Company Registration No. SC367600 (Scotland)
Chatham House Equities Limited
Unaudited accounts
for the year ended 31 October 2020
Chatham House Equities Limited
Unaudited accounts
Contents
Chatham House Equities Limited
Company Information
for the year ended 31 October 2020
Director
Mr Marcus S Rennie
Company Number
SC367600 (Scotland)
Registered Office
Suit 2.5
94 Hope Street
Glasgow
G2 6PH
UK
Accountants
Scottish Tax Bureau
94 Hope Street
Glasgow
G2 6PH
Chatham House Equities Limited
Statement of financial position
as at
31 October 2020
Tangible assets
47,695
5,312
Investment property
63,000
63,000
Cash at bank and in hand
368,624
521,702
Creditors: amounts falling due within one year
(43,078)
(42,614)
Net current assets
325,546
480,699
Total assets less current liabilities
661,241
549,011
Creditors: amounts falling due after more than one year
(50,000)
-
Net assets
611,241
549,011
Called up share capital
2
2
Profit and loss account
611,239
549,009
Shareholders' funds
611,241
549,011
For the year ending 31 October 2020 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 director acknowledges his 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.
The financial statements were approved by the Board and authorised for issue on 20 November 2020 and were signed on its behalf by
Mr Marcus S Rennie
Director
Company Registration No. SC367600
Chatham House Equities Limited
Notes to the Accounts
for the year ended 31 October 2020
Chatham House Equities Limited is a private company, limited by shares, registered in Scotland, registration number SC367600. The registered office is Suit 2.5, 94 Hope Street, Glasgow, G2 6PH, UK.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reduce balance
Computer equipment
25% reduce balance
Chatham House Equities Limited
Notes to the Accounts
for the year ended 31 October 2020
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 November 2019
4,700
3,465
8,165
Additions
58,281
-
58,281
At 31 October 2020
62,981
3,465
66,446
At 1 November 2019
1,175
1,678
2,853
Charge for the year
15,451
447
15,898
At 31 October 2020
16,626
2,125
18,751
At 31 October 2020
46,355
1,340
47,695
At 31 October 2019
3,525
1,787
5,312
5
Investment property
2020
Fair value at 1 November 2019
63,000
At 31 October 2020
63,000
6
Investments
Other investments
Valuation at 1 November 2019
-
Valuation at 31 October 2020
225,000
8
Creditors: amounts falling due within one year
2020
2019
Trade creditors
2,232
5,018
Taxes and social security
24,340
37,596
Loans from directors
16,506
-
9
Creditors: amounts falling due after more than one year
2020
2019
Chatham House Equities Limited
Notes to the Accounts
for the year ended 31 October 2020
10
Share capital
2020
2019
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
11
Average number of employees
During the year the average number of employees was 2 (2019: 2).