CAPITAL_AND_CENTRIC_DEVEL - Accounts

CAPITAL AND CENTRIC DEVELOPMENTS LIMITED - Company Information

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Company Registration No. 07795317 (England and Wales)

CAPITAL AND CENTRIC DEVELOPMENTS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2016

CAPITAL AND CENTRIC DEVELOPMENTS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

CAPITAL AND CENTRIC DEVELOPMENTS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 OCTOBER 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

783

1,181

Investments

783

1,231

Current assets

Debtors

171,155

629,918

Cash at bank and in hand

58,432

182,518

229,587

812,436

Creditors: amounts falling due within one year

(221,910)

(792,578)

Net current assets

7,677

19,858

Total assets less current liabilities

8,460

21,089

Provisions for liabilities

(157)

(236)

8,303

20,853

Capital and reserves

Called up share capital

Profit and loss account

8,301

20,851

Shareholders' funds

8,303

20,853

For the financial year ended 31 October 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 27 May 2017

Mr A Higgins

Director

Company Registration No. 07795317

CAPITAL AND CENTRIC DEVELOPMENTS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

33% straight line

Fixtures, fittings & equipment

15% straight line

1.5

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

Fixed assets

Tangible assets

Investments

Total

Cost

At 1 November 2015

3,459

3,509

Disposals

(50)

At 31 October 2016

3,459

Depreciation

At 1 November 2015

2,278

Charge for the year

398

At 31 October 2016

2,676

Net book value

At 31 October 2016

783

At 31 October 2015

1,181

1,231

CAPITAL AND CENTRIC DEVELOPMENTS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 OCTOBER 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

2 ordinary shares of £1 each

Ultimate parent company

The ultimate parent company is Capital and Centric Limited, a company registered in England and Wales.