Geo. & R. Carrell Properties Limited - Limited company - abbreviated - 11.6

Geo. & R. Carrell Properties Limited - Limited company - abbreviated - 11.6

GEO. & R. CARRELL PROPERTIES LIMITED - Company Information

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REGISTERED NUMBER: 00542144 (England and Wales)










GEO. & R. CARRELL PROPERTIES LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014






GEO. & R. CARRELL PROPERTIES LIMITED (REGISTERED NUMBER: 00542144)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2014










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Chartered Accountants' Report 4

GEO. & R. CARRELL PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2014







DIRECTOR: Mrs A M Fernie



SECRETARY: Mrs G Hickman



REGISTERED OFFICE: 24 Park Road South
Havant
Hampshire
PO9 1HB



REGISTERED NUMBER: 00542144 (England and Wales)



ACCOUNTANTS: Rothman Pantall LLP
Chartered Accountants
24 Park Road South
Havant
Hampshire
PO9 1HB



BANKERS: Lloyds TSB Bank plc
4 West Street
Havant
Hampshire
PO9 1PE
Page 1
GEO. & R. CARRELL PROPERTIES LIMITED (REGISTERED NUMBER: 00542144)

ABBREVIATED BALANCE SHEET
31 MARCH 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 502,880 500,000

CURRENT ASSETS
Debtors 66,171 26,448
Cash at bank 163,537 197,032
229,708 223,480
CREDITORS
Amounts falling due within one year 20,181 27,023
NET CURRENT ASSETS 209,527 196,457
TOTAL ASSETS LESS CURRENT
LIABILITIES
712,407
696,457

CAPITAL AND RESERVES
Called up share capital 3 10,000 10,000
Revaluation reserve 494,947 494,947
Profit and loss account 207,460 191,510
SHAREHOLDERS' FUNDS 712,407 696,457

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 9 December 2014 and were signed by:





Mrs A M Fernie - Director


The notes form part of these abbreviated accounts

Page 2
GEO. & R. CARRELL PROPERTIES LIMITED (REGISTERED NUMBER: 00542144)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 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 is the total amount of rents receivable for the year.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
balance sheet date.

Investment properties
Investment properties are shown at their open market value. The surplus or deficit arising from the annual
revaluation is transferred to the investment revaluation reserve unless a deficit, or its reversal, on an individual
investment property is expected to be permanent, in which case it is recognised in the profit and loss account for
the year.

This is in accordance with the FRSSE which, unlike the Companies Act 2006, does not require depreciation of
investment properties. Investment properties are held for their investment potential and not for use by the
company and so their current value is of prime importance. The departure from the provisions of the Act is
required in order to give a true and fair view.

2. TANGIBLE FIXED ASSETS
Total
£   
COST OR VALUATION
At 1 April 2013 500,000
Additions 2,880
At 31 March 2014 502,880
NET BOOK VALUE
At 31 March 2014 502,880
At 31 March 2013 500,000

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
10,000 Ordinary £1 10,000 10,000

Page 3
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
GEO. & R. CARRELL 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 Geo. & R. Carrell Properties Limited for the year ended 31 March 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to
its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the director of Geo. & R. Carrell Properties Limited in accordance with our terms of
engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Geo. & R.
Carrell Properties Limited and state those matters that we have agreed to state to the director of Geo. & R. Carrell
Properties Limited in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. 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 Geo. & R. Carrell 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 Geo. &
R. Carrell Properties Limited. You consider that Geo. & R. Carrell 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 Geo. & R. Carrell 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.






Rothman Pantall LLP
Chartered Accountants
24 Park Road South
Havant
Hampshire
PO9 1HB


11 December 2014

This page does not form part of the abbreviated accounts

Page 4