Registered number:
UNAUDITED
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 MARCH 2019
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CRANN MOR DEVELOPMENTS LIMITED
REPORT TO THE DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF CRANN MOR DEVELOPMENTS LIMITED
FOR THE YEAR ENDED 31 MARCH 2019
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Crann Mor Developments Limited for the year ended 31 March 2019 which comprise the Statement of financial position and the related notes from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://www.accaglobal .com/en/member/professional -standards /rules-standards/acca -rulebook.html
.
This report is made solely to the Board of directors of Crann Mor Developments Limited, as a body, in accordance with the terms of our engagement letter dated
5th December 2018. Our work has been undertaken solely
to prepare for your approval the financial statements of Crann Mor Developments Limited and state those matters that we have agreed to state to the Board of directors of Crann Mor Developments Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Crann Mor Developments Limited and its Board of directors, as a body, for our work or for this report.
It is your duty to ensure that Crann Mor Developments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Crann Mor Developments Limited. You consider that Crann Mor Developments Limited is exempt from the statutory audit requirement for the year.
Chartered Certified Accountants
Invision House
Wilbury Way
Hitchin
SG4 0TY
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CRANN MOR DEVELOPMENTS LIMITED
REGISTERED NUMBER:
09492271
STATEMENT OF FINANCIAL POSITION
AS AT
31 MARCH 2019
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.
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CRANN MOR DEVELOPMENTS LIMITED
REGISTERED NUMBER:
09492271
STATEMENT OF FINANCIAL POSITION
(CONTINUED)
AS AT
31 MARCH 2019
The financial statements were approved and authorised for issue by the board and were signed on its behalf on
The notes on pages 4 to 5 form part of these financial statements.
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CRANN MOR DEVELOPMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2019
1.
Accounting policies
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of
Financial Reporting Standard 102, the Financial Reporting Standard applicable in
the UK and the Republic of Ireland and the Companies Act 2006
.
The presentational currency of the Company is GBP.
At 31st March 2019 the company had net liabilities of £38,757. It is the intention of the directors to continue to support the company, therefore these accounts have been prepared on a going concern basis.
Finance costs are charged to the Statement of income and retained earnings over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first outbasis. Work in progress and finished goods include labour and attributable overheads.
At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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CRANN MOR DEVELOPMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2019
The Company is a private company, limited by shares and registered in England.
Its registered number is: 09492271 Its Registered Office is: Invision House Wilbury Way Hitchin Hertfordshire SG4 0TY
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