| CALLEBLEND LIMITED |
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| BALANCE SHEET |
| AS AT 31 December 2013 |
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Notes |
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2013 |
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2012 |
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£ |
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£ |
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| FIXED ASSETS |
| Tangible assets |
2 |
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515,582 |
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- |
| Investments |
3 |
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4,238 |
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- |
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519,820 |
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- |
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| CURRENT ASSETS |
| Debtors |
81,367 |
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- |
| Cash at bank and in hand |
520,707 |
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2 |
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602,074 |
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2 |
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| CREDITORS: Amounts falling due |
1,121,752 |
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- |
| within one year |
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| NET CURRENT (LIABILITIES) / ASSETS |
(519,678) |
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2 |
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| NET ASSETS |
142 |
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2 |
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| CAPITAL AND RESERVES |
| Called up share capital |
4 |
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88 |
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2 |
| Profit and loss account |
54 |
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- |
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| SHAREHOLDERS' FUNDS |
142 |
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2 |
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| These abbreviated accounts have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
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| For the financial year ended 31 December 2013 the company was entitled to exemption from audit under section 477 of the Companies Act 2006. |
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| Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
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| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
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| Signed on behalf of the board of directors |
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| C A Griffiths |
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W Shaw |
| Director |
Director |
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| Date approved by the board: 29 September 2014 |
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| CALLEBLEND LIMITED |
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| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2013 |
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| 1 |
STATEMENT OF ACCOUNTING POLICIES |
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Accounting convention |
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The accounts have been prepared under the historical cost convention and are based on accounts prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
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Going concern |
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The accounts have been drawn up on the going concern basis. The company owes its group undertaking £1,120,952 which could be required for repayment without notice. The company is therefore dependent upon the continued support of the group undertaking. The directors do not consider the support of the group undertaking likely to be withdrawn. |
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If the going concern basis was not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amounts, to provide for additional liabilities that might arise and to reclassify fixed assets as current assets. |
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Tangible fixed assets |
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Fixed assets are stated at cost less accumulated depreciation. |
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Depreciation has been provided at the following rate so as to write off the cost less residual value of the assets over their estimated useful lives. |
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Freehold land |
Nil |
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Freehold buildings |
2.0% straight line basis |
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Investments |
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Fixed asset investments are shown at cost less provision for permanent diminution in value. |
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Financial instruments |
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Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. |
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Consolidation |
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The company is a parent company subject to the small companies regime. The company and its subsidiary comprise a small group. The company has therefore taken advantage of the option provided by section 398 of the Companies Act 2006 not to prepare group accounts. |
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| 2 |
TANGIBLE ASSETS |
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Tangible assets |
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£ |
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Cost |
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Additions |
515,582 |
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At 31 December 2013 |
515,582 |
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Net book value |
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At 31 December 2013 |
515,582 |
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| 3 |
FIXED ASSET INVESTMENTS |
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Investments |
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£ |
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Cost |
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Additions |
4,238 |
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At 31 December 2013 |
4,238 |
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Net book value |
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At 31 December 2013 |
4,238 |
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During the year, the company acquired 88% of the ordinary share capital of Calleva Limited for £88, excluding stamp duty of £4,150. |
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Capital and reserves of Calleva Ltd |
2013 |
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£ |
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Called up share capital |
100 |
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Profit and loss account |
1,823,816 |
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Shareholders' funds |
1,823,916 |
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Profit for the financial year |
590,408 |
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The capital and reserves of Calleva Limited are based on un-audited accounts for the year ended 31 December 2013. |
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| 4 |
SHARE CAPITAL |
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Nominal value |
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Number |
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2013 |
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2012 |
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£ |
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£ |
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£ |
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Allotted, called up and fully paid: |
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Ordinary shares |
1 |
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88 |
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88 |
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2 |
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Nominal value |
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Number |
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2013 |
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2012 |
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£ |
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£ |
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£ |
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Shares issued during the year: |
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Ordinary shares |
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1 |
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86 |
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86 |
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- |
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