Calverts Properties (Taunton) Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04416901 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 September 2016

for

Calverts Properties (Taunton) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

D B Calvert

Mrs H M Calvert

A B Calvert

SECRETARY:

D B Calvert

REGISTERED OFFICE:

Stafford House

Blackbrook Park Avenue

TAUNTON

Somerset

TA1 2PX

REGISTERED NUMBER:

04416901 (England and Wales)

ACCOUNTANTS:

A C Mole & Sons

Chartered Accountants

Stafford House

Blackbrook Park Avenue

Taunton

Somerset

TA1 2PX

FIXED ASSETS

Tangible assets

2

997,088

1,048,246

Investments

3

250

997,338

1,048,496

CURRENT ASSETS

Debtors

4

83,006

116,604

Cash at bank

39,836

48,133

122,842

164,737

CREDITORS

Amounts falling due within one year

5

31,284

30,705

NET CURRENT ASSETS

91,558

134,032

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,088,896

1,182,528

CREDITORS

Amounts falling due after more than one
year

5

40,967

65,191

NET ASSETS

1,047,929

1,117,337

CAPITAL AND RESERVES

Called up share capital

6

100

Profit and loss account

1,047,829

1,117,237

SHAREHOLDERS' FUNDS

1,047,929

1,117,337

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2016 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 27 February 2017 and were signed on its behalf
by:

D B Calvert - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The accounts have been prepared on a going concern basis as the company continues to have the support of the

Directors.

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 rental income due from the letting of freehold property, net of VAT.

Depreciation

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

life.

Freehold Land Nil

Freehold Buildings 4% on cost

Basis of consolidation

The financial statements present information about the company as an individual undertaking and not about its

group. The company and its subsidiary undertaking, Calverts (Taunton) Limited, comprise a small-sized group.

The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act

2006 not to prepare group accounts.

Fixed asset investment

Unlisted fixed asset investments are stated at cost less provision for any diminution in value.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

and 30 September 2016

1,696,552

DEPRECIATION

At 1 October 2015

648,306

Charge for year

51,158

At 30 September 2016

699,464

NET BOOK VALUE

At 30 September 2016

997,088

At 30 September 2015

1,048,246

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 October 2015

and 30 September 2016

250

NET BOOK VALUE

At 30 September 2016

250

At 30 September 2015

250

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Calverts (Taunton) Limited

Nature of business: Furniture, carpet and fabric retailing

%

Class of shares:

holding

Ordinary

100.00

2016

2015

£

Aggregate capital and reserves

121,694

100,698

Profit for the year

10,996

3,591

4.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

The aggregate total of debtors falling due after more than one year is £ 81,637 (2015 - £ 112,988 )

5.

CREDITORS

Creditors include an amount of £ 63,817 (2015 - £ 88,041 ) for which security has been given.

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1

100

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2016 and

30 September 2015:

2016

2015

£

D B Calvert

Balance outstanding at start of year

3,616

(14,484

)

Amounts advanced

18,000

18,100

Amounts repaid

(21,616

)

-

Balance outstanding at end of year

-

3,616

No balance was outstanding at the year end. No interest was charged during the period.