Creed Polo Limited - Abbreviated accounts 16.3

Creed Polo Limited - Abbreviated accounts 16.3


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REGISTERED NUMBER: 06212131 (England and Wales)















CREED POLO LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30TH APRIL 2015






CREED POLO LIMITED (REGISTERED NUMBER: 06212131)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30TH APRIL 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Chartered Accountants' Report 4

CREED POLO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2015







DIRECTOR: Mrs J L Rigby





REGISTERED OFFICE: Tysoe Vale Farm
Tysoe Road
Kineton
Warwickshire
CV35 0DY





REGISTERED NUMBER: 06212131 (England and Wales)





ACCOUNTANTS: Ormerod Rutter Limited
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY

CREED POLO LIMITED (REGISTERED NUMBER: 06212131)

ABBREVIATED BALANCE SHEET
30TH APRIL 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 392,830 423,013

CURRENT ASSETS
Debtors 38,120 4,887
Cash at bank 101,457 85,974
139,577 90,861
CREDITORS
Amounts falling due within one year 601,077 524,270
NET CURRENT LIABILITIES (461,500 ) (433,409 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(68,670

)

(10,396

)

CAPITAL AND RESERVES
Called up share capital 3 2 2
Profit and loss account (68,672 ) (10,398 )
SHAREHOLDERS' FUNDS (68,670 ) (10,396 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director on 25th April 2017 and were signed by:





Mrs J L Rigby - Director


CREED POLO LIMITED (REGISTERED NUMBER: 06212131)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30TH APRIL 2015

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on a going concern basis. Should the going concern basis not be
appropriate, adjustments would have to be made to reduce assets to their recoverable amounts, to provide for any
further liabilities that might arise, and to reclassify fixed assets as current assets and long term liabilities as
current liabilities.

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 net invoiced sales of services, excluding value added tax.

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

Improvements to property - 10% on cost
Plant & equipment - 20% on cost
Livestock - 25% on cost
Motor vehicles - 50% on cost

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 1st May 2014 536,950
Additions 60,817
Disposals (24,863 )
At 30th April 2015 572,904
DEPRECIATION
At 1st May 2014 113,937
Charge for year 86,722
Eliminated on disposal (20,585 )
At 30th April 2015 180,074
NET BOOK VALUE
At 30th April 2015 392,830
At 30th April 2014 423,013

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
2 Ordinary £1 2 2

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
CREED POLO LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to three)
have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of Creed Polo Limited for the year ended 30th April 2015 which comprise the Profit and Loss
Account, the Balance Sheet and the related notes from the company's accounting records and from information and
explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Creed Polo Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Creed Polo Limited and state those matters that we have agreed to state to the director of Creed Polo Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Creed Polo Limited director for our work or for this report.

It is your duty to ensure that Creed Polo Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Creed Polo Limited. You consider that Creed Polo Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Creed Polo Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Ormerod Rutter Limited
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY


25th April 2017