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Chipping Dawson Enterprises Limited | ||||
Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of Chipping Dawson Enterprises Limited for the year ended 31 October 2015 | ||||
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Chipping Dawson Enterprises Limited for the year ended 31 October 2015 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us. | ||||
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook. |
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This report is made solely to the Board of Directors of Chipping Dawson Enterprises Limited, as a body, in accordance with the terms of our engagement letter dated 30 December 2011. Our work has been undertaken solely to prepare for your approval the accounts of Chipping Dawson Enterprises Limited and state those matters that we have agreed to state to the Board of Directors of Chipping Dawson Enterprises Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Chipping Dawson Enterprises Limited and its Board of Directors as a body for our work or for this report. | ||||
It is your duty to ensure that Chipping Dawson Enterprises Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Chipping Dawson Enterprises Limited. You consider that Chipping Dawson Enterprises Limited is exempt from the statutory audit requirement for the year. | ||||
We have not been instructed to carry out an audit or a review of the accounts of Chipping Dawson Enterprises Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the abbreviated accounts. | ||||
T G Associates Limited | ||||
Chartered Accountants | ||||
Monument House | ||||
7 Jardine House | ||||
Harrovian Business Village | ||||
Bessborough Road, Harrow | ||||
HA1 3EX | ||||
11 January 2016 | ||||
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Abbreviated Balance Sheet | |||||||
as at |
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Notes | 2015 | 2014 | |||||
£ | £ | ||||||
Fixed assets | |||||||
Tangible assets | 3 |
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Current assets | |||||||
Cash at bank and in hand |
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Creditors: amounts falling due within one year | ( |
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Net current liabilities | ( |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year | ( |
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Net assets/(liabilities) |
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Capital and reserves | |||||||
Called up share capital | 4 |
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Profit and loss account |
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Shareholders' funds |
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Mr D Chipping | |||||||
Director | |||||||
Approved by the board on |
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Notes to the Abbreviated Accounts | ||||||||
for the year ended |
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1 | Accounting policies | |||||||
Basis of preparation | ||||||||
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Turnover | ||||||||
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2 | Investment Properties | |||||||
Investment properties are shown at their open market value. The surplus or deficit arising from the valuation is transferred to the investment revaluation reserve unless a deficit, or its reversal, or an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year. This is in accordance with the FRSSE which, unlike Schedule 4 of the Companies Act 1985, does not require depreciation of investment properties. Investment properties are held for their investment potential and not for use by the company and so their current value is of prime importance. The departure from the provisions of the Act is required in order to give a true and fair view. As the company has no depreciation policy, it is not possible to quantify the effect of this departure from the Companies Act provisions. In the opinion of the directors the value of the investment properties is equivalent to its market value. |
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3 | Tangible fixed assets | £ | ||||||
Cost | ||||||||
At 1 November 2014 |
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At 31 October 2015 |
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Depreciation | ||||||||
At 31 October 2015 | - | |||||||
Net book value | ||||||||
At 31 October 2015 |
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At 31 October 2014 |
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4 | Share capital | Nominal | 2015 | 2015 | 2014 | |||
value | Number | £ | £ | |||||
Allotted, called up and fully paid: | ||||||||
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£ |
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5 | Loans to directors | |||||||
Description and conditions | B/fwd | Paid | Repaid | C/fwd | ||||
£ | £ | £ | £ | |||||
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