Abbreviated Company Accounts - CHASEGROUND PROPERTY MANAGEMENT LIMITED

CHASEGROUND PROPERTY MANAGEMENT LIMITED - Company Information

Registered Number 05828440

CHASEGROUND PROPERTY MANAGEMENT LIMITED

Abbreviated Accounts

31 May 2014

CHASEGROUND PROPERTY MANAGEMENT LIMITED Registered Number 05828440

Abbreviated Balance Sheet as at 31 May 2014

	Notes	2014	2013
		£	£
Called up share capital not paid		-	-
Fixed assets
Intangible assets		-	-
Tangible assets	2	500	500
Investments		-	-
		500	500
Current assets
Stocks		-	-
Debtors		-	-
Investments		-	-
Cash at bank and in hand		-	-
		-	-
Prepayments and accrued income		-	-
Creditors: amounts falling due within one year		(495)	(495)
Net current assets (liabilities)		(495)	(495)
Total assets less current liabilities		5	5
Creditors: amounts falling due after more than one year		0	0
Total net assets (liabilities)		5	5
Capital and reserves
Called up share capital		5	5
Shareholders' funds		5	5

For the year ending 31 May 2014 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.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 19 March 2015

And signed on their behalf by:
Robin Church, Director

CHASEGROUND PROPERTY MANAGEMENT LIMITED Registered Number 05828440

Notes to the Abbreviated Accounts for the period ended 31 May 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

2Tangible fixed assets

	£
Cost
At 1 June 2013	500
Additions	0
Disposals	0
Revaluations	0
Transfers	0
At 31 May 2014	500
Depreciation
At 1 June 2013	0
Charge for the year	0
On disposals	0
At 31 May 2014	0
Net book values
At 31 May 2014	500
At 31 May 2013	500

1. No depreciation is provided on the company's freehold properties since, in the opinion of the directors, the expected useful lives are sufficiently long, and the estimated residual values are sufficiently high that any depreciation would be immaterial. The directors undertake an annual impairment review of these properties.

2. Income from leaseholders is charged to the five leaseholders in the proportions:
Flat A - 2/6ths
Flat B - 1/6th
Flat C - 1/6th
Flat D - 1/6th
Flat E - 1/6th

3. Fixed asset is the freehold for 29 Churchfield Road. Purchased on 6th August 2007 for £500

4. The creditors are the shareholders of Chaseground Property Management Ltd, and the loan is for a period in excess of five years.

5. Called up share capital of 5 £1 ordinary shares with equal voting rights