Chipiona Produce Limited - Accounts

Chipiona Produce Limited - Accounts

CHIPIONA PRODUCE LIMITED - Company Information

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Chipiona Produce Limited 03835359 Other Processing and Preserving of Fruit and Vegetables false 1 December 2017 03835359 2017-12-01 2018-11-30 03835359 2017-11-30 03835359 2018-11-30 03835359 2016-12-01 2017-11-30 03835359 2016-11-30 03835359 2017-11-30 03835359 frs102-bus:FRS102 2017-12-01 2018-11-30 03835359 frs102-bus:PrivateLimitedCompanyLtd 2017-12-01 2018-11-30 03835359 frs102-bus:FullAccounts 2017-12-01 2018-11-30 03835359 frs102-bus:AuditExempt-NoAccountantsReport 2017-12-01 2018-11-30 03835359 frs102-core:CurrentFinancialInstruments 2018-11-30 03835359 frs102-core:CurrentFinancialInstruments 2017-11-30 03835359 frs102-core:ShareCapital 2018-11-30 03835359 frs102-core:ShareCapital 2017-11-30 03835359 frs102-core:RetainedEarningsAccumulatedLosses 2018-11-30 03835359 frs102-core:RetainedEarningsAccumulatedLosses 2017-11-30 03835359 frs102-bus:Director1 2017-12-01 2018-11-30 03835359 frs102-core:CurrentFinancialInstruments 2017-12-01 2018-11-30 xbrli:pure iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares
Registered number
03835359
Chipiona Produce Limited
Draft Unaudited Accounts
for the year ended
30 November 2018
Chipiona Produce Limited
Balance Sheet
as at 30 November 2018
Notes
 2018
£		 2017
£
Current assets
Debtors 2 1,231,057 1,231,057
1,231,057 1,231,057
Creditors: amounts falling due within one year 3 (13,373) (11,275)
Net current assets / (liabilities) 1,217,684 1,219,782
Total assets less current liabilities 1,217,684 1,219,782
Accruals and deferred income (0) (825)
Total net assets (liabilities) 1,217,684 1,218,957
Capital and reserves
Called up share capital 200 200
Profit and loss account 1,217,484 1,218,757
Shareholders' funds 1,217,684 1,218,957

Chipiona Produce Limited
Balance Sheet
as at 30 November 2018



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

The directors have not delivered a copy of the company's Profit and Loss account as permitted by s444(5A) of the Companies Act 2006.

For the year ending 30 November 2018 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Signed on behalf of the board of directors

...............................

Mr P Knights

Director


Approved by the board on 27 November 2019

Company Number: 03835359 (a Private Company Limited by Shares registered in England and Wales)

Registered Office:

7 The Close
Norwich
Norfolk
NR1 4DJ
England

Chipiona Produce Limited
Notes to the Accounts
for the year ended 30 November 2018

1. Accounting policies

Basis of preparation of financial statements
These financial statements have been prepared under the historic cost convention in accordance with the accounting policies set out below and with section 1A of FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The presentation currency is sterling.
Tangible fixed assets depreciation policy
Tangible fixed assets are stated at cost less accumulated depreciation and impairment losses. Depreciation is provided, after taking account of any grants receivable, at rates calculated to write off the cost of fixed assets, less the estimated residual value, over their estimated useful lives.
2. Debtors
2018 2017
£ £
Amounts owed by group undertakings and participating interests 1,226,271 1,226,271
Other debtors 4,786 4,786
1,231,057 1,231,057

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction cost, and are measured subsequently at amortised cost using the effective interest method, less any impairment.


3. Creditors: amounts falling due within one year
2018 2017
£ £
Trade creditors 11,872 9,774
Other creditors 1,501 1,501
13,373 11,275

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


4. Related party disclosures

Controlling party
Chipiona Produce Limited is the parent company of Watton Produce Company Limited. At the year end the company was owed 1,226,271.