Abbreviated Company Accounts - CHASE MILTON ENERGY LIMITED

CHASE MILTON ENERGY LIMITED - Company Information

Registered Number 05175790

CHASE MILTON ENERGY LIMITED

Abbreviated Accounts

31 July 2014

CHASE MILTON ENERGY LIMITED Registered Number 05175790

Abbreviated Balance Sheet as at 31 July 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets		-	-
Tangible assets	2	23,371	24,652
Investments	3	2,000	-
		25,371	24,652
Current assets
Stocks		-	421,086
Debtors		2,367,801	4,523
Cash at bank and in hand		56,107	21,590
		2,423,908	447,199
Creditors: amounts falling due within one year		(2,325,998)	(459,935)
Net current assets (liabilities)		97,910	(12,736)
Total assets less current liabilities		123,281	11,916
Total net assets (liabilities)		123,281	11,916
Capital and reserves
Called up share capital		300	200
Share premium account		229,702	129,802
Profit and loss account		(106,721)	(118,086)
Shareholders' funds		123,281	11,916

For the year ending 31 July 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 29 April 2015

And signed on their behalf by:
Henry Egerton, Director

CHASE MILTON ENERGY LIMITED Registered Number 05175790

Notes to the Abbreviated Accounts for the period ended 31 July 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.

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

Tangible assets depreciation policy
Tangible fixed assets 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:

Plant and machinery 5% straight line
Office equipment 25% straight line

Other accounting policies
Investments: fixed asset investments are stated at cost less provision for diminution in value.

Stock and work in progress: expenditure incurred in securing options over sites and the associated planning permissions and other project expenses are treated as work in progress unless there is evidence to suggest the costs may not be recoverable from future revenue streams.

2Tangible fixed assets

	£
Cost
At 1 August 2013	30,658
Additions	1,155
Disposals	0
Revaluations	0
Transfers	0
At 31 July 2014	31,813
Depreciation
At 1 August 2013	6,006
Charge for the year	2,436
On disposals	0
At 31 July 2014	8,442
Net book values
At 31 July 2014	23,371
At 31 July 2013	24,652

3Fixed assets Investments
The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital and reserves Profit/(loss) for
2014 the year 2014
Company Name Principal activity £ £
Durpley WT Limited Production of Electricity 156755 (19869)
Elms WT Limited Production of Electricity 1 -
GVO/CME Wind No 17 Limited Production of Electricity 178492 (2007)
GVO/CME Wind No 18 Limited Production of Electricity (3373) (4101)
Reperry WT Limited Production of Electricity 1 -
Warren WT Limited Production of Electricity 1 -
Weston Town Limited Production of Electricity 172732 (2268)