Registration number:
Unaudited Abbreviated Accounts
for the Year Ended
CD Property Finance Limited
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The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4 ) have been prepared.
Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
CD Property Finance Limited
for the Year Ended 31 March 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of CD Property Finance Limited for the year ended 31 March 2016 set out on pages from the company's accounting records and from information and explanations you have given us.
As a practicing member firm of the Institute of Chartered Accountants of Scotland (ICAS) , we are subject to its ethical and other professional requirements .
This report is made solely to the Board of Directors of CD Property Finance Limited, as a body, in accordance with the terms of our engagement letter dated 1 October 2015. Our work has been undertaken solely to prepare for your approval the accounts of CD Property Finance Limited and state those matters that we have agreed to state to the Board of Directors of the company, as a body, in this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than CD Property Finance Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that CD Property Finance Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of CD Property Finance Limited. You consider that CD Property Finance Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of CD Property Finance Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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MacKenzie
Chartered Accountants
The Old Mill
Fry's Yard, Bridge Street
Godalming
Surrey
GU7 1HP
30 December 2016
CD Property Finance Limited
(Registration number: 08828666)
Abbreviated Balance Sheet at 31 March 2016
Note |
31 March 2016
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31 March 2015
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Fixed assets |
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Intangible fixed assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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( |
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Net current liabilities |
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( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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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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C G Dowdeswell
Director
2
CD Property Finance Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued
Accounting policies |
Basis of preparation
Turnover
Goodwill
Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.
Amortisation
Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Amortisation method and rate |
Goodwill |
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Financial instruments
CD Property Finance Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued
Fixed assets |
Intangible assets
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Total
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Cost |
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At 1 April 2015 |
45,000 |
45,000 |
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At 31 March 2016 |
45,000 |
45,000 |
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Depreciation |
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At 1 April 2015 |
2,250 |
2,250 |
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Charge for the year |
2,250 |
2,250 |
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At 31 March 2016 |
4,500 |
4,500 |
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Net book value |
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At 31 March 2016 |
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At 31 March 2015 |
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Share capital |
Allotted, called up and fully paid shares
31 March 2016 |
31 March 2015 |
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No. |
£ |
No. |
£ |
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