Churchills Property Management Ltd - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 04385448 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2015

FOR

CHURCHILLS PROPERTY MANAGEMENT

LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr S Field

Mrs A L Viney

SECRETARY:

Mrs A L Viney

REGISTERED OFFICE:

Empress Heights

College Street

Southampton

Hampshire

SO14 3LA

REGISTERED NUMBER:

04385448 (England and Wales)

ACCOUNTANTS:

Khan Morris Accountants Limited

Empress Heights

College Street

Southampton

Hampshire

SO14 3LA

FIXED ASSETS

Intangible assets

2

37,500

50,000

Tangible assets

3

106

175

37,606

50,175

CURRENT ASSETS

Debtors

11,431

11,352

Cash at bank and in hand

328,729

344,602

340,160

355,954

CREDITORS

Amounts falling due within one year

350,235

367,122

NET CURRENT LIABILITIES

(10,075

)

(11,168

)

TOTAL ASSETS LESS CURRENT LIABILITIES

27,531

39,007

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

27,529

39,005

SHAREHOLDERS' FUNDS

27,531

39,007

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 9 December 2015 and were signed on its behalf by:

Mr S Field - Director

Mrs A L Viney - 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).

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

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

Fixtures and fittings

-

15% on cost

Office equipment

-

20% on cost

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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

125,000

AMORTISATION

At 1 April 2014

75,000

Amortisation for year

12,500

At 31 March 2015

87,500

NET BOOK VALUE

At 31 March 2015

37,500

At 31 March 2014

50,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

3,847

DEPRECIATION

At 1 April 2014

3,672

Charge for year

69

At 31 March 2015

3,741

NET BOOK VALUE

At 31 March 2015

106

At 31 March 2014

175

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

1

Ordinary

£1

1

2

(31.3.14 - 2 )

1

Ordinary A

£1

1

-

2

2

During the year the company reclassified one of its Ordinary shares in issue to be an Ordinary A share.

5.	ULTIMATE CONTROLLING PARTY