CHELLEW_LINDSEY_(UK)_LIMI - Accounts

CHELLEW LINDSEY (UK) LIMITED - Company Information

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Company Registration No. 05411770 (England and Wales)

CHELLEW LINDSEY (UK) LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2015

CHELLEW LINDSEY (UK) LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

CHELLEW LINDSEY (UK) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

466,288

465,976

Current assets

Debtors

1,339

1,189

Cash at bank and in hand

5,024

6,583

6,363

7,772

Creditors: amounts falling due within one year

(81,472)

(81,939)

Net current liabilities

(75,109)

(74,167)

Total assets less current liabilities

391,179

391,809

Creditors: amounts falling due after more than one year

(590,771)

(590,803)

(199,592)

(198,994)

Capital and reserves

Called up share capital

Revaluation reserve

(157,091)

Profit and loss account

(42,503)

(41,905)

Shareholders' funds

(199,592)

(198,994)

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 member has 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 her 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 22 December 2015

Mrs J Chellew

Director

Company Registration No. 05411770

CHELLEW LINDSEY (UK) 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 modified to include the revaluation of freehold land and buildings 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 in respect of residential rental properties.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

20% per annum on reducing balance basis

In the director's opinion no depreciation is necessary as the property is well maintained and market value is at least equal to cost. Impairment reviews are undertaken by the board on an annual basis.

Fixed assets

Tangible assets

Cost or valuation

At 1 April 2014

470,518

Additions

626

At 31 March 2015

471,144

Depreciation

At 1 April 2014

4,542

Charge for the year

314

At 31 March 2015

4,856

Net book value

At 31 March 2015

466,288

At 31 March 2014

465,976

CHELLEW LINDSEY (UK) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2015

- 3 -

Share capital

2015

2014

Allotted, called up and fully paid

2 Ordinary Shares £1 of £1 each