Chester House Freehold Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07315522 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 24 MARCH 2019

FOR

CHESTER HOUSE FREEHOLD

LIMITED

DIRECTORS:

Mrs J Denny

Mr B Thomas

Ms R J Parris

REGISTERED OFFICE:

Lansdowne House

Christchurch Road

Bournemouth

Dorset

BH1 3JW

REGISTERED NUMBER:

07315522 (England and Wales)

ACCOUNTANTS:

Carter & Coley

3 Durrant Road

Bournemouth

Dorset

BH2 6NE

FIXED ASSETS

Tangible assets

4

11,001

11,001

CURRENT ASSETS

Debtors

5

6

109

Cash at bank

1,576

1,251

1,582

1,360

CREDITORS

Amounts falling due within one year

6

172

465

NET CURRENT ASSETS

1,410

895

TOTAL ASSETS LESS CURRENT LIABILITIES

12,411

11,896

CREDITORS

Amounts falling due after more than one year

7

12,552

12,552

NET LIABILITIES

(141

)

(656

)

CAPITAL AND RESERVES

Called up share capital

8

6

6

Retained earnings

(147

)

(662

)

SHAREHOLDERS' FUNDS

(141

)

(656

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 24 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 24 March 2019 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors on 21 August 2019 and were signed on its behalf by:

Ms R J Parris - Director

1.	STATUTORY INFORMATION

Chester House Freehold 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 for the year represents ground rent demanded.

Tangible fixed assets

All fixed assets are initially recorded at cost

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - NIL).

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 25 March 2018

and 24 March 2019

11,001

NET BOOK VALUE

At 24 March 2019

11,001

At 24 March 2018

11,001

The company acquired the freehold interest in February 2013.

The value of the freehold has been written down by 6/8ths of original cost in respect of the original

participators. The value of the freehold in respect of the original participators has been transferred to

the long leases they hold.

During the year one of the non-participators purchased a lease extension and the value of the freehold

has been reduced by a further 1/8th

The value of the freehold carried forward is equivalent to the value of the remaining non-participator's

share.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Other debtors

6

6

Corporation tax

-

103

6

109

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Corporation tax

100

100

Other creditors

72

365

172

465

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Members loans

12,552

12,552

The 6 original participators loaned funds to the company to acquire the freehold interest. These loans

are interest free and have no set terms for repayment.

The funds were reduced during the year when on the non-participators purchased a lease extension.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

6

ordinary

£1

6

6

The following reproduces the text of the report prepared for the directors in respect of the company's

annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain

other primary statements and the Report of the Directors are not required to be filed with the

Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your

approval the financial statements of Chester House Freehold Limited for the year ended 24 March 2019

which comprise the Profit and loss account, Balance Sheet and the related notes from the company's

accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Chester House Freehold Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Chester House Freehold Limited and state those matters that we have agreed to state to the Board of Directors of Chester House Freehold Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Chester House Freehold Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Chester House Freehold Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Chester House Freehold Limited. You consider that Chester House Freehold Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Chester House Freehold Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Carter & Coley

3 Durrant Road

Bournemouth

Dorset

BH2 6NE

21 August 2019