CRINGLE CORPORATION LIMITED

CRINGLE CORPORATION LIMITED

CRINGLE CORPORATION LIMITED - Company Information

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CRINGLE CORPORATION LIMITED

Company Registration Number:
00413150 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2018

Period of accounts

Start date: 01 April 2017

End date: 31 March 2018

CRINGLE CORPORATION LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2018

Balance sheet
Notes

CRINGLE CORPORATION LIMITED

Balance sheet

As at 31 March 2018


Notes
2018
2017


£
£
Fixed assets
Tangible assets: 3 23,824,911 22,151,658
Investments: 4 4,373,452 4,599,192
Total fixed assets: 28,198,363 26,750,850
Current assets
Debtors:   885,805 2,193,608
Cash at bank and in hand: 2,355 1,250
Total current assets: 888,160 2,194,858
Creditors: amounts falling due within one year: 5 (9,764,029) (10,904,905)
Net current assets (liabilities): (8,875,869) (8,710,047)
Total assets less current liabilities: 19,322,494 18,040,803
Creditors: amounts falling due after more than one year: 6 (7,973,438) (7,362,139)
Provision for liabilities: (104,082) (104,082)
Total net assets (liabilities): 11,244,974 10,574,582
Capital and reserves
Called up share capital: 45,001 45,001
Profit and loss account: 11,199,973 10,529,581
Shareholders funds: 11,244,974 10,574,582

The notes form part of these financial statements

CRINGLE CORPORATION LIMITED

Balance sheet statements

For the year ending 31 March 2018 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 19 December 2018
and signed on behalf of the board by:

Name: N Alliance
Status: Director

The notes form part of these financial statements

CRINGLE CORPORATION LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

CRINGLE CORPORATION LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

2. Employees

2018 2017
Average number of employees during the period 10 10

CRINGLE CORPORATION LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

3. Tangible Assets

Total
Cost £
At 01 April 2017 23,975,787
Additions 1,999,753
Disposals (350,000)
At 31 March 2018 25,625,540
Depreciation
At 01 April 2017 1,824,129
Charge for year 1,500
On disposals (25,000)
At 31 March 2018 1,800,629
Net book value
At 31 March 2018 23,824,911
At 31 March 2017 22,151,658

CRINGLE CORPORATION LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

4. Fixed investments

Five of the properties were revalued in 2016/2017. The valuations were carried out by Savills Plc by their RICS registered staff based on current market values.

CRINGLE CORPORATION LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

5. Creditors: amounts falling due within one year note

The bank loans are secured by a charge on certain of the investment properties of the company

CRINGLE CORPORATION LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

6. Creditors: amounts falling due after more than one year note

The bank loans are secured by a charge on certain of the investment properties of the company