Chaters Property Consultancy Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04990474 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 28 FEBRUARY 2015

FOR

CHATERS PROPERTY CONSULTANCY LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

A G Chater

Mrs D Chater

SECRETARY:

A G Chater

REGISTERED OFFICE:

35 Great Nelmes Chase

Hornchurch

Essex

RM11 2PS

REGISTERED NUMBER:

04990474 (England and Wales)

ACCOUNTANTS:

CKS Accountancy Limited

1 Church Hill

Leigh on Sea

Essex

SS9 2DE

FIXED ASSETS

Tangible assets

2

258,730

180,000

CURRENT ASSETS

Debtors

1,400

2,100

Cash at bank

72,958

85,932

74,358

88,032

CREDITORS

Amounts falling due within one year

(18,435

)

(25,123

)

NET CURRENT ASSETS

55,923

62,909

TOTAL ASSETS LESS CURRENT LIABILITIES

314,653

242,909

CREDITORS

Amounts falling due after more than one year

3

(50,415

)

(58,781

)

NET ASSETS

264,238

184,128

CAPITAL AND RESERVES

Called up share capital

4

100

100

Revaluation reserve

-

(53,649

)

Profit and loss account

264,138

237,677

SHAREHOLDERS' FUNDS

264,238

184,128

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 8 June 2015 and were signed on its behalf by:

A G Chater - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation

of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April

2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Investment properties

In accordance with SSAP 19, investment properties are revalued annually. No depreciation is provided in respect

of investment properties. The Companies Act 1985 requires all properties to be depreciated. However this

requirement conflicts with the generally accepted accounting principle set out in SSAP 19. The director

considers that, because these properties are held for their investment potential, to depreciate them would not give

a true and fair view and that it is therefore necessary to adopt SSAP 19. If this departure from the Act had not

been made, the profit for the year would have been reduced by depreciation. However the amount of

depreciation cannot reasonably be quantified because depreciation is only one of the many factors reflected in

the annual valuation and the amount which might otherwise have been shown cannot be separately identified or

quantified.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 March 2014

180,845

Additions

30,184

Revaluations

49,000

At 28 February 2015

260,029

DEPRECIATION

At 1 March 2014

845

Charge for year

454

At 28 February 2015

1,299

NET BOOK VALUE

At 28 February 2015

258,730

At 28 February 2014

180,000

3.

CREDITORS

Creditors include the following debts falling due in more than five years:

2015

2014

£

£

Repayable by instalments

9,039

17,453

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1

100

100