Cheltenham Securities Limited - Accounts to registrar (filleted) - small 18.2

Cheltenham Securities Limited - Accounts to registrar (filleted) - small 18.2

CHELTENHAM SECURITIES LIMITED - Company Information

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REGISTERED NUMBER: 02840050 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2019

FOR

CHELTENHAM SECURITIES LIMITED
CHELTENHAM SECURITIES LIMITED (REGISTERED NUMBER: 02840050)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CHELTENHAM SECURITIES LIMITED

COMPANY INFORMATION
for the year ended 31 December 2019







DIRECTORS: S W Edwards
W R Edwards





SECRETARY: S W Edwards





REGISTERED OFFICE: Ballitore
Cranes Lane
Lathom
Lancashire
L40 5UJ





REGISTERED NUMBER: 02840050 (England and Wales)





ACCOUNTANTS: Hayes & Co
Chartered Accountants
St Andrews House
11 Dalton Ct,Commercial Rd
Blackburn Interchange
Darwen
Lancashire
BB3 0DG
Page 1
CHELTENHAM SECURITIES LIMITED (REGISTERED NUMBER: 02840050)

BALANCE SHEET
31 December 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 40,500 40,500
Investments 5 386,176 354,764
426,676 395,264

CURRENT ASSETS
Cash at bank 153,428 185,998

CREDITORS
Amounts falling due within one year 6 3,491 3,802
NET CURRENT ASSETS 149,937 182,196
TOTAL ASSETS LESS CURRENT
LIABILITIES
576,613
577,460

CAPITAL AND RESERVES
Called up share capital 110,000 110,000
Share premium 102,400 102,400
Capital redemption reserve 213,300 213,300
Retained earnings 150,913 151,760
SHAREHOLDERS' FUNDS 576,613 577,460

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 directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2020 and were signed on its behalf by:



S W Edwards - Director


The notes form part of these financial statements

Page 2
CHELTENHAM SECURITIES LIMITED (REGISTERED NUMBER: 02840050)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2019

1. STATUTORY INFORMATION

Cheltenham Securities 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rents receivable during the year.

Tangible fixed assets
In accordance with Financial Reporting Standard 102 investment properties are not depreciated.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Fixed asset investments
Fixed asset investments which are listed investments are shown at fair value, using the mid price market valuation.

3. EMPLOYEES AND DIRECTORS

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

Page 3 continued...
CHELTENHAM SECURITIES LIMITED (REGISTERED NUMBER: 02840050)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2019

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST OR VALUATION
At 1 January 2019
and 31 December 2019 40,500
NET BOOK VALUE
At 31 December 2019 40,500
At 31 December 2018 40,500

Cost or valuation at 31 December 2019 is represented by:

Freehold
property
£   
Valuation in 2019 40,500

If land and buildings had not been revalued they would have been included at the following historical cost:

2019 2018
£    £   
Cost 40,500 40,500

Land and buildings were valued on an open market basis on 31 December 2019 by the directors .

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 January 2019 355,264
Disposals (3,899 )
Revaluations 35,311
At 31 December 2019 386,676
PROVISIONS
At 1 January 2019
and 31 December 2019 500
NET BOOK VALUE
At 31 December 2019 386,176
At 31 December 2018 354,764

Cost or valuation at 31 December 2019 is represented by:

Other
investments
£   
Valuation in 2019 386,676

Page 4 continued...
CHELTENHAM SECURITIES LIMITED (REGISTERED NUMBER: 02840050)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2019

5. FIXED ASSET INVESTMENTS - continued

If fixed asset investments had not been revalued they would have been included at the following historical cost:

2019 2018
£    £   
Cost 321,304 321,304

Fixed asset investments were valued on an open market basis on 31 December 2019 by the director .

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Tax 1,991 2,302
Accrued expenses 1,500 1,500
3,491 3,802

7. ULTIMATE CONTROLLING PARTY

The company is controlled by the director Mr S Edwards.

Page 5