|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2017 |
|
FOR |
|
CAMERON CHASE LIMITED |
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2017 |
|
FOR |
|
CAMERON CHASE LIMITED |
CAMERON CHASE LIMITED (REGISTERED NUMBER: 03575536) |
|
|
|
|
|
|
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2017 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 4 |
|
CAMERON CHASE LIMITED |
|
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2017 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
The Old Bakery |
Green Street |
Lytham St Annes |
Lancashire |
FY8 5LG |
CAMERON CHASE LIMITED (REGISTERED NUMBER: 03575536) |
|
BALANCE SHEET |
31 MARCH 2017 |
|
31.3.17 | 31.3.16 |
Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
|
|
Tangible assets | 5 |
|
|
Investments | 6 |
|
|
|
|
|
CURRENT ASSETS |
Debtors | 7 |
|
|
Cash at bank and in hand |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 8 | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CAPITAL AND RESERVES |
Called up share capital |
|
|
Capital redemption reserve |
|
|
Retained earnings - non |
distributable |
|
|
Retained earnings |
|
|
SHAREHOLDERS' FUNDS |
|
|
|
|
|
|
|
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. |
CAMERON CHASE LIMITED (REGISTERED NUMBER: 03575536) |
|
BALANCE SHEET - continued |
31 MARCH 2017 |
|
|
|
|
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
|
The financial statements were approved by the Board of Directors on
|
|
|
|
|
|
|
|
|
|
|
CAMERON CHASE LIMITED (REGISTERED NUMBER: 03575536) |
|
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2017 |
|
1. | STATUTORY INFORMATION |
|
Cameron Chase Limited is a
|
registered number and registered office address can be found on the Company Information page. |
|
2. | ACCOUNTING POLICIES |
|
Revenue recognition |
|
|
Income is recognised when the Company earns the right to consideration, in exchange for the performance of a |
contract. |
|
Exemption from producing consolidated accounts |
The financial statements contain information about Cameron Chase Limited as an individual company and do not |
contain consolidated financial information as the parent of a group. The company is exempt under Section 248 of |
the Companies Act 1985 from the requirements to prepare consolidated financial statements. |
|
Turnover |
Turnover is the amount derived from ordinary activities and stated after trade discounts and net of value added |
tax. |
|
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less |
any accumulated amortisation and any accumulated impairment losses. |
|
|
|
Tangible fixed assets |
|
Plant and machinery etc | - |
|
|
Investments in subsidiaries and associates |
Investments in subsidiary and associate undertakings are recognised at cost. |
|
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. |
|
Current or deferred taxation assets and liabilities are not discounted. |
|
Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted |
or substantively enacted by the balance sheet date. |
|
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
|
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. |
|
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. |
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was
|
CAMERON CHASE LIMITED (REGISTERED NUMBER: 03575536) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2017 |
|
4. | INTANGIBLE FIXED ASSETS |
Other |
intangible |
assets |
£ |
COST |
At 1 April 2016 |
and 31 March 2017 |
|
AMORTISATION |
At 1 April 2016 |
|
Charge for year |
|
At 31 March 2017 |
|
NET BOOK VALUE |
At 31 March 2017 |
|
At 31 March 2016 |
|
|
5. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 April 2016 |
and 31 March 2017 |
|
DEPRECIATION |
At 1 April 2016 |
and 31 March 2017 |
|
NET BOOK VALUE |
At 31 March 2017 |
|
|
6. | FIXED ASSET INVESTMENTS |
Shares in | Interest |
group | in | Other |
