Chris Swallow Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08028754 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2019

FOR

CHRIS SWALLOW LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

C J Swallow

REGISTERED OFFICE:

The Malt House

Warrington Road

Bartington

Northwich

Cheshire

CW8 4QU

REGISTERED NUMBER:

08028754 (England and Wales)

ACCOUNTANTS:

Michael Donnan & Co Limited

Oaktree Court Business Centre

Mill Lane

Ness

Cheshire

CH64 8TP

FIXED ASSETS

Tangible assets

4

77

194

Investment property

5

115,360

-

115,437

194

CURRENT ASSETS

Debtors

6

134,325

177,898

Cash at bank

17,051

26,402

151,376

204,300

CREDITORS

Amounts falling due within one year

7

17,125

17,993

NET CURRENT ASSETS

134,251

186,307

TOTAL ASSETS LESS CURRENT LIABILITIES

249,688

186,501

CREDITORS

Amounts falling due after more than one year

8

72,896

-

NET ASSETS

176,792

186,501

CAPITAL AND RESERVES

Called up share capital

10

1

1

Retained earnings

11

176,791

186,500

SHAREHOLDERS' FUNDS

176,792

186,501

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 23 March 2020 and were signed by:

C J Swallow - Director

1.	STATUTORY INFORMATION

Chris Swallow 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.

The presentation currency of the financial statements is the Pound Sterling (£).

Transactions are rounded to the nearest £.

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 is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit

arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income

Statement, except to the extent that it relates to items recognised in other comprehensive

income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that

have been enacted or substantively enacted by the balance sheet date.

Deferred tax

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

reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in

periods different from those in which they are recognised in financial statements. Deferred

tax is measured using tax rates and laws that have been enacted or substantively enacted

by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it

is probable that they will be recovered against the reversal of deferred tax liabilities or other

future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2019

and 31 December 2019

2,747

DEPRECIATION

At 1 January 2019

2,553

Charge for year

117

At 31 December 2019

2,670

NET BOOK VALUE

At 31 December 2019

77

At 31 December 2018

194

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

115,360

At 31 December 2019

115,360

NET BOOK VALUE

At 31 December 2019

115,360

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/19

31/12/18

£

£

Other debtors

134,325

177,898

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/19

31/12/18

£

£

Bank loans and overdrafts (see note 9)

2,021

-

Tax

-

920

Directors' current accounts

14,504

17,073

Accrued expenses

600

-

17,125

17,993

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/12/19

31/12/18

£

£

Bank loans (see note 9)

72,896

-

9.

LOANS

An analysis of the maturity of loans is given below:

31/12/19

31/12/18

£

£

Amounts falling due within one year or on demand:

Bank loans

2,021

-

Amounts falling due between one and two years:

Bank loans - 1-2 years

2,091

-

Amounts falling due between two and five years:

Bank loans - 2-5 years

70,805

-

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/12/19

31/12/18

value:

£

£

1

Ordinary

£1

1

1

11.

RESERVES

Retained

earnings

£

At 1 January 2019

186,500

Deficit for the year

(8,209

)

Dividends

(1,500

)

At 31 December 2019

176,791