CHANTRY (IPSWICH) LIMITED - Accounts to registrar (filleted) - small 18.2

CHANTRY (IPSWICH) LIMITED - Accounts to registrar (filleted) - small 18.2

CHANTRY (IPSWICH) LIMITED - Company Information

Print Friendly Version

IRIS Accounts Production v19.1.0.737 00945994 Board of Directors 1.1.18 31.12.18 31.12.18 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure009459942017-12-31009459942018-12-31009459942018-01-012018-12-31009459942016-12-31009459942017-01-012017-12-31009459942017-12-3100945994ns15:EnglandWales2018-01-012018-12-3100945994ns14:PoundSterling2018-01-012018-12-3100945994ns10:Director12018-01-012018-12-3100945994ns10:PrivateLimitedCompanyLtd2018-01-012018-12-3100945994ns10:SmallEntities2018-01-012018-12-3100945994ns10:AuditExempt-NoAccountantsReport2018-01-012018-12-3100945994ns10:SmallCompaniesRegimeForDirectorsReport2018-01-012018-12-3100945994ns10:SmallCompaniesRegimeForAccounts2018-01-012018-12-3100945994ns10:FullAccounts2018-01-012018-12-3100945994ns10:Director32018-01-012018-12-3100945994ns10:RegisteredOffice2018-01-012018-12-3100945994ns5:CurrentFinancialInstruments2018-12-3100945994ns5:CurrentFinancialInstruments2017-12-3100945994ns5:ShareCapital2018-12-3100945994ns5:ShareCapital2017-12-3100945994ns5:RetainedEarningsAccumulatedLosses2018-12-3100945994ns5:RetainedEarningsAccumulatedLosses2017-12-3100945994ns5:PlantMachinery2018-01-012018-12-3100945994ns5:PlantMachinery2017-12-3100945994ns5:PlantMachinery2018-12-3100945994ns5:PlantMachinery2017-12-31


REGISTERED NUMBER: 00945994 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 December 2018

for

CHANTRY (IPSWICH) LIMITED
CHANTRY (IPSWICH) LIMITED (Registered number: 00945994)






Contents of the Financial Statements
for the Year Ended 31 December 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CHANTRY (IPSWICH) LIMITED

Company Information
for the Year Ended 31 December 2018







DIRECTORS: Mr P Benfield
Mr S Fletcher





REGISTERED OFFICE: 5 Church Street
Framlingham
Woodbridge
Suffolk
IP13 9BQ





REGISTERED NUMBER: 00945994 (England and Wales)





ACCOUNTANTS: Turner & Ellerby
Chartered Certified Accountants
5 Church Street
Framlingham
Woodbridge
Suffolk
IP13 9BQ
Page 1
CHANTRY (IPSWICH) LIMITED (Registered number: 00945994)

Balance Sheet
31 December 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 179,330 179,330
179,330 179,330

CURRENT ASSETS
Debtors 6 797 1,672
Cash at bank 86,449 83,203
87,246 84,875
CREDITORS
Amounts falling due within one year 7 13,396 11,516
NET CURRENT ASSETS 73,850 73,359
TOTAL ASSETS LESS CURRENT
LIABILITIES
253,180
252,689

CAPITAL AND RESERVES
Called up share capital 36,000 36,000
Retained earnings 217,180 216,689
SHAREHOLDERS' FUNDS 253,180 252,689

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 in accordance with Section 476 of the Companies Act 2006.

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.

The notes form part of these financial statements

Page 2 continued...
CHANTRY (IPSWICH) LIMITED (Registered number: 00945994)

Balance Sheet - continued
31 December 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 7 May 2019 and were signed on its
behalf by:





Mr P Benfield - Director


The notes form part of these financial statements

Page 3
CHANTRY (IPSWICH) LIMITED (Registered number: 00945994)

Notes to the Financial Statements
for the Year Ended 31 December 2018

1. STATUTORY INFORMATION

CHANTRY (IPSWICH) LIMITED is a private company, limited by shares , registered in England and
Wales. The company's registered number and registered office address can be found on the Company
Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding
discounts, rebates, value added tax and other sales taxes.

For this company turnover represents rental income received excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - at variable rates on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from
changes in fair value is recognised in profit or loss.

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 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 2 (2017 - 2 ) .

Page 4 continued...
CHANTRY (IPSWICH) LIMITED (Registered number: 00945994)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2018

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 January 2018
and 31 December 2018 3,148
DEPRECIATION
At 1 January 2018
and 31 December 2018 3,148
NET BOOK VALUE
At 31 December 2018 -
At 31 December 2017 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2018
and 31 December 2018 179,330
NET BOOK VALUE
At 31 December 2018 179,330
At 31 December 2017 179,330

For the year ended 31st December 2018 the directors' reviewed the valuation of the investment
property on an open market basis and were of the opinion that no revaluation adjustment was
required.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Prepayments 797 1,672

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Social security and other taxes 400 -
Other creditors 9,816 9,816
Accrued expenses 3,180 1,700
13,396 11,516

Page 5