CHANTRY (IPSWICH) LIMITED - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 00945994 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 December 2014

for

CHANTRY (IPSWICH) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr R J R Tile

Mr P Benfield

SECRETARY:

Mr R J R Tile

REGISTERED OFFICE:

The Guildhall

Market Hill

Framlingham

Woodbridge

Suffolk

IP13 9AZ

REGISTERED NUMBER:

00945994 (England and Wales)

ACCOUNTANTS:

Turner & Ellerby

Chartered Certified Accountants

The Guildhall

Market Hill

Framlingham

Woodbridge

Suffolk

IP13 9AZ

FIXED ASSETS

Tangible assets

2

179,941

180,145

CURRENT ASSETS

Debtors

771

759

Cash at bank

64,833

77,138

65,604

77,897

CREDITORS

Amounts falling due within one year

1,751

1,751

NET CURRENT ASSETS

63,853

76,146

TOTAL ASSETS LESS CURRENT LIABILITIES

243,794

256,291

CAPITAL AND RESERVES

Called up share capital

3

36,000

36,000

Revaluation reserve

331

331

Profit and loss account

207,463

219,960

SHAREHOLDERS' FUNDS

243,794

256,291

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 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 29 May 2015 and were signed on its behalf by:

Mr R J R Tile - Director

Mr P Benfield - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements are prepared under the historical cost convention modified to include the

revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for

Smaller Entities (Effective April 2008).

Turnover

Turnover represents rental income due excluding vat. No rents were received during this year.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on cost

Deferred tax

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

the balance sheet date.

Investment property

No provision is made for depreciation on investment properties, in accordance with SSAP 19: (i)

investment properties are revalued annually and the aggregate surplus or deficit is transferred to a

revaluation reserve, and (ii) no depreciation or amortisation is provided in respect of freehold

investment properties with over 20 years to run.

The directors consider that this accounting policy results in the accounts giving a true and fair view.

Depreciation or amortisation is only one of many factors reflected in the annual valuation and the

amount which otherwise have been shown cannot be separately identified or quantified.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

and 31 December 2014

182,478

DEPRECIATION

At 1 January 2014

2,333

Charge for year

204

At 31 December 2014

2,537

NET BOOK VALUE

At 31 December 2014

179,941

At 31 December 2013

180,145

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

36,000

Ordinary

£1

36,000

36,000

4.	ULTIMATE CONTROLLING PARTY

The issued share capital of the company was held at both year end, and the previous year end, in four

equal shareholdings each controlling 25% of the shares. No one individual therefore has control of the

company.