REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2015 |
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FOR |
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CARISBROOKE PROPERTY INVESTMENTS LIMITED |
REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2015 |
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FOR |
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CARISBROOKE PROPERTY INVESTMENTS LIMITED |
CARISBROOKE PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 05332194) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 30 JUNE 2015 |
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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 | 3 |
CARISBROOKE PROPERTY INVESTMENTS LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 30 JUNE 2015 |
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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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Chartered Accountants |
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CARISBROOKE PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 05332194) |
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ABBREVIATED BALANCE SHEET |
30 JUNE 2015 |
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2015 | 2014 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT LIABILITIES |
( |
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( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 3 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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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. |
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The financial statements were approved by the Board of Directors on
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CARISBROOKE PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 05332194) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 30 JUNE 2015 |
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1. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
The financial statements have not been prepared on a going concern basis for the reasons set out below. |
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The groups investment properties have been disposed of and the inter group loan funding has been settled as far |
as possible. There are however certain amounts of inter company loan debtors which have not been recovered in |
full and therefore these have been written down at the balance sheet date to their estimated recoverable amounts. |
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In due course, the company and the group it is part of are expected to be wound up. |
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The Company does not maintain any liquid assets itself and places all surplus funds and draws any required |
funds from the fellow members of a group headed by Carisbrooke Anglo Ventures Limited ("CAVL"), however, |
CAVL's financial statements have not been prepared on a going concern basis due to the fact that the CAVL |
Group's loan to value ratio under the lender's loan agreement is breached as it exceeds 80%. thereby putting the |
loan into an event of default. |
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The ultimate lender to the CAVL Group is Firelighter (LUX) S.A.R.L . Firelighter (LUX) S.A.R.L has |
confirmed to the Company that it is it's intention to support the strategy/business plan of the Company. |
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No adjustments to the carrying value of the Company's assets or liabilities were necessary as a result of ceasing |
to prepare the financial statements on the going concern basis. |
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Accounting convention |
The financial statements have been prepared under the historical cost convention. |
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Preparation of consolidated financial statements |
The financial statements contain information about Carisbrooke Property Investments Limited as an individual |
company and do not contain consolidated financial information as the parent of a group. The company has taken |
the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements. |
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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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Investments |
Fixed asset investments are stated at cost less any provision for impairment. |
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An impairment review is performed when events or circumstances indicate that the carrying value of the fixed |
asset may not be recoverable. Impairment is measured by comparing the carrying amount of a fixed asset with its |
recoverable amount. The recoverable amount is the net realisable value. An impairment loss is charged to the |
profit and loss account to the extent that the recoverable amount of the fixed asset investment is less than its |
carrying value. |
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Interest |
Interest expense is accounted for on an accruals basis. |
CARISBROOKE PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 05332194) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 30 JUNE 2015 |
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2. | FIXED ASSET INVESTMENTS |
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The company's investments at the Balance Sheet date in the share capital of companies include the following: |
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Country of incorporation:
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Nature of business:
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% |
Class of shares: | holding |
Ordinary | 100.00 |
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£ | £ |
Aggregate capital and reserves | (10,109,384 | ) | (8,778,987 | ) |
(Loss)/profit for the year | (1,330,396 | ) | 4,461,327 |
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Nature of business:
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Class of shares: | holding |
Ordinary | 100.00 |
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£ | £ |
Aggregate capital and reserves | (66,433 | ) | 1,165,773 |
Loss for the year | (1,232,208 | ) | (105,182 | ) |
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Nature of business:
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% |
Class of shares: | holding |
Ordinary | 100.00 |
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£ | £ |
Aggregate capital and reserves | (30,849,380 | ) | (35,166,940 | ) |
Profit/(loss) for the year | 4,317,560 | (1,042,684 | ) |
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The following company is held indirectly and is wholly owned within the group |
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Nature of business:
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Class of shares: | holding |
Ordinary |
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£ | £ |
Aggregate capital and reserves | (32,982,745 | ) | (31,416,919 | ) |
Loss for the year | (1,565,826 | ) | (4,378,399 | ) |
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3. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | £ | £ |
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Ordinary | £1 |
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CARISBROOKE PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 05332194) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 30 JUNE 2015 |
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4. | ULTIMATE PARENT COMPANY |
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Carisbrooke Arkle LLP continues to be the company's ultimate parent. The smallest group of which the |
Company is a member is headed by Carisbrooke Properties Limited. Neither the ultimate parent nor the |
immediate parent company prepare consolidated financial statements. |