Company Registration No. 03865228 (England and Wales)
THE CAMDEN CHASE MANAGEMENT COMPANY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016
PAGES FOR FILING WITH REGISTRAR
THE CAMDEN CHASE MANAGEMENT COMPANY LIMITED
COMPANY INFORMATION
Directors
D Corcoran
C Franklin
Secretary
Burkinshaw Management Ltd
Company number
03865228
Registered office
5 Birling Road
Tunbridge Wells
Kent
TN2 5LX
Accountants
Perrys Accountants Limited
Chartered Accountants
32-34 St John's Road
Tunbridge Wells
Kent
TN4 9NT
Bankers
Lloyds Bank plc
82 Mount Pleasant Road
Tunbridge Wells
Kent
TN1 1RP
B B M RE CLIENT CAMDEN CHSE MGMT LTD
Account no.: 03143824
Sort code: 30-98-77
THE CAMDEN CHASE MANAGEMENT COMPANY LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
THE CAMDEN CHASE MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 03865228)
BALANCE SHEET
AS AT
31 DECEMBER 2016
31 December 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
100
100
Current assets
Debtors
3
1,319
690
Cash at bank and in hand
5,824
7,076
7,143
7,766
Creditors: amounts falling due within one year
4
(677)
(1,513)
Net current assets
6,466
6,253
Total assets less current liabilities
6,566
6,353
Capital and reserves
Called up share capital
5
27
27
Revaluation reserve
6
100
100
Other reserves
7
6,439
6,226
Total equity
6,566
6,353
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 31 December 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
T he directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
he directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 .
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
THE CAMDEN CHASE MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 03865228)
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2016
31 December 2016
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 31 July 2017 and are signed on its behalf by:
D Corcoran
C Franklin
Director
Director
THE CAMDEN CHASE MANAGEMENT COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016
- 3 -
1
Accounting policies
Company information
The Camden Chase Management Company Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
5 Birling Road, Tunbridge Wells, Kent, TN2 5LX.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £
1
.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
These financial statements for the year ended 31 December 2016
are the
first
financial statements of The Camden Chase Management Company Limited prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. The date of transition to FRS 102 was 1 January 2015. The reported financial position and financial performance for the previous period are not affected by the transition to FRS 102.
1.2
Turnover
Turnover represents service charges demanded in the period and net bank interest received.
represents service charges demanded in the period and net bank interest received.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Land and buildings Freehold
not provided
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and
is credited or charged to profit or loss
.
1.4
Impairment of fixed assets
At each reporting
period
end date, the
company
reviews the carrying amounts of its tangible
assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company
estimates the recoverable amount of the cash-generating unit to which the asset belongs.
THE CAMDEN CHASE MANAGEMENT COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2016
1
Accounting policies
(Continued)
- 4 -
1.5
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
2
Tangible fixed assets
Land and buildings Freehold
£
Cost
At 1 January 2016 and 31 December 2016
100
Depreciation and impairment
At 1 January 2016 and 31 December 2016
-
Carrying amount
At 31 December 2016
100
At 31 December 2015
100
3
Debtors
2016
2015
Amounts falling due within one year:
£
£
Other debtors
1,319
690
4
Creditors: amounts falling due within one year
2016
2015
£
£
Corporation tax
4
-
Other creditors
673
1,513
677
1,513
5
Called up share capital
2016
2015
£
£
Ordinary share capital
Issued and fully paid
27 Ordinary of £1 each
27
27
6
Revaluation reserve
THE CAMDEN CHASE MANAGEMENT COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2016
6
Revaluation reserve
(Continued)
- 5 -
2016
2015
£
£
At beginning and end of year
100
100
7
Other reserves
Other reserves
£
At 1 January 2015
6,269
Surplus/(deficit) in period
(43)
At 31 December 2015
6,227
Surplus/(deficit) in period
212
At 31 December 2016
6,439