Abbreviated Company Accounts - CHARLOW ESTATES LTD

CHARLOW ESTATES LTD - Company Information

Registered Number 07728835

CHARLOW ESTATES LTD

Abbreviated Accounts

31 August 2014

CHARLOW ESTATES LTD Registered Number 07728835

Abbreviated Balance Sheet as at 31 August 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	424,979	424,979
		424,979	424,979
Current assets
Cash at bank and in hand		34,468	17,689
		34,468	17,689
Creditors: amounts falling due within one year		(454,711)	(441,652)
Net current assets (liabilities)		(420,243)	(423,963)
Total assets less current liabilities		4,736	1,016
Total net assets (liabilities)		4,736	1,016
Capital and reserves
Called up share capital		2	2
Profit and loss account		4,734	1,014
Shareholders' funds		4,736	1,016

For the year ending 31 August 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 28 May 2015

And signed on their behalf by:
Mr O Low, Director

CHARLOW ESTATES LTD Registered Number 07728835

Notes to the Abbreviated Accounts for the period ended 31 August 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 rents and similar charges exclusive of VAT.

Other accounting policies
Investment properties are revalued annually and the aggregate surplus or deficit transferred to the revaluation reserve except where any deficit is deemed permanent when it is taken to the Profit and Loss Account. No provision is made for depreciation of investment properties. This departure from the requirements of the Companies Act 2006, which requires all properties to be depreciated is, in the opinion of the directors, necessary for the accounts to show a true and fair view. The depreciation charge is only one of the factors reflected in the annual valuation and, therefore, the effect of the departure cannot be readily quantified. The directors consider that this policy results in the accounts giving a true and fair view.

2Tangible fixed assets

	£
Cost
At 1 September 2013	424,979
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2014	424,979
Depreciation
At 1 September 2013	-
Charge for the year	-
On disposals	-
At 31 August 2014	-
Net book values
At 31 August 2014	424,979
At 31 August 2013	424,979