REGISTERED NUMBER:
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CHALEWORTH LIMITED |
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 30 JUNE 2015 |
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REGISTERED NUMBER:
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CHALEWORTH LIMITED |
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 30 JUNE 2015 |
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CHALEWORTH LIMITED (REGISTERED NUMBER: 05214150) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 30 JUNE 2015 |
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Page |
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Abbreviated Balance Sheet | 1 |
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Notes to the Abbreviated Accounts | 3 |
CHALEWORTH LIMITED (REGISTERED NUMBER: 05214150) |
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ABBREVIATED BALANCE SHEET |
30 JUNE 2015 |
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30/6/15 | 30/6/14 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 2 |
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CURRENT ASSETS |
Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 3 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
3 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 4 |
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Revaluation reserve | ( |
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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. |
CHALEWORTH LIMITED (REGISTERED NUMBER: 05214150) |
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ABBREVIATED BALANCE SHEET - continued |
30 JUNE 2015 |
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The financial statements were approved by the director on
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CHALEWORTH LIMITED (REGISTERED NUMBER: 05214150) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 30 JUNE 2015 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention as modified by the |
revaluation of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities |
(effective April 2008). |
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Turnover |
Turnover is the total amount of rent receivable by the company during the year. |
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Investment property |
In accordance with Statement of Standard Accounting Practice No. 19, certain of the company's investment |
properties are held for long term investment and are included in the Balance Sheet at their open market |
values. The surplus or deficit on the annual revaluation of such properties are transferred to the investment |
property revaluation reserve. Depreciation is not provided in respect of freehold investment properties. |
Leasehold investment properties are not amortised where the unexpired term is over twenty years. |
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This policy represents a departure from statutory accounting principles, which require depreciation to be |
provided on all fixed assets. The directors consider that this policy is necessary in order that the Financial |
Statements may give a true and fair view because current values and changes in current values are of prime |
importance rather than the systematic annual depreciation. |
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2. | INVESTMENT PROPERTY |
Total |
£ |
COST OR VALUATION |
At 1 July 2014 |
and 30 June 2015 |
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NET BOOK VALUE |
At 30 June 2015 |
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At 30 June 2014 |
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3. | CREDITORS |
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Creditors include an amount of £
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They also include the following debts falling due in more than five years: |
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30/6/15 | 30/6/14 |
£ | £ |
Repayable by instalments | - | 281,672 |
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4. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30/6/15 | 30/6/14 |
value: | £ | £ |
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Ordinary | £1 |
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CHALEWORTH LIMITED (REGISTERED NUMBER: 05214150) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 30 JUNE 2015 |
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5. | CONTROL OF COMPANY |
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In the directors opinion the company is controlled by W Reid. |