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REGISTERED NUMBER:
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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 MARCH 2017 |
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CHAPMAN BLACK EXCLUSIVE LTD |
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REGISTERED NUMBER:
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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 MARCH 2017 |
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FOR |
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CHAPMAN BLACK EXCLUSIVE LTD |
CHAPMAN BLACK EXCLUSIVE LTD (REGISTERED NUMBER: 05993349) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2017 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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CHAPMAN BLACK EXCLUSIVE LTD |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2017 |
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DIRECTORS: |
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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 |
Sterling House |
20 Station Road |
Gerrards Cross |
Buckinghamshire |
SL9 8EL |
CHAPMAN BLACK EXCLUSIVE LTD (REGISTERED NUMBER: 05993349) |
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BALANCE SHEET |
31 MARCH 2017 |
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2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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Investment property | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
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( |
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CREDITORS |
Amounts falling due after more than one
year |
8 |
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NET LIABILITIES | ( |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS | ( |
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The directors acknowledge their 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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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
by: |
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CHAPMAN BLACK EXCLUSIVE LTD (REGISTERED NUMBER: 05993349) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2017 |
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1. | STATUTORY INFORMATION |
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Chapman Black Exclusive Ltd is a private company, limited by shares, registered in England and Wales. The |
company's registered number and registered office address can be found on the Company Information page. |
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The presentation currency of the financial statements is the pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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The accounts have been prepared using the going concern basis as the directors have indicated their intention |
to continue to offer financial support to the company for the foreseeable future. |
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Turnover |
Turnover represents amounts receivable for the rental of developed properties net of VAT. |
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Tangible fixed assets |
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Motor vehicles | - |
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Investment property |
Investment properties are included at fair value. Gains/losses on revaluation are recognised in the income |
statement within other operating gains/losses. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
substantively enacted by the balance sheet date. |
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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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Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws |
that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal |
of the timing difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they |
will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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CHAPMAN BLACK EXCLUSIVE LTD (REGISTERED NUMBER: 05993349) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2017 |
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4. | TANGIBLE FIXED ASSETS |
Motor |
vehicles |
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COST |
At 1 April 2016 |
and 31 March 2017 |
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DEPRECIATION |
At 1 April 2016 |
and 31 March 2017 |
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NET BOOK VALUE |
At 31 March 2017 |
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At 31 March 2016 |
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5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 April 2016 |
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Revaluations | (120,702 | ) |
At 31 March 2017 |
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NET BOOK VALUE |
At 31 March 2017 |
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At 31 March 2016 |
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The investment property is included at fair value at 31 March 2017 with gains and losses being recognised in the |
income statement. Deferred taxation is provided at the rate expected to apply when the property is sold. |
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The property had an unrealised loss of £120,702 at the year ended 31 March 2017. |
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Fair value at 31 March 2017 is represented by: |
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£ |
Valuation in 2017 | 250,000 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade debtors |
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Other debtors |
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Deferred tax asset |
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Prepayments and accrued income |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade creditors |
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Other creditors |
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Directors' loan accounts | 262,378 | 283,067 |
Accruals and deferred income |
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CHAPMAN BLACK EXCLUSIVE LTD (REGISTERED NUMBER: 05993349) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2017 |
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8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2017 | 2016 |
£ | £ |
Other creditors |
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9. | FIRST YEAR ADOPTION |
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This is the first year that the company has presented its financial statements in accordance with the provisions of |
Section 1A 'Small Entities' of Financial Reporting Standard 102 'The Financial Reporting Framework applicable |
in the UK and Republic of Ireland' (FRS 102 1A). For financial years up to and including the year ended 31 |
March 2016 the company prepared its financial statements in accordance with the old UK GAAP. |
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Upon transition to FRS 102 1A, Director loan amounts which were previously recognised as creditors greater |
than 1 year are now recognised as due in less than 1 year. This is the case given that no formal contracts are in |
place. |
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