Chapel Court Micklefield Limited - Period Ending 2018-08-31

Registered number: 05211370

Chapel Court Micklefield Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 August 2018

Chapel Court Micklefield Limited

Balance Sheet as at 31 August 2018

	Note	2018 £	2017 £
Current assets
Debtors	4	1,806	1,773
Cash at bank and in hand		2,728	2,490
		4,534	4,263
Creditors: Amounts falling due within one year	5	(1,606)	(1,344)
Net assets		2,928	2,919
Capital and reserves
Called up share capital		6	6
Profit and loss account		2,922	2,913
Total equity		2,928	2,919

For the financial year ending 31 August 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 16 May 2019 and signed on its behalf by:
 

J Foley - Director
Chapel Court Micklefield Limited (Registered number: 05211370)

Chapel Court Micklefield Limited

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

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
18 Hall Farm Park
Old Micklefield
Leeds
West Yorkshire
LS25 4DP

These financial statements were authorised for issue by the Board on 16 May 2019.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for service charges and ground rents in the ordinary course of the company’s activities.

The company recognises revenue when:
The amount of revenue can be reliably measured;

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company during the year, was 0 (2017 - 0).

Chapel Court Micklefield Limited

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

4

Debtors

	2018 £	2017 £
Service charges owing	957	889
Prepayments	849	884
Total current trade and other debtors	1,806	1,773

5

Creditors

Creditors: amounts falling due within one year

	Note	2018 £	2017 £
Due within one year
Trade creditors		918	918
Accrued expenses		688	426
		1,606	1,344