Charles Simpson Organisation Limited - Limited company - abbreviated - 11.6

Charles Simpson Organisation Limited - Limited company - abbreviated - 11.6

CHARLES SIMPSON ORGANISATION LIMITED - Company Information

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REGISTERED NUMBER: 00502996 (England and Wales)




















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

FOR

CHARLES SIMPSON ORGANISATION LIMITED

CHARLES SIMPSON ORGANISATION LIMITED (REGISTERED NUMBER: 00502996)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

CHARLES SIMPSON ORGANISATION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2014







DIRECTOR: J Simpson





SECRETARY: J G Simpson





REGISTERED OFFICE: 50 Seymour Street
London
W1H 7JG





REGISTERED NUMBER: 00502996 (England and Wales)





ACCOUNTANTS: Civvals Limited
50 Seymour Street
London
W1H 7JG
Page 1
CHARLES SIMPSON ORGANISATION LIMITED (REGISTERED NUMBER: 00502996)

ABBREVIATED BALANCE SHEET
31 DECEMBER 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 12,820,512 12,848,742

CURRENT ASSETS
Stocks 207,956 445,375
Debtors 298,963 170,052
Cash at bank and in hand 406,624 294,120
913,543 909,547
CREDITORS
Amounts falling due within one year 291,327 453,616
NET CURRENT ASSETS 622,216 455,931
TOTAL ASSETS LESS CURRENT
LIABILITIES
13,442,728
13,304,673

PROVISIONS FOR LIABILITIES 24,165 24,165
NET ASSETS 13,418,563 13,280,508

CAPITAL AND RESERVES
Called up share capital 3 47,049 47,049
Revaluation reserve 6,962,008 6,962,008
Profit and loss account 6,409,506 6,271,451
SHAREHOLDERS' FUNDS 13,418,563 13,280,508

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 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 notes form part of these abbreviated accounts

Page 2 continued...
CHARLES SIMPSON ORGANISATION LIMITED (REGISTERED NUMBER: 00502996)

ABBREVIATED BALANCE SHEET - continued
31 DECEMBER 2014


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 3 June 2015 and were signed by:





J Simpson - Director


The notes form part of these abbreviated accounts

Page 3
CHARLES SIMPSON ORGANISATION LIMITED (REGISTERED NUMBER: 00502996)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014


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).

Preparation of consolidated financial statements
The financial statements contain information about Charles Simpson Organisation Limited as an individual
company and do not contain consolidated financial information as the parent of a group. The company has taken
the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

The company is a wholly owned subsidiary of Charles Simpson Investments Limited, a company incorporated in
England. Its parent company has taken the option under Section 398 of the Companies Act 2006 not to prepare
consolidated financial statements.

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

Turnover represents net invoiced sales of mobile homes, rent receivable and other related services, excluding
value added tax.

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

Freehold property - over 50 years
Short leasehold - Over the life of the lease
Plant and machinery - 15% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

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

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at
the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to the profit and loss account in the period to which they relate.

Page 4 continued...
CHARLES SIMPSON ORGANISATION LIMITED (REGISTERED NUMBER: 00502996)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2014


1. ACCOUNTING POLICIES - continued

Freehold property
The company's freehold properties are held for long term investment and are included in the balance sheet at
their open market values. The surplus or deficit on annual revaluation of such properties are transferred to
revaluation reserves. Depreciation is not provided in respect of land and buildings comprising the mobile home
parks. Other freehold buildings are depreciated over 50 years.

This policy represents a departure from statutory accounting principles, which require depreciation to be
provided on all fixed assets. The director consider that this policy is necessary in order that the financial
statements may give true and fair view because current values and changes in current values are of prime
importance rather than the calculation of systematic annual depreciation. Depreciation or amortisation is only
one of many factors that is reflected in the annual valuation and the amount which might otherwise have been
shown cannot be separately identified or quantified.

Leasehold property
Leasehold properties are not amortised where the unexpired term is over fifty years.

Unlisted investments
Unlisted investments are shown in the accounts at the lower of cost or current market value allowing for any
diminution in the value of the investment. Revaluation of unlisted investments are transferred to revaluation
reserves via the profit and loss account.

2. TANGIBLE FIXED ASSETS
Total
£   
COST OR VALUATION
At 1 January 2014 14,595,994
Additions 35,480
Disposals (50,855 )
At 31 December 2014 14,580,619
DEPRECIATION
At 1 January 2014 1,747,252
Charge for year 41,060
Eliminated on disposal (28,205 )
At 31 December 2014 1,760,107
NET BOOK VALUE
At 31 December 2014 12,820,512
At 31 December 2013 12,848,742

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
47,049 Ordinary £1 47,049 47,049

Page 5 continued...
CHARLES SIMPSON ORGANISATION LIMITED (REGISTERED NUMBER: 00502996)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2014


4. ULTIMATE PARENT COMPANY

The ultimate parent company is Charles Simpson Investments Limited, a company incorporated in England and
controlled by The Simpson Family Settlement, of which Mr J Simpson is a trustee and shareholder.

5. DIRECTOR'S LOAN

The following advances and credits to a director subsisted during the years ended 31 December 2014 and
31 December 2013:

2014 2013
£    £   
J Simpson
Balance outstanding at start of year - -
Amounts advanced 24,808 -
Amounts repaid - -
Balance outstanding at end of year 24,808 -

The outstanding loan was repaid in full after the year end.

6. ULTIMATE CONTROLLING PARTY

The Simpson Family Settlement and Mr J Simpson, the director, control the company by virtue of holding 100%
of the issued ordinary share capital of Charles Simpson Investments Limited.

Page 6