Crane Bank Limited
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Notes to the Abbreviated Accounts |
for the year ended 31 August 2016
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
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Investments |
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Fixed asset investments are stated at cost less provision for permanent diminution in value. |
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Deferred taxation |
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Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. |
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Group accounts |
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The company as a small company is exempt from the obligation to prepare group accounts. Consequently these accounts present information about the company as an individual undertaking and not as a group. |
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2 |
Investments |
£ |
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|
Cost |
|
At 1 September 2015 |
451,400 |
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At 31 August 2016 |
451,400 |
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The company holds 20% or more of the share capital of the following companies: |
|
Capital and |
Profit (loss) |
|
Company |
Shares held |
reserves |
for the year |
|
|
Class |
% |
£ |
£ |
|
Crane Bank Garages Limited |
Ordinary & 'A' |
100 |
|
339,543 |
|
360,315 |
|
3 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares
|
£1 each |
|
1,300 |
|
1,300 |
|
1,300 |
|
'A' Ordinary shares
|
£1 each |
|
100 |
|
100 |
|
100 |
|
'B' Ordinary shares |
£1 each |
|
2 |
|
2 |
|
- |
|
'C' Ordinary shares |
£1 each |
|
1 |
|
1 |
|
- |
|
'D' Ordinary shares |
£1 each |
|
1 |
|
1 |
|
1 |
|
'E' Ordinary shares |
£1 each |
|
1 |
|
1 |
|
- |
|
|
|
|
|
|
1,405 |
|
1,401 |
|
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|
|
|
|
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|
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Nominal |
Number |
Amount |
value |
£ |
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Shares issued during the period: |
|
'B' Ordinary shares |
£1 each |
|
2 |
|
2 |
|
'C' Ordinary shares |
£1 each |
|
1 |
|
1 |
|
'E' Ordinary shares |
£1 each |
|
1 |
|
1 |
|
|
|
|
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|
4 |
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