Chance Finance Ltd


10 September 2014 true false 092119522014-09-09 092119522014-09-102015-09-30 092119522015-09-30 09211952uk-bus:Director12014-09-102015-09-30 09211952uk-gaap:LandBuildings2014-09-102015-09-30 09211952uk-gaap:LandBuildings2014-09-09 09211952uk-gaap:LandBuildings2015-09-30 09211952uk-bus:OrdinaryShareClass12015-09-30 09211952uk-bus:OrdinaryShareClass12014-09-102015-09-30 iso4217:GBP xbrli:shares
Company Registration No. 09211952 (England and Wales)
Chance Finance Ltd Abbreviated unaudited accounts for the period from 10 September 2014 to 30 September 2015
Chance Finance Ltd Abbreviated Balance Sheet as at 30 September 2015
2015 
Notes
£ 
Fixed assets
Tangible assets
918,633 
Current assets
Debtors
5,918 
Cash at bank and in hand
38,522 
44,440 
Creditors: amounts falling due within one year
(30,664)
Net current assets
13,776 
Total assets less current liabilities
932,409 
Creditors: amounts falling due after more than one year
(893,445)
Net assets
38,964 
Capital and reserves
Called up share capital
100 
Profit and loss account
38,864 
Total shareholders' funds
38,964 
For the period ending 30 September 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).
Approved by the board on 4 November 2015
Jonathan Chan Director Company Registration No. 09211952
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Chance Finance Ltd Notes to the Abbreviated Accounts for the period from 10 September 2014 to 30 September 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 VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
50 years on a straight line basis
2
Tangible fixed assets
Land & buildings 
£ 
Cost
At 10 September 2014
- 
Additions
918,633 
At 30 September 2015
918,633 
Depreciation
At 30 September 2015
- 
Net book value
At 30 September 2015
918,633 
3
Share capital
2015 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
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