Chipping Dawson Enterprises Limited - Abbreviated accounts

CHIPPING DAWSON ENTERPRISES LIMITED - Company Information

Registered number

05340913

Chipping Dawson Enterprises Limited

Abbreviated Accounts

31 October 2015

Chipping Dawson Enterprises Limited

Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of Chipping Dawson Enterprises Limited for the year ended 31 October 2015
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Chipping Dawson Enterprises Limited for the year ended 31 October 2015 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Chipping Dawson Enterprises Limited, as a body, in accordance with the terms of our engagement letter dated 30 December 2011. Our work has been undertaken solely to prepare for your approval the accounts of Chipping Dawson Enterprises Limited and state those matters that we have agreed to state to the Board of Directors of Chipping Dawson Enterprises Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Chipping Dawson Enterprises Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Chipping Dawson Enterprises Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Chipping Dawson Enterprises Limited. You consider that Chipping Dawson Enterprises Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Chipping Dawson Enterprises Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the abbreviated accounts.

T G Associates Limited
Chartered Accountants
Monument House
7 Jardine House
Harrovian Business Village
Bessborough Road, Harrow
HA1 3EX

11 January 2016

Chipping Dawson Enterprises Limited
Registered number:		05340913
Abbreviated Balance Sheet
as at 31 October 2015

Notes			2015			2014
£				£
Fixed assets
Tangible assets	3		1,006,780			1,006,780

Current assets
Cash at bank and in hand		100			100

Creditors: amounts falling due within one year		(7,576)			(6,047)

Net current liabilities			(7,476)			(5,947)

Total assets less current liabilities			999,304			1,000,833

Creditors: amounts falling due after more than one year			(994,559)			(1,001,390)



Net assets/(liabilities)			4,745			(557)

Capital and reserves
Called up share capital	4		100			100
Profit and loss account			4,645			(657)

Shareholders' funds			4,745			(557)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



Mr D Chipping
Director
Approved by the board on 11 January 2016

Chipping Dawson Enterprises Limited
Notes to the Abbreviated Accounts
for the year ended 31 October 2015

1	Accounting policies

	Basis of preparation
	The accounts 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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

2	Investment Properties

	Investment properties are shown at their open market value. The surplus or deficit arising from the valuation is transferred to the investment revaluation reserve unless a deficit, or its reversal, or an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year. This is in accordance with the FRSSE which, unlike Schedule 4 of the Companies Act 1985, does not require depreciation of investment properties. Investment properties are held for their investment potential and not for use by the company and so their current value is of prime importance. The departure from the provisions of the Act is required in order to give a true and fair view. As the company has no depreciation policy, it is not possible to quantify the effect of this departure from the Companies Act provisions. In the opinion of the directors the value of the investment properties is equivalent to its market value.



3	Tangible fixed assets					£

	Cost
	At 1 November 2014					1,006,780
	At 31 October 2015					1,006,780

	Depreciation
	At 31 October 2015					-

	Net book value
	At 31 October 2015					1,006,780
	At 31 October 2014					1,006,780


4	Share capital	Nominal		2015		2015		2014
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		100		100		100


5	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	Mr D Chipping
	Amount owed to director	500,695		(3,416)		-		497,279

	Mr R Dawson
	Amount owed to director	500,695		(3,415)		-		497,280

		1,001,390		(6,831)		-		994,559

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