchester) Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 03166452 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2013

for

Classic Properties (Manchester) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

A Mussarat

Mrs C Allen

SECRETARY:

Mrs M Mussarat

REGISTERED OFFICE:

MCR House

341 Great Western Street

Rusholme

Manchester

M14 4HB

REGISTERED NUMBER:

03166452 (England and Wales)

ACCOUNTANTS:

Uppal & Warr

Chartered Accountants

452 Manchester Road

Heaton Chapel

Stockport

SK4 5DL

FIXED ASSETS

Tangible assets

2

136,980

547,422

CURRENT ASSETS

Debtors

758,179

2,000

Cash at bank

381

86,257

758,560

88,257

CREDITORS

Amounts falling due within one year

1,446

1,350

NET CURRENT ASSETS

757,114

86,907

TOTAL ASSETS LESS CURRENT LIABILITIES

894,094

634,329

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

893,994

634,229

SHAREHOLDERS' FUNDS

894,094

634,329

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 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 5 September 2014 and were signed on its behalf by:

Mrs C Allen - 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 rental income arising from the properties.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

not provided

Fixtures and fittings

-

25% on reducing balance

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

630,764

Additions

(2,733

)

Disposals

(491,051

)

At 31 December 2013

136,980

DEPRECIATION

At 1 January 2013

83,342

Eliminated on disposal

(83,342

)

At 31 December 2013

-

NET BOOK VALUE

At 31 December 2013

136,980

At 31 December 2012

547,422

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.13

31.12.12

value:

£

£

100

Ordinary

£1

100

100