Company Registration No. 07784195 (England and Wales)
CLSM PROPERTIES LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2014
CLSM PROPERTIES LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
CLSM PROPERTIES LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 SEPTEMBER 2014
30 September 2014
- 1 -
2014
2013
Notes
£
£
£
£
Investments
Investments
2
50
50
50
50
Current assets
Debtors
3
282,499
282,499
Cash at bank and in hand
15
15
282,514
282,514
Creditors: amounts falling due within one year
4
(63)
(63)
Net current assets
282,451
282,451
Total assets less current liabilities
282,501
282,501
Creditors: amounts falling due after more than one year
5
(282,500)
(282,500)
1
1
Capital and reserves
Called up share capital
6
1
1
Shareholders' funds
1
1
For the financial year ended 30 September 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 17 June 2015
Mr C M Joyce
Director
Company Registration No. 07784195
CLSM PROPERTIES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2014
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
2
Investments
Investments
£
Cost
At 1 October 2013 & at 30 September 2014
50
At 30 September 2013
50
The investment is represented by a 50% shareholding in Holly House Properties Limited, a company
incorporated in England.
The investment is represented by a 50% shareholding in Holly House Properties Limited, a company incorporated in England.
At 31 May 2014 this company's accounts included:
2014 2013
£ £
Share Capital 100 100
Reserves - (adverse) profit and loss account (26,019) (103,152)
3
Debtors
The debtor is repayable in full in 2027.
4
Creditors: amounts falling due within one year
Creditors represent an amount due to Mr C.M.Joyce, the director of the company. There are no fixed repayment terms and the loan is interest free.
CLSM PROPERTIES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2014
- 3 -
5
Creditors: amounts falling due after more than one year
The creditor is repayable in full in 2027.
6
Share capital
2014
2013
£
£
Allotted, called up and fully paid
1 Ordinary of £1 each
1
1