Chess Property Consultants Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05040720 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2014

FOR

CHESS PROPERTY CONSULTANTS LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Chartered Accountants' Report

5

DIRECTOR:

A G Howse

SECRETARY:

Kerry Secretarial Services Ltd

REGISTERED OFFICE:

c/o Cox Costello

Langwood House

63-81 High Street

Rickmansworth

Hertfordshire

WD3 1EQ

REGISTERED NUMBER:

05040720 (England and Wales)

ACCOUNTANTS:

Cox Costello & Horne Limited

Chartered Accountants and Chartered Tax Advisers

Langwood House

63-81 High Street

Rickmansworth

Hertfordshire

WD3 1EQ

FIXED ASSETS

Tangible assets

2

276

697

Investments

3

-

10,500

276

11,197

CURRENT ASSETS

Debtors

4

119,459

132,982

Prepayments and accrued income

-

258

Cash at bank

2,703

2,263

122,162

135,503

CREDITORS

Amounts falling due within one year

49,368

41,161

NET CURRENT ASSETS

72,794

94,342

TOTAL ASSETS LESS CURRENT LIABILITIES

73,070

105,539

CAPITAL AND RESERVES

Called up share capital

5

100

100

Profit and loss account

72,970

105,439

SHAREHOLDERS' FUNDS

73,070

105,539

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 30 March 2015 and were signed by:

A G Howse - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net income of VAT (Gross income in previous years) from the provision of services by the

company, the company uses the flat rate scheme to account for value added tax. Under this scheme the

difference between the amount of VAT collected from customers and paid to HMRC is accounted for through the

Profit & Loss account.

VAT is paid to HMRC on the cash accounting basis.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2013

7,385

Additions

368

At 30 June 2014

7,753

DEPRECIATION

At 1 July 2013

6,688

Charge for year

789

At 30 June 2014

7,477

NET BOOK VALUE

At 30 June 2014

276

At 30 June 2013

697

3.	FIXED ASSET INVESTMENTS

Loans

£

At 1 July 2013

10,500

Share of profit/(loss)

(10,500

)

At 30 June 2014

-

4.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 78,100 (30.6.13 - £ 65,000 )

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.14

30.6.13

value:

£

£

100

Ordinary

1

100

100

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

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four)

have been prepared.

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

financial statements of Chess Property Consultants Ltd for the year ended 30 June 2014 which comprise the Profit and

Loss Account, the 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 at icaew.com/membershandbook.

This report is made solely to the director of Chess Property Consultants Ltd in accordance with our terms of

engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Chess

Property Consultants Ltd and state those matters that we have agreed to state to the director of Chess Property

Consultants Ltd in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent

permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our

work or for this report.

It is your duty to ensure that Chess Property Consultants Ltd 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 Chess

Property Consultants Ltd. You consider that Chess Property Consultants Ltd 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 Chess Property Consultants

Ltd. 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.

Cox Costello & Horne Limited

Chartered Accountants and Chartered Tax Advisers

Langwood House

63-81 High Street

Rickmansworth

Hertfordshire

WD3 1EQ

Date: .............................................