REGISTERED NUMBER:
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ABBREVIATED ACCOUNTS |
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FOR THE YEAR ENDED 31 DECEMBER 2014 |
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FOR |
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CANNONCOURT LIMITED |
REGISTERED NUMBER:
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ABBREVIATED ACCOUNTS |
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FOR THE YEAR ENDED 31 DECEMBER 2014 |
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FOR |
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CANNONCOURT LIMITED |
CANNONCOURT LIMITED (REGISTERED NUMBER: 02675785) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
for the year ended 31 December 2014 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
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Report of the Accountants | 6 |
CANNONCOURT LIMITED |
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COMPANY INFORMATION |
for the year ended 31 December 2014 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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CANNONCOURT LIMITED (REGISTERED NUMBER: 02675785) |
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ABBREVIATED BALANCE SHEET |
31 December 2014 |
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2014 | 2013 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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Investments | 3 |
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Investment property | 4 |
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CURRENT ASSETS |
Debtors |
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Cash at bank |
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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 |
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CAPITAL AND RESERVES |
Called up share capital | 5 |
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Investment Property |
Revaluation Reserve |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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3,753,604 | 3,734,598 |
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The directors acknowledge their 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. |
CANNONCOURT LIMITED (REGISTERED NUMBER: 02675785) |
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ABBREVIATED BALANCE SHEET - continued |
31 December 2014 |
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The financial statements were approved by the Board of Directors on
by: |
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CANNONCOURT LIMITED (REGISTERED NUMBER: 02675785) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
for the year ended 31 December 2014 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention, except that freehold properties |
held for investment are shown at their revalued amounts, and in accordance with the Financial Reporting |
Standard for Smaller Entities (effective April 2008). |
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Turnover |
Turnover is the total amount receivable by the company for rentals due and sundry sales made during the year. |
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Tangible fixed assets |
Tangible fixed assets are stated at historic cost and are depreciated at a rate calculated to write off their cost over |
the expected useful life of between two and four years. |
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Investment property |
The company's investment properties are held for long term investment and are included in the balance sheet at |
their open market values. The surpluses or deficits on revaluation of such properties are transferred to the |
investment property revaluation reserve. Depreciation is not provided in respect of freehold investment |
properties. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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Fixed asset investments |
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Income from investments |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 January 2014 |
and 31 December 2014 |
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DEPRECIATION |
At 1 January 2014 |
and 31 December 2014 |
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NET BOOK VALUE |
At 31 December 2014 |
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At 31 December 2013 |
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CANNONCOURT LIMITED (REGISTERED NUMBER: 02675785) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
for the year ended 31 December 2014 |
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3. | FIXED ASSET INVESTMENTS |
Investments |
other |
than |
loans |
£ |
COST |
At 1 January 2014 |
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Additions |
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Disposals | ( |
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At 31 December 2014 |
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PROVISIONS |
At 1 January 2014 |
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Charge for year | ( |
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At 31 December 2014 | 13,167 |
NET BOOK VALUE |
At 31 December 2014 |
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At 31 December 2013 |
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4. | INVESTMENT PROPERTY |
Total |
£ |
COST OR VALUATION |
At 1 January 2014 |
and 31 December 2014 |
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NET BOOK VALUE |
At 31 December 2014 |
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At 31 December 2013 |
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5. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2014 | 2013 |
value: | £ | £ |
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Ordinary | £1 |
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6. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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7. | CREDITORS |
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Creditors due after more than one year represents a loan of £800,000 by a director, L Breathwick. There are no |
fixed terms of repayment and the loan bears interest at a rate of 8% above base rate. |
CANNONCOURT LIMITED |
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REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF |
CANNONCOURT LIMITED |
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The following reproduces the text of the report prepared for the directors in respect of the company's annual |
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five) |
have been prepared. |
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As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2014 set out on pages three to nine and you consider that the company is exempt from an audit. |
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In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. |
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18 September 2015 |