REGISTERED NUMBER:
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Abbreviated Unaudited Accounts |
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for the Year Ended 31 May 2015 |
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for |
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CREMENTUM 5 LIMITED |
REGISTERED NUMBER:
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Abbreviated Unaudited Accounts |
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for the Year Ended 31 May 2015 |
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for |
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CREMENTUM 5 LIMITED |
CREMENTUM 5 LIMITED (REGISTERED NUMBER: 06301182) |
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Contents of the Abbreviated Accounts |
for the year ended 31 May 2015 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 3 |
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Chartered Accountants' Report | 4 |
CREMENTUM 5 LIMITED |
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Company Information |
for the year ended 31 May 2015 |
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Director: |
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Secretary: |
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Registered office: |
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Registered number: |
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Accountants: |
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Chartered Accountants |
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CREMENTUM 5 LIMITED (REGISTERED NUMBER: 06301182) |
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Abbreviated Balance Sheet |
31 May 2015 |
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2015 | 2014 |
Notes | £ | £ |
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Creditors |
Amounts falling due within one year |
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Net current liabilities | ( |
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Total assets less current liabilities | ( |
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Capital and reserves |
Called up share capital | 2 |
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Profit and loss account | ( |
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Shareholders' funds | ( |
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The director acknowledges his responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the company as at the end
of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
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The financial statements were approved by the director on
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CREMENTUM 5 LIMITED (REGISTERED NUMBER: 06301182) |
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Notes to the Abbreviated Accounts |
for the year ended 31 May 2015 |
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1. | Accounting policies |
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Basis of preparing the financial statements |
These financial statements have been prepared on a going concern basis despite the fact that at the balance |
sheet date the company has net current liabilities. If the financial statements were prepared on a break up basis, |
the directors do not consider there would be a material variance to that of the going concern basis. |
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The effect of the credit crunch and the resulting recession has meant the company has experienced a very |
difficult period in recent years. This is directly attributable to the downturn in the housing and mortgage |
markets. |
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In response to the difficulties faced by the company and its fellow group undertakings the directors undertook a |
complete review of the group in terms of its activities, structure and financing requirements to complete the |
current developments. |
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As a result of this review the group is now headed by Crementum Limited, this was achieved via a share for |
share exchange in 2009. |
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The company is dependent upon its parent company Crementum Limited. The group has net liabilities at the |
31 May 2015. The funding of the group is dependant upon the loan note holders. These loan notes were due |
for repayment on 1 July 2011. However due to the current developments taking longer to sell than anticipated, |
this date for loan note repayment was missed. The final development site in the group was sold in the prior |
year. |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the |
Financial Reporting Standard for Smaller Entities (effective April 2008). |
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The company was dormant throughout the current year and previous period. |
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Exemption from preparing a cash flow statement |
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as |
a small company. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
balance sheet date. |
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2. | Called up share capital |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | £ | £ |
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Ordinary | 1 |
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3. | Ultimate parent company |
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At 31 May 2015 the company's ultimate parent company is Crementum Limited. |
Chartered Accountants' Report to the Director |
on the Unaudited Financial Statements of |
Crementum 5 Limited |
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The following reproduces the text of the report prepared for the director in respect of the company's annual |
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to three) |
have been prepared. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of Crementum 5 Limited for the year ended 31 May 2015 which comprise the Profit and Loss |
Account, the Balance Sheet and the related notes from the company's accounting records and from information and |
explanations you have given us. |
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As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook. |
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This report is made solely to the director of Crementum 5 Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Crementum 5 Limited and state those matters that we have agreed to state to the director of Crementum 5 Limited in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report. |
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It is your duty to ensure that Crementum 5 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 profit of Crementum 5 Limited. You consider that Crementum 5 Limited is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of Crementum 5 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 financial statements. |
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Chartered Accountants |
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26 February 2016 |