Cheltenham Securities Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02840050 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2018

FOR

CHELTENHAM SECURITIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S W Edwards

W R Edwards

SECRETARY:

S W Edwards

REGISTERED OFFICE:

Ballitore

Cranes Lane

Lathom

Lancashire

L40 5UJ

REGISTERED NUMBER:

02840050 (England and Wales)

ACCOUNTANTS:

Hayes & Co

St Andrews House

3 Tarleton Office Park, Windgate

Tarleton

Preston

Lancashire

PR4 6JF

FIXED ASSETS

Tangible assets

3

40,500

40,500

Investments

4

354,764

419,763

395,264

460,263

CURRENT ASSETS

Cash at bank

185,998

149,347

CREDITORS

Amounts falling due within one year

5

3,802

1,500

NET CURRENT ASSETS

182,196

147,847

TOTAL ASSETS LESS CURRENT LIABILITIES

577,460

608,110

CAPITAL AND RESERVES

Called up share capital

110,000

110,000

Share premium

102,400

102,400

Capital redemption reserve

213,300

213,300

Retained earnings

151,760

182,410

SHAREHOLDERS' FUNDS

577,460

608,110

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 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 15 August 2019 and were signed on its behalf by:

S W Edwards - Director

1.	STATUTORY INFORMATION

Cheltenham Securities 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents rents receivable during the year.

Tangible fixed assets

In accordance with Financial Reporting Standard 102 investment properties are not depreciated.

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.

Fixed asset investments

Fixed asset investments which are listed investments are shown at fair value, using the mid price market

valuation.

3.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST OR VALUATION

At 1 January 2018

and 31 December 2018

40,500

NET BOOK VALUE

At 31 December 2018

40,500

At 31 December 2017

40,500

Cost or valuation at 31 December 2018 is represented by:

Freehold

property

£

Valuation in 2018

40,500

If land and buildings had not been revalued they would have been included at the following historical cost:

2018

2017

£

£

Cost

40,500

40,500

Land and buildings were valued on an open market basis on 31 December 2018 by the directors .

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 January 2018

420,263

Additions

6,335

Disposals

(26,835

)

Revaluations

(44,499

)

At 31 December 2018

355,264

PROVISIONS

At 1 January 2018

and 31 December 2018

500

NET BOOK VALUE

At 31 December 2018

354,764

At 31 December 2017

419,763

Cost or valuation at 31 December 2018 is represented by:

Other

investments

£

Valuation in 2018

355,264

If fixed asset investments had not been revalued they would have been included at the following historical cost:

2018

2017

£

£

Cost

321,304

321,304

Fixed asset investments were valued on an open market basis on 31 December 2018 by the director .

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Tax

2,302

-

Accrued expenses

1,500

1,500

3,802

1,500

6.	ULTIMATE CONTROLLING PARTY