Registered number: 01424599 | ||||||||
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FOR THE YEAR ENDED 31/03/2016 | ||||||||
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Prepared By: | ||||||||
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Grange-over-Sands | ||||||||
Cumbria | ||||||||
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Cartmel Investments Limited | ||||||||
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ABBREVIATED ACCOUNTS | ||||||||
FOR THE YEAR ENDED
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INDEX TO THE ACCOUNTS | ||||||||
Abbreviated Balance Sheet | 2 | |||||||
Notes to the Abbreviated Accounts | 3 | |||||||
The company's registered number is 01424599 | ||||||||
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Cartmel Investments Limited | ||||||||
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Registered Number: 01424599 | ||||||||||
BALANCE SHEET AT 31/03/2016 | ||||||||||
2016 | 2015 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 |
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Investments | 3 |
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CURRENT ASSETS | ||||||||||
Debtors (amounts falling due within one year) | 4 |
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Cash at bank and in hand |
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51,890 |
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CREDITORS: Amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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CREDITORS: Amounts falling due after more than one year | 5 |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES | ||||||||||
Called up share capital | 6 |
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Revaluation reserve | 1d,7 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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Approved by the board on
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Director | ||||||||||
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Cartmel Investments Limited | ||||||||
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NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31/03/2016 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Depreciation | ||||||||
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Fixtures & Fittings in the property were stated at original cost less deprecation calculated at an annual rate of 10% straight line in order to write off each asset over its estimated useful life. As all the Fixtures and Fittings were included in the sale of the property, the written down balance has been written off in the financial period and set off against the sales proceeds. | ||||||||
Fixtures And Fittings | straight line 10 % |
1b. Taxation | ||||||||
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Provision was made in the past for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted. The balance of the deferred taxation account has now been written off. |
1c. Investments | ||||||||
Investmenrts comprise listed investments and have been included in the accounts at their current market value. The increase/decrease from original cost is transferred to Investments Revaluation Reserve until the investment is realised when it is transferred back to Profit and Loss Account. |
1d. Revaluation Reserve | ||||||||
In previous years, surpluses or deficits arising on the revaluation of individual fixed assets were credited or debited to a non-distributible reserve known as the Property Revaluation Reserve. As the freehold property has now been sold, the Property Revaluation Reserve from the past has been written off. | ||||||||
The Investments Revaluation Reserve arises from increases in investments held by the company. |
1e. General Information And Basis Of Preparation | ||||||||
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The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £. | ||||||||
The signiificant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. |
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Cartmel Investments Limited | ||||||||
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2. TANGIBLE FIXED ASSETS | ||||||
Land And | Fixtures | |||||
Buildings | and Fittings | Total | ||||
£ | £ | £ | ||||
Cost | ||||||
At 01/04/2015 |
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Disposals |
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Revaluation |
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At 31/03/2016 | - | - | - | |||
Depreciation | ||||||
At 01/04/2015 |
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Disposals |
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(
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At 31/03/2016 |
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Net Book Amounts | ||||||
At 31/03/2016 |
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At 31/03/2015 |
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3. INVESTMENT FIXED ASSETS | |||||||||
Listed | |||||||||
Investments | Total | ||||||||
£ | £ | ||||||||
Cost | |||||||||
Additions |
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At 31/03/2016 |
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Amortisation | |||||||||
Written Back | (655) | (655) | |||||||
At 31/03/2016 |
(
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Net Book Amounts | |||||||||
At 31/03/2016 |
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4. DEBTORS | 2016 | 2015 | ||||||
£ | £ | |||||||
Amounts falling due within one year: | ||||||||
Other Tax |
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Other debtors |
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Cartmel Investments Limited | ||||||||
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5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2016 | 2015 | |||||||
£ | £ | |||||||
Other creditors | - | 128,994 | ||||||
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6. SHARE CAPITAL | 2016 | 2015 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
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7. REVALUATION RESERVE | 2016 | 2015 | ||||||
£ | £ | |||||||
Property Revaluation Reserve | - | 194,635 | ||||||
Investments Revaluation Reserve | 655 | - | ||||||
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8. TRANSACTIONS WITH DIRECTORS | ||||||||
Other Creditors due after more than one year at 31 March 2015 is a Directors Loan Account. This was repaid in the year ended 31 Match 2016. | ||||||||