Chapter Titles Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09918190 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2020

for

Chapter Titles Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs S Shanahan

F J Shanahan

REGISTERED OFFICE:

The Chapter House

Cock Green

Felsted

Essex

CM6 3NA

REGISTERED NUMBER:

09918190 (England and Wales)

ACCOUNTANT:

Caroline Barnes Limited

Handel House

Roselawn Fields

Chelmsford

Essex

CM1 7GB

FIXED ASSETS

Tangible assets

4

1,133

-

Investment property

5

1,110,000

1,110,000

1,111,133

1,110,000

CURRENT ASSETS

Cash at bank

36,608

63,404

CREDITORS

Amounts falling due within one year

6

48,895

93,583

NET CURRENT LIABILITIES

(12,287

)

(30,179

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,098,846

1,079,821

CREDITORS

Amounts falling due after more than one year

7

(950,000

)

(950,000

)

PROVISIONS FOR LIABILITIES

(7,611

)

(7,611

)

NET ASSETS

141,235

122,210

CAPITAL AND RESERVES

Called up share capital

8

100

100

Fair value reserve

9

32,446

32,446

Retained earnings

9

108,689

89,664

SHAREHOLDERS' FUNDS

141,235

122,210

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 March 2021 and were signed on its behalf by:

F J Shanahan - Director

1.	STATUTORY INFORMATION

Chapter Titles 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 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 2 (2019 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

Additions

1,700

At 31 December 2020

1,700

DEPRECIATION

Charge for year

567

At 31 December 2020

567

NET BOOK VALUE

At 31 December 2020

1,133

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2020

and 31 December 2020

1,110,000

NET BOOK VALUE

At 31 December 2020

1,110,000

At 31 December 2019

1,110,000

Fair value at 31 December 2020 is represented by:

£

Valuation in 2017

40,057

Cost

1,069,943

1,110,000

If investment properties had not been revalued they would have been included at the following historical cost:

31.12.20

31.12.19

£

£

Cost

1,069,943

1,069,943

The investment properties were valued on a fair value basis on 31 December 2020 by the directors .

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.20

31.12.19

£

£

Tax

6,541

8,104

Other creditors

4,750

875

Directors' current accounts

37,604

84,604

48,895

93,583

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.20

31.12.19

£

£

Other loans more 5yrs non-inst

950,000

950,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Other loans more 5yrs non-inst

950,000

950,000

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.20

31.12.19

value:

£

£

100

Ordinary

£1

100

100

9.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 January 2020

89,664

32,446

122,110

Profit for the year

29,025

29,025

Dividends

(10,000

)

(10,000

)

At 31 December 2020

108,689

32,446

141,135