undertakings | associate | investments | Totals |
£ | £ | £ | £ |
COST OR VALUATION |
At 1 April 2016 |
|
|
|
109,534 |
Disposals | ( |
) |
|
|
(75 | ) |
At 31 March 2017 |
|
|
|
109,459 |
NET BOOK VALUE |
At 31 March 2017 |
|
|
|
109,459 |
At 31 March 2016 |
|
|
|
109,534 |
CAMERON CHASE LIMITED (REGISTERED NUMBER: 03575536) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2017 |
|
6. | FIXED ASSET INVESTMENTS - continued |
|
Cost or valuation at 31 March 2017 is represented by: |
|
Shares in | Interest |
group | in | Other |
undertakings | associate | investments | Totals |
£ | £ | £ | £ |
Valuation in 2011 | - | - | 110,967 | 110,967 |
Valuation in 2014 | - | - | (45,888 | ) | (45,888 | ) |
Valuation in 2016 | - | - | 26,734 | 26,734 |
Cost | 175 | 50 | 17,421 | 17,646 |
175 | 50 | 109,234 | 109,459 |
|
If fixed asset investments had not been revalued they would have been included at the following historical cost: |
|
31.3.17 | 31.3.16 |
£ | £ |
Cost | 17,646 | 17,721 |
|
Fixed asset investments were valued on an open market basis on 31 March 2016 by the Director . |
|
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.17 | 31.3.16 |
£ | £ |
Trade debtors |
|
|
Other debtors |
|
|
Directors' loan accounts | - | 141 |
Deferred tax asset | - | 184 |
|
|
|
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.17 | 31.3.16 |
£ | £ |
Bank loans and overdrafts |
|
|
Tax |
|
|
Social security and other taxes |
|
|
Other creditors |
|
|
Accrued expenses |
|
|
|
|
|
9. | SECURED DEBTS |
|
The following secured debts are included within creditors: |
|
31.3.17 | 31.3.16 |
£ | £ |
Bank overdraft |
|
|
|
The bank overdraft is secured by way of a mortgage charge over the director's main private residence. |
|
10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
|
Dividends paid to Directors totalled £82,500. |
CAMERON CHASE LIMITED (REGISTERED NUMBER: 03575536) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2017 |
|
11. | RELATED PARTY DISCLOSURES |
|
During the year the Company received £112,032 (2016: £112,032) in respect of a joint employment recharge and supply of services to Wilds Financial Planning Ltd . The services were provided under normal commercial terms. |
|
During the year the Company received dividends from Wilds Financial Planning Ltd totalling £35,000 (2016:
£25,000). Wilds Financial Planning Ltd is an Associate of the Company and Mr J O'Hare and Mr R Cross are Directors in both Companies. . |
|
During the year the Company received dividends from MSC Financial Planning Ltd totalling £57,830 (2016: |
£52,227). MSC Financial Planning Ltd is a Subsidiary of the Company and Mr J O'Hare and Mr R Cross are |
Directors in both Companies. |
|
During the year the Company received dividends from Forbes Watson Financial Planning Ltd totalling £9,750 |
(2016: £10,500). Forbes Watson Financial Planning Ltd is a Subsidiary of the Company and Mr J O'Hare and Mr R |
Cross are Directors in both Companies. |
|
12. | ULTIMATE CONTROLLING PARTIES |
|
By virtue of his beneficial ownership of 85% of the issued share capital of the Company, Mr. J. O'Hare has control |
of the Company. |
|
13. | TRANSITION TO FRS 102 |
|
These financial statements for the year ended 31 March 2017 are the first financial statements that comply with |
FRS 102 Section 1A for small entities. The transition to FRS 102 Section 1A for small entities has resulted in a |
small number of changes in accounting policies to those used previously, as detailed below: |
|
1 April 2015 31 March 2016 |
£ £ |
|
Reserves (as previously stated) 65,084 101,972 |
|
Adjustment to revaluation reserve (65,079) (91,813) |
|
Recognition of fair value gain 65,079 91,813 |
|
Reserves (as restated) 65,084 101,972 |
|
|
Profit for the year after tax (as previously stated) 132,033 |
|
Recognition of fair value gain 26,734 |
|
Profit for the year after tax (as restated) 158,767 |