CHARTGOLD_LIMITED - Accounts

CHARTGOLD LIMITED - Company Information

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Company Registration No. 04444925 (England and Wales)

CHARTGOLD LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED

31 MAY 2014

CHARTGOLD LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

CHARTGOLD LIMITED

ABBREVIATED BALANCE SHEET

AS AT 31 MAY 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

1,052,000

Current assets

Debtors

5,576

20,002

Cash at bank and in hand

35,121

13,092

40,697

33,094

Creditors: amounts falling due within one year

(958,501)

(970,481)

Net current liabilities

(917,804)

(937,387)

Total assets less current liabilities

134,196

114,613

Creditors: amounts falling due after more than one year

(176,500)

(42,304)

(61,887)

Capital and reserves

Called up share capital

Profit and loss account

(42,306)

(61,889)

Shareholders' funds

(42,304)

(61,887)

CHARTGOLD LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT 31 MAY 2014

- 2 -

For the financial year ended 31 May 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit of these financial statements in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit or loss for the 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 accounts, so far as applicable to the company.

These abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the Board for issue on 23 February 2015

A I Spencer

Director

Company Registration No. 04444925

CHARTGOLD LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2014

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis, as the directors have confirmed that funds will continue to be made available to enable the company to meet its day to day commitments for the forseeable future.The financial statements do not include any adjustments that might result from the withdrawal of this support and the directors are of the opinion that the going concern basis is therefore appropriate to the preparation of these financial statements.

1.2

Turnover

Turnover represents amounts receivable for rent.

1.3

Tangible fixed assets and depreciation

Investment property is valued annually and the aggregate surplus or deficit is transferred to reserves. No depreciation is provided in respect of investment property; this constitute a departure from the statutory rules requiring fixed assets to be depreciated over their economical useful lives and is necessary to enable the financial statements to give a true and fair view. Depreciation is only one of the many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

1.4

Deferred taxation

Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Fixed assets

Tangible assets

Cost

At 1 June 2013 & at 31 May 2014

1,052,000

At 31 May 2013

1,052,000

Creditors: amounts falling due after more than one year

2014

2013

Analysis of loans repayable in more than five years

Total not repayable by instalments and due in more than five years

176,500

The aggregate amount of creditors for which security has been given amounted to £1,016,109 (2013 - £1,016,109).

CHARTGOLD LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MAY 2014

- 4 -

Share capital

2014

2013

Allotted, called up and fully paid

2 Ordinary shares of £1 each

Ultimate parent company

A I Spencer is controlling party by virtue of 100% shareholding.