CHAINWALK LIMITED

CHAINWALK LIMITED

CHAINWALK LIMITED - Company Information

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CHAINWALK LIMITED

Company Registration Number:
02926083 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2019

Period of accounts

Start date: 01 July 2018

End date: 30 June 2019

CHAINWALK LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2019

Balance sheet
Notes

CHAINWALK LIMITED

Balance sheet

As at 30 June 2019


Notes
2019
2018


£
£
Fixed assets
Tangible assets: 2 920,000 920,000
Total fixed assets: 920,000 920,000
Current assets
Debtors:   27,000 27,000
Cash at bank and in hand: 75,342 59,794
Total current assets: 102,342 86,794
Creditors: amounts falling due within one year:   (319,826) (310,532)
Net current assets (liabilities): (217,484) (223,738)
Total assets less current liabilities: 702,516 696,262
Creditors: amounts falling due after more than one year:     (2,521)
Total net assets (liabilities): 702,516 693,741
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 702,416 693,641
Shareholders funds: 702,516 693,741

The notes form part of these financial statements

CHAINWALK LIMITED

Balance sheet statements

For the year ending 30 June 2019 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 04 December 2019
and signed on behalf of the board by:

Name: R Sloan
Status: Director

The notes form part of these financial statements

CHAINWALK LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2019

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Tangible fixed assets and depreciation policy

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss. Where fair value cannot be achieved without undue cost or effort, investment property is accounted for as tangible fixed assets.

CHAINWALK LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2019

2. Tangible Assets

Total
Cost £
At 01 July 2018 920,000
At 30 June 2019 920,000
Depreciation
At 01 July 2018 0
At 30 June 2019 0
Net book value
At 30 June 2019 920,000
At 30 June 2018 920,000