Company Registration No. 9180305 (England and Wales)
Christel Properties Limited
Unaudited accounts
for the year ended 31 August 2017
Christel Properties Limited
Unaudited accounts
Contents
Christel Properties Limited
Company Information
for the year ended 31 August 2017
Directors
Mrs C O'Mara
Mr T Krause
Company Number
9180305 (England and Wales)
Registered Office
51 A Mount Pleasant
Keyworth
Nottingham
Nottinghamshire
NG12 5EP
ENGLAND
Accountants
Tax Architecture LLP
51a Mount Pleasant
Keyworth
Nottingham
Nottinghamshire
NG12 5EP
Christel Properties Limited
Statement of financial position
as at
31 August 2017
Investment property
371,590
371,590
Cash at bank and in hand
280
2,084
Creditors: amounts falling due within one year
(347,255)
(359,535)
Net current liabilities
(346,975)
(357,451)
Called up share capital
120
120
Profit and loss account
24,495
14,019
Shareholders' funds
24,615
14,139
For the year ending 31 August 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 5 January 2018.
Mrs C O'Mara
Director
Company Registration No. 9180305
Christel Properties Limited
Notes to the Accounts
for the year ended 31 August 2017
Christel Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 9180305. The registered office is 51 A Mount Pleasant, Keyworth, Nottingham, Nottinghamshire, NG12 5EP, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 August 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 September 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
Investment property
2017
Fair value at 1 September 2016
371,590
At 31 August 2017
371,590
5
Creditors: amounts falling due within one year
2017
2016
Taxes and social security
4,986
3,076
Loans from directors
341,269
355,859
6
Average number of employees
During the year the average number of employees was 0 (2016: 0).