Abbreviated Company Accounts - CRINGLE CORPORATION LIMITED

Abbreviated Company Accounts - CRINGLE CORPORATION LIMITED

CRINGLE CORPORATION LIMITED - Company Information

Print Friendly Version

Registered Number 00413150

CRINGLE CORPORATION LIMITED

Abbreviated Accounts

31 March 2016

CRINGLE CORPORATION LIMITED Registered Number 00413150

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 5,966 5,181
Investments 3 22,352,983 19,472,074
22,358,949 19,477,255
Current assets
Debtors 2,148,597 179,630
Cash at bank and in hand 400 8,573
2,148,997 188,203
Creditors: amounts falling due within one year (16,808,825) (12,161,099)
Net current assets (liabilities) (14,659,828) (11,972,896)
Total assets less current liabilities 7,699,121 7,504,359
Total net assets (liabilities) 7,699,121 7,504,359
Capital and reserves
Called up share capital 45,001 45,001
Profit and loss account 7,654,120 7,459,358
Shareholders' funds 7,699,121 7,504,359
  • For the year ending 31 March 2016 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 26 September 2016

And signed on their behalf by:
N Alliance, Director

CRINGLE CORPORATION LIMITED Registered Number 00413150

Notes to the Abbreviated Accounts for the period ended 31 March 2016

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.

2Tangible fixed assets
£
Cost
At 1 April 2015 17,694
Additions 3,375
Disposals -
Revaluations -
Transfers -
At 31 March 2016 21,069
Depreciation
At 1 April 2015 12,513
Charge for the year 2,590
On disposals -
At 31 March 2016 15,103
Net book values
At 31 March 2016 5,966
At 31 March 2015 5,181

3Fixed assets Investments
The property valuations on which impairment provisions have been calculated are directors' valuations having considered professional advice from property consultants and surveyors. The net book value of these properties amounted to £2,342,917 (2015 - £2,342,917)

The cost of investment properties as at 31 March 2016 are Freehold £13,623,662 (2015 - £13,623,662) and long leasehold £6,576,525 (2015 - £4,172,253).