Clareville Capital Limited - Abbreviated accounts 16.3
Clareville Capital Limited - Abbreviated accounts 16.3
REGISTERED NUMBER: |
ABBREVIATED UNAUDITED ACCOUNTS |
FOR THE PERIOD 1 JULY 2015 TO 31 MARCH 2016 |
FOR |
CLAREVILLE CAPITAL LIMITED |
CLAREVILLE CAPITAL LIMITED (REGISTERED NUMBER: 03127042) |
CONTENTS OF THE ABBREVIATED ACCOUNTS |
for the Period 1 July 2015 to 31 March 2016 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 3 |
CLAREVILLE CAPITAL LIMITED |
COMPANY INFORMATION |
for the Period 1 July 2015 to 31 March 2016 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
BANKERS: |
SOLICITORS: |
CLAREVILLE CAPITAL LIMITED (REGISTERED NUMBER: 03127042) |
ABBREVIATED BALANCE SHEET |
31 March 2016 |
31.3.16 | 30.6.15 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 2 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 3 |
Share premium |
Capital redemption reserve |
Profit and loss account |
SHAREHOLDERS' FUNDS |
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 financial statements were approved by the Board of Directors on |
CLAREVILLE CAPITAL LIMITED (REGISTERED NUMBER: 03127042) |
NOTES TO THE ABBREVIATED ACCOUNTS |
for the Period 1 July 2015 to 31 March 2016 |
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 January 2015). |
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 2015 |
and 31 March 2016 | 267,000 |
NET BOOK VALUE |
At 31 March 2016 |
At 30 June 2015 |
3. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.3.16 | 30.6.15 |
value: | £ | £ |
Ordinary shares | 1 |
CLAREVILLE CAPITAL LIMITED (REGISTERED NUMBER: 03127042) |
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
for the Period 1 July 2015 to 31 March 2016 |
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 £31,208 |
(2015 - £50,577) from Clareville Capital Partners LLP. |
The total amount outstanding due from Clareville Capital Partners LLP is £47,365 (2015: £1,043) as at the end of the |
financial year. |
5. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is |