Cheval Properties Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 00770229 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 December 2013

for

Cheval Properties Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

M A Kilduff

D Cullum

SECRETARY:

D Cullum

REGISTERED OFFICE:

Suite 6, Audley House

9 North Audley Street

London

W1K 6ZD

REGISTERED NUMBER:

00770229 (England and Wales)

ACCOUNTANTS:

Appletons

Chartered Accountants

Suite 1 Armcon Business Park

London Road South

Poynton

Stockport

Cheshire

SK12 1LQ

FIXED ASSETS

Tangible assets

2

553,420

608,777

CURRENT ASSETS

Debtors

2,029,015

2,076,855

Cash at bank

49,762

83,345

2,078,777

2,160,200

CREDITORS

Amounts falling due within one year

(605,246

)

(786,033

)

NET CURRENT ASSETS

1,473,531

1,374,167

TOTAL ASSETS LESS CURRENT LIABILITIES

2,026,951

1,982,944

CAPITAL AND RESERVES

Called up share capital

3

4,398,864

4,398,864

Revaluation reserve

7,615

7,615

Profit and loss account

(2,379,528

)

(2,423,535

)

SHAREHOLDERS' FUNDS

2,026,951

1,982,944

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 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 10 September 2014 and were signed on its behalf by:

D Cullum - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Related party exemption

As a wholly owned subsidiary of Cheval Properties Holdings Ltd group, the company has taken advantage of

exemption, under the terms of Financial Reporting Standard 8 Related Party Disclosures, not to disclose related

party transactions with wholly owned subsidiaries within the group.

Tangible fixed assets

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

Deferred tax

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

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

and 31 December 2013

775,000

DEPRECIATION

At 1 January 2013

166,223

Charge for year

55,357

At 31 December 2013

221,580

NET BOOK VALUE

At 31 December 2013

553,420

At 31 December 2012

608,777

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.13

31.12.12

value:

£

£

500,000

Ordinary

£1

500,000

500,000

3,898,864

Deferred

£1

3,898,864

3,898,864

4,398,864

4,398,864

Deferred Shares

The deferred shares are non equity shares which carry no entitlement to dividend. On a return of capital or

liquidation, the deferred shareholders shall be repaid the nominal value of each deferred share if any surplus

assets remain after the ordinary shareholders have been repaid. Holders of deferred shares have no voting rights.

4.	ULTIMATE PARENT COMPANY

Elgin Nominees Ltd (incorporated in Republic of Ireland. ) is regarded by the directors as being the company's

ultimate parent company.