Chiltern Instruments & Gauges Limited
|
Registered number: |
00433287
|
Balance Sheet |
as at 31 March 2017
|
|
Notes |
|
|
2017 |
|
|
2016 |
£ |
£ |
Fixed assets |
Tangible assets |
4 |
|
|
748,638 |
|
|
748,638 |
|
|
|
|
748,638 |
|
|
748,638 |
|
Current assets |
Debtors |
5 |
|
38,726 |
|
|
1,358 |
Cash at bank and in hand |
|
|
181,922 |
|
|
289,138 |
|
|
|
220,648 |
|
|
290,496 |
|
Creditors: amounts falling due within one year |
6 |
|
(5,300) |
|
|
(64,805) |
|
|
|
|
|
|
|
Net current assets |
|
|
|
215,348 |
|
|
225,691 |
|
Total assets less current liabilities |
|
|
|
963,986 |
|
|
974,329 |
|
Provisions for liabilities |
|
|
|
(79,289) |
|
|
(79,289) |
|
|
Net Assets |
|
|
|
884,697 |
|
|
895,040 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
110,000 |
|
|
110,000 |
Revaluation reserve |
7 |
|
|
317,154 |
|
|
317,154 |
Profit and loss account |
|
|
|
457,543 |
|
|
467,886 |
|
Shareholders' funds |
|
|
|
884,697 |
|
|
895,040 |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
|
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
|
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
|
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime.
|
|
|
|
E J Devitt |
Director |
Approved by the board on 7 September 2017
|
|
Chiltern Instruments & Gauges Limited
|
Statement of Changes in Equity |
for the year ended 31 March 2017
|
|
|
|
Share |
|
|
Revaluation |
|
Profit |
|
Total |
|
|
capital |
|
|
reserve |
|
and loss |
|
|
|
|
|
|
|
account |
£ |
£ |
£ |
£ |
|
At 1 April 2015 |
110,000 |
|
|
746,443 |
|
81,003 |
|
937,446 |
|
Realised valuation gain |
(350,000) |
|
|
|
(350,000) |
Realised capital profit |
447,360 |
|
447,360 |
Profit on ordinary activities after tax |
|
|
|
|
|
|
195 |
|
195 |
Deferred taxation arising on the revaluation of land and buildings |
|
|
|
|
(79,289) |
|
|
|
(79,289) |
Tax on realised capital profit |
|
- |
|
|
|
|
(60,672) |
|
(60,672) |
Total comprehensive income for the financial year |
|
- |
|
|
|
|
|
|
- |
|
|
|
|
110,000 |
|
|
317,154 |
|
467,886 |
|
895,040 |
Correction of prior year errors |
- |
|
- |
|
- |
Effect of retrospective changes in accounting policies |
|
|
|
|
- |
|
- |
|
- |
At 31 March 2016 as restated |
110,000 |
|
|
317,154 |
|
467,886 |
|
895,040 |
|
|
|
|
|
|
|
|
|
|
|
|
At 1 April 2016 |
110,000 |
|
|
317,154 |
|
467,886 |
|
895,040 |
|
Loss on ordinary activities after tax |
|
|
|
|
|
|
(10,343) |
|
(10,343) |
|
|
At 31 March 2017 |
110,000 |
|
|
317,154 |
|
457,543 |
|
884,697 |
|
Chiltern Instruments & Gauges Limited
|
Notes to the Accounts |
for the year ended 31 March 2017
|
|
|
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
|
|
|
Turnover |
|
Turnover represents rents receivable
|
|
|
|
|
Freehold investment properties |
|
Freehold investment properties comprise properties retained as long-term investments and are held at independent valuation or recent cost. No depreciation has been provided in respect of investment properties as indicative present values exceed valuation or cost. One property was valued as at 26 July 2013 by Messrs Aitchison Rafferty, Chartered Surveyors, on an Open Market basis and the other property is shown at cost in 2016.
|
|
|
Taxation |
|
No tax is payable on ordinary profits/losses but deferred tax is provided on the revaluation surplus at the current rate of 20%
|
|
|
2 |
Exceptional items |
2017 |
|
2016 |
£ |
£ |
|
|
Profit on sale of freehold property |
- |
|
447,360 |
|
|
|
|
|
|
|
- |
|
447,360 |
|
|
|
|
|
|
|
|
|
|
|
|
3 |
Employees |
2017 |
|
2016 |
Number |
Number |
|
|
Average number of persons employed by the company |
3 |
|
3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4 |
Tangible fixed assets |
|
|
|
|
|
|
Land and buildings |
|
Total |
£ |
|
Cost |
|
At 1 April 2016 |
748,638 |
|
748,638 |
|
At 31 March 2017 |
748,638 |
|
748,638 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2016 |
- |
|
- |
|
Charge for the year |
- |
|
- |
|
Surplus on revaluation |
- |
|
- |
|
On disposals |
- |
|
- |
|
At 31 March 2017 |
- |
|
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2017 |
748,638 |
|
748,638 |
|
At 31 March 2016 |
748,638 |
|
748,638 |
|
|
|
|
|
|
|
|
|
|
|
Freehold land and buildings: |
2017 |
|
2016 |
£ |
£ |
|
Historical cost |
352,195 |
|
352,195 |
|
Cumulative depreciation based on historical cost |
- |
|
- |
|
|
|
|
|
|
352,195 |
|
352,195 |
|
|
5 |
Debtors |
2017 |
|
2016 |
£ |
£ |
|
|
Trade debtors |
1,661 |
|
1,108 |
|
Loan to a director |
35,000 |
|
- |
|
Other debtors |
2,065 |
|
250 |
|
|
|
|
|
|
38,726 |
|
1,358 |
|
|
|
|
|
|
|
|
|
|
|
6 |
Creditors: amounts falling due within one year |
2017 |
|
2016 |
£ |
£ |
|
|
Corporation tax |
- |
|
60,712 |
|
Other creditors |
5,300 |
|
4,093 |
|
|
|
|
|
|
5,300 |
|
64,805 |
|
|
|
|
|
|
|
|
|
|
|
7 |
Revaluation reserve |
2017 |
|
2016 |
£ |
£ |
|
|
At 1 April 2016 |
317,154 |
|
746,443 |
|
Transfer of realised gain |
- |
|
(350,000) |
|
Deferred taxation arising on the revaluation of land and buildings |
- |
|
(79,289) |
|
|
At 31 March 2017 |
317,154 |
|
317,154 |
|
|
|
|
|
|
|
|
|
|
8 |
Loans to directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
£ |
£ |
£ |
£ |
|
|
Mr K D Devitt
|
- |
|
35,000 |
|
- |
|
35,000 |
|
|
|
- |
|
35,000 |
|
- |
|
35,000 |
|
|
|
|
|
|
|
|
|
|
9 |
Controlling party |
|
|
No one shareholder has control over the Company's affairs but all beneficial shareholders are closely related.
|
|
|
10 |
Other information |
|
|
Chiltern Instruments & Gauges Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
The Old House |
|
194 Aylesbury Road, Bierton |
|
Aylesbury |
|
Bucks |
|
HP22 5DT |