Abbreviated Company Accounts - CHURCHWARD PROPERTIES LIMITED

Abbreviated Company Accounts - CHURCHWARD PROPERTIES LIMITED


Registered Number 04977416

CHURCHWARD PROPERTIES LIMITED

Abbreviated Accounts

30 June 2014

CHURCHWARD PROPERTIES LIMITED Registered Number 04977416

Abbreviated Balance Sheet as at 30 June 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 428,035 429,176
428,035 429,176
Current assets
Debtors 59,877 44,583
Cash at bank and in hand 989 -
60,866 44,583
Creditors: amounts falling due within one year 3 (2,711) (2,900)
Net current assets (liabilities) 58,155 41,683
Total assets less current liabilities 486,190 470,859
Creditors: amounts falling due after more than one year 3 (423,297) (423,205)
Total net assets (liabilities) 62,893 47,654
Capital and reserves
Called up share capital 4 100,001 100,001
Revaluation reserve 159,103 159,103
Profit and loss account (196,211) (211,450)
Shareholders' funds 62,893 47,654
  • For the year ending 30 June 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 31 March 2015

And signed on their behalf by:
N W Churchward, Director

CHURCHWARD PROPERTIES LIMITED Registered Number 04977416

Notes to the Abbreviated Accounts for the period ended 30 June 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.

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Freehold 2% on cost
Plant and machinery 15% on net book value
Motor vehicles 25% on net book value

2Tangible fixed assets
£
Cost
At 1 July 2013 437,830
Additions -
Disposals -
Revaluations -
Transfers -
At 30 June 2014 437,830
Depreciation
At 1 July 2013 8,654
Charge for the year 1,141
On disposals -
At 30 June 2014 9,795
Net book values
At 30 June 2014 428,035
At 30 June 2013 429,176
3Creditors
2014
£
2013
£
Secured Debts 423,297 423,205
4Called Up Share Capital
Allotted, called up and fully paid:
2014
£
2013
£
100,001 Ordinary shares of £1 each 100,001 100,001