Cheveley Properties Limited - Limited company - abbreviated

REGISTERED NUMBER: 03820567 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2015

FOR

CHEVELEY PROPERTIES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr B M Edge

SECRETARY:

Mrs C M Poulton

REGISTERED OFFICE:

23 Isinglass Close

Newmarket

Suffolk

CB8 8HX

REGISTERED NUMBER:

03820567 (England and Wales)

ACCOUNTANTS:

Bernard Edge & Co

Chartered Accountants

The Old Courts

147 All Saints Road

Newmarket

CB8 8HH

SOLICITORS:

Edmondson Hall

25 Exeter Road

Newmarket

Suffolk

CB8 8AR

FIXED ASSETS

Tangible assets

2

850

-

Investment property

3

1,240,000

1,040,000

1,240,850

1,040,000

CURRENT ASSETS

Debtors

1,975

3,815

Cash at bank

49,495

84,185

51,470

88,000

CREDITORS

Amounts falling due within one year

89,944

29,610

NET CURRENT (LIABILITIES)/ASSETS

(38,474

)

58,390

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,202,376

1,098,390

CREDITORS

Amounts falling due after more than one
year

4

697,691

NET ASSETS

504,685

400,699

CAPITAL AND RESERVES

Called up share capital

5

2

Revaluation reserve

323,908

241,453

Profit and loss account

180,775

159,244

SHAREHOLDERS' FUNDS

504,685

400,699

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 4 September 2015 and were signed by:

Mr B M Edge - 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

Revenue includes rental income and service charges from properties.

Rental income from operating leases is recognised on a straight-line basis over the lease term. When

the Group provides incentives to its tenants, the cost of incentives is recognised over the lease term,

on a straight-line basis, as a reduction of rental income.

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

-

20% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from

changes in market value is transferred to a revaluation reserve.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

959

At 31 August 2015

959

DEPRECIATION

Charge for year

109

At 31 August 2015

109

NET BOOK VALUE

At 31 August 2015

850

3.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 September 2014

1,040,000

Additions

117,546

Revaluations

82,454

At 31 August 2015

1,240,000

NET BOOK VALUE

At 31 August 2015

1,240,000

At 31 August 2014

1,040,000

4.

CREDITORS

Creditors include an amount of £ 697,691 (2014 - £ 697,691 ) for which security has been given.

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

2015

2014

£

Repayable otherwise than by instalments

697,691

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

2

Ordinary

£1

2

Cheveley Properties Limited - Limited company - abbreviated - 11.6

Cheveley Properties Limited - Limited company - abbreviated - 11.6