Cravencrest Properties Limited - Limited company - abbreviated - 11.6

Cravencrest Properties Limited - Limited company - abbreviated - 11.6

CRAVENCREST PROPERTIES LTD - Company Information

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REGISTERED NUMBER: 03460740 (England and Wales)
















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 28 FEBRUARY 2014

FOR

CRAVENCREST PROPERTIES LIMITED

CRAVENCREST PROPERTIES LIMITED (REGISTERED NUMBER: 03460740)






CONTENTS OF THE ABBREVIATED ACCOUNTS
for the year ended 28 February 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Chartered Certified Accountants' Report 4

CRAVENCREST PROPERTIES LIMITED

COMPANY INFORMATION
for the year ended 28 February 2014







DIRECTOR: Mr E Hoffman





REGISTERED OFFICE: 87 Osbaldeston Road
London
N16 6NP





REGISTERED NUMBER: 03460740 (England and Wales)





ACCOUNTANTS: Raffingers Stuart
Chartered Certified Accountants
19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD
Page 1
CRAVENCREST PROPERTIES LIMITED (REGISTERED NUMBER: 03460740)

ABBREVIATED BALANCE SHEET
28 February 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 4,042 4,756
Investment property 3 320,000 320,000
324,042 324,756

CURRENT ASSETS
Debtors 192,460 197,878
Cash at bank 17,749 2,690
210,209 200,568
CREDITORS
Amounts falling due within one year 4 204,692 194,564
NET CURRENT ASSETS 5,517 6,004
TOTAL ASSETS LESS CURRENT LIABILITIES 329,559 330,760

CREDITORS
Amounts falling due after more than one year 4 48,986 66,877
NET ASSETS 280,573 263,883

CAPITAL AND RESERVES
Called up share capital 5 2 2
Revaluation reserve 191,807 191,807
Profit and loss account 88,764 72,074
SHAREHOLDERS' FUNDS 280,573 263,883

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 27 November 2014 and were signed by:





Mr E Hoffman - Director


The notes form part of these abbreviated accounts

Page 2
CRAVENCREST PROPERTIES LIMITED (REGISTERED NUMBER: 03460740)

NOTES TO THE ABBREVIATED ACCOUNTS
for the year ended 28 February 2014

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets and in
accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover
Turnover represents gross rent receivable.

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

Fixtures and fittings - 15% on reducing balance

Investment property
Freehold investment properties, which comprise properties held for rental, are revalued annually and the aggregate surplus or deficit
transferred to the revaluation reserve except where any deficit is deemed permanent when it is taken to the profit and loss account. No
provision is made for depreciation of investment properties. This departure from the requirements of the Regulations, which require all
properties to be depreciated, is in the opinion of the Directors, necessary for the Financial Statements to show a true and fair view in
accordance with applicable accounting standards. If this departure had not been made, the profit for the financial year would have been
reduced by depreciation. However, the amount of depreciation cannot reasonably be quantified, because depreciation is only one of many
factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or
quantified.

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 1 March 2013
and 28 February 2014 9,606
DEPRECIATION
At 1 March 2013 4,850
Charge for year 714
At 28 February 2014 5,564
NET BOOK VALUE
At 28 February 2014 4,042
At 28 February 2013 4,756

3. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 March 2013
and 28 February 2014 320,000
NET BOOK VALUE
At 28 February 2014 320,000
At 28 February 2013 320,000

4. CREDITORS

Creditors include an amount of £ 66,623 (2013 - £ 84,184 ) for which security has been given.

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
2 Ordinary £1 2 2

Page 3
CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
CRAVENCREST PROPERTIES 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 Cravencrest
Properties Limited for the year ended 28 February 2014 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements
which are detailed at http://rulebook.accaglobal.com.

This report is made solely to the director of Cravencrest Properties Limited in accordance with our terms of engagement. Our work has been
undertaken solely to prepare for your approval the financial statements of Cravencrest Properties Limited and state those matters that we have agreed
to state to the director of Cravencrest Properties Limited in this report in accordance with the requirements of the Association of Chartered Certified
Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility
to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Cravencrest Properties 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 profit of Cravencrest Properties Limited. You consider that Cravencrest
Properties 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 Cravencrest Properties 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.






Raffingers Stuart
Chartered Certified Accountants
19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD


27 November 2014

This page does not form part of the abbreviated accounts

Page 4