| Cheswick Capital Ltd |
| Registered number: |
05093996 |
| Directors' Report |
|
| The directors present their report and accounts for the year ended 30 April 2015. |
|
| Principal activities |
| The company's principal activity during the year continued to be investment and acquisition of turnaround opportunities, corporate and turnaround management advisory services |
|
| The Market |
| It is the view of the board that the advance of alternative finance providers and subsequent relatively |
| easy access to debt in the UK will allow many distressed companies to continue trading, whilst |
| fundamentally not addressing the weakness in the business management and operations. Cheswick |
| will continue to work with distress companies and provide funding to appropriate targets from its |
| own and other investment companies resources. |
| Cheswick also acts as an introducer of funding opportunities to high net worth individuals,family |
| funds, distressed lenders, P2P and specialist receivable providers. The board plans to grow such |
| relationships and to provide solutions to our clients and portfolio companies alike. We forecast strong |
| growth in activity in 2015 - 2017. |
| Cheswick aims to acquire several businesses in 2015 - 16 and is especially focused on the |
| hospitality sector to acquire companies outright and or invest in sound management teams. |
| With 21 years of turnaround experience the board will continue to provide turnaround management |
| advice to lenders, investors, directors and stakeholders alike, across all sectors in the UK. |
|
| Directors |
| The following persons served as directors during the year: |
|
|
K F Steven |
|
Mrs S Steven |
|
| Small company provisions |
| This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
| This report was approved by the board on 27 January 2016 and signed by its order. |
|
|
|
|
|
|
| K F Steven |
| Secretary |
|
| Cheswick Capital Ltd |
| Registered number: |
05093996 |
| Abbreviated Balance Sheet |
| as at 30 April 2015 |
|
| Notes |
|
|
2015 |
|
|
2014 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
- |
|
|
308 |
| Investments |
3 |
|
|
75 |
|
|
75 |
|
|
|
|
75 |
|
|
383 |
|
| Current assets |
| Debtors |
|
|
45,346 |
|
|
33,326 |
| Cash at bank and in hand |
|
|
5,401 |
|
|
1,480 |
|
|
|
50,747 |
|
|
34,806 |
|
| Creditors: amounts falling due within one year |
|
|
(41,251) |
|
|
(35,512) |
|
| Net current assets/(liabilities) |
|
|
|
9,496 |
|
|
(706) |
|
| Net assets/(liabilities) |
|
|
|
9,571 |
|
|
(323) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
4 |
|
|
2 |
|
|
2 |
| Profit and loss account |
|
|
|
9,569 |
|
|
(325) |
|
| Shareholders' funds |
|
|
|
9,571 |
|
|
(323) |
|
|
|
|
|
|
|
|
| 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. |
| The 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. |
|
|
|
| K F Steven |
| Director |
| Approved by the board on 27 January 2016 |
|
| Cheswick Capital Ltd |
| Notes to the Abbreviated Accounts |
| for the year ended 30 April 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 January 2015). |
|
|
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. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
33% straight line |
|
0 |
|
|
0 |
|
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 May 2014 |
922 |
|
Additions |
- |
|
Surplus on revaluation |
- |
|
Disposals |
- |
|
At 30 April 2015 |
922 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 May 2014 |
614 |
|
Charge for the year |
308 |
|
Surplus on revaluation |
- |
|
On disposals |
- |
|
At 30 April 2015 |
922 |
|
|
|
|
|
|
|
|
Net book value |
|
At 30 April 2015 |
- |
|
At 30 April 2014 |
308 |
|
|
|
|
|
|
|
|
| 3 |
Investments |
£ |
|
|
Cost |
|
At 1 May 2014 |
75 |
|
Additions |
- |
|
Disposals |
- |
|
|
At 30 April 2015 |
75 |
|
|
|
|
|
|
|
|
The company holds 20% or more of the share capital of the following companies: |
|
| Capital and |
Profit (loss) |
|
Company |
Shares held |
reserves |
for the year |
|
|
Class |
% |
£ |
£ |
|
Cheswick Inns Limited |
Ordinary |
75 |
|
(70,677) |
|
(24,376) |
|
|
|
|
|
|
|
|
|
|
| 4 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
- |
|
2 |
|
2 |
|
|
|
|
|
|
2 |
|
2 |
|
|
|
|
|
|
|
|
|
