Company Registration No. 593758 (England and Wales)
CHISWICK PROPERTY COMPANY LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2015
CHISWICK PROPERTY COMPANY LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
CHISWICK PROPERTY COMPANY LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2015
31 December 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
406,711
409,110
Current assets
Debtors
7,391
7,531
Cash at bank and in hand
134,950
123,832
142,341
131,363
Creditors: amounts falling due within one year
(95,430)
(90,425)
Net current assets
46,911
40,938
Total assets less current liabilities
453,622
450,048
Creditors: amounts falling due after more than one year
(82,481)
(89,683)
371,141
360,365
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
371,041
360,265
Shareholders' funds
371,141
360,365
For the financial year ended 31 December 2015 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 7 September 2016
B J Kenward
Director
Company Registration No. 593758
CHISWICK PROPERTY COMPANY LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015
- 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 services rendered.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Freehold
No Depreciation
Fixtures, fittings & equipment
20% Straight line
2
Fixed assets
Tangible assets
£
Cost
At 1 January 2015
435,184
Additions
418
At 31 December 2015
435,602
Depreciation
At 1 January 2015
26,074
Charge for the year
2,817
At 31 December 2015
28,891
Net book value
At 31 December 2015
406,711
At 31 December 2014
409,110
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100