Company Registration No. 08604737 (England and Wales)
CAPITAL & CENTRIC (SALFORD QUAYS) LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2016
CAPITAL & CENTRIC (SALFORD QUAYS) LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
CAPITAL & CENTRIC (SALFORD QUAYS) LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 OCTOBER 2016
31 October 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Investments
2
5
-
Current assets
Stocks
1,360,608
3,795,679
Debtors
28,345
193,110
Cash at bank and in hand
89,754
184,363
1,478,707
4,173,152
Creditors: amounts falling due within one year
(1,194,103)
(4,178,686)
Net current assets/(liabilities)
284,604
(5,534)
Total assets less current liabilities
284,609
(5,534)
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
284,607
(5,536)
Shareholders' funds
284,609
(5,534)
For the financial year ended 31 October 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their 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 25 July 2017
Mr T Heatley
Director
Company Registration No. 08604737
CAPITAL & CENTRIC (SALFORD QUAYS) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2016
- 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 January 2015).
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
Turnover
Turnover represents amounts receivable for property sales, net of VAT and trade discounts.
property sales,
net of VAT and trade discounts.
1.4
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.5
Stock and work in progress
Work in progress is valued at the lower of cost and net realisable value.
1.6
Government grants
Grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and loss account
when the associated asset is disposed of
.
2
Fixed assets
Investments
£
Cost
At 1 November 2015
-
Additions
12
Disposals
(7)
At 31 October 2016
5
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
200 Ordinary of 1p each
2
2