CHELSEA_SQUARE_COMMERCIAL - Accounts

CHELSEA SQUARE COMMERCIAL LIMITED - Company Information

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Company Registration No. 05036714 (England and Wales)

CHELSEA SQUARE COMMERCIAL LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2015

CHELSEA SQUARE COMMERCIAL LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

CHELSEA SQUARE COMMERCIAL LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

396,109

Current assets

Debtors

11,547

Cash at bank and in hand

603

429

12,150

11,976

Creditors: amounts falling due within one year

(147,271)

(136,074)

Net current liabilities

(135,121)

(124,098)

Total assets less current liabilities

260,988

272,011

Creditors: amounts falling due after more than one year

(237,950)

(246,155)

23,038

25,856

Capital and reserves

Called up share capital

10,000

Profit and loss account

13,038

15,856

Shareholders' funds

23,038

25,856

For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 26 November 2015

A Burgering

Director

Company Registration No. 05036714

CHELSEA SQUARE COMMERCIAL LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.

Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the director compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

Land and buildings Freehold

Fixed assets

Tangible assets

Cost

At 1 April 2014 & at 31 March 2015

396,109

At 31 March 2014

396,109

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £13,351 (2014 - £18,006).

CHELSEA SQUARE COMMERCIAL LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2015

- 3 -

Creditors: amounts falling due after more than one year

2015

2014

Analysis of loans repayable in more than five years

Total amounts repayable by instalments which are due in more than five years

(168,369)

(156,125)

The aggregate amount of creditors for which security has been given amounted to £237,950 (2014 - £246,155).

Share capital

2015

2014

Allotted, called up and fully paid

1 Ordinary Shares of £10000 each

10,000