Churston Finance Ltd,Ltd - Accounts

CHURSTON FINANCE LTD. - Company Information

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Churston Finance Ltd

For the year ended 31 December 2015

Unaudited Abbreviated Report and Financial Statements

England and Wales

Registered Number: 03439573

Contents Page

Churston Finance Ltd

For the year ended 31 December 2015

Accountants' Report

Balance Sheet

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Notes to the Abbreviated Financial Statements

Churston Finance Ltd

Accountants' Report

For the year ended 31 December 2015

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 31 December

2015 and you consider that the company is exempt from an audit under the Companies Act 2006.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your

statutory responsibilities, from the accounting records and information and explanations supplied to us.

CT Associates

3 Conqueror Court

Sittingbourne

Kent

ME10 5BH

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Abbreviated Balance Sheet

Churston Finance Ltd

As at 31 December 2015

03439573

Registered Number :

2015

Notes

2014

Fixed assets

Tangible assets

1,474

1,275

1,474

1,275

Current assets

Debtors

2,550

Cash at bank and in hand

16,753

15,793

19,303

18,343

Creditors: amounts falling due within one year

(14,303)

(15,098)

4,040

4,205

Net current assets

Total assets less current liabilities

5,679

5,315

5,679

Net assets

5,315

Capital and reserves

Called up share capital

100

Profit and loss account

5,579

5,215

5,679

5,315

Shareholders funds

For the year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;

2) 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.

Date approved by the board: 22 February 2016

Mr Keith Hipkin Director

Signed on behalf of the board of directors

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Notes to the Abbreviated Financial Statements

Churston Finance Ltd

For the year ended 31 December 2015

1 Accounting Policies

Basis of accounting

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Going Concern

The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Operating lease rentals

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Dividends

Proposed dividends are only included as liabilities in the financial statements when their payment has been approved by the shareholders

prior to the balance sheet date.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Computer Equipment

25% Reducing balance

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Notes to the Abbreviated Financial Statements

Churston Finance Ltd

For the year ended 31 December 2015

2 Tangible fixed assets

Tangible fixed

assets

Cost or valuation

7,934

At 01 January 2015

690

Additions

At 31 December 2015

8,624

Depreciation

6,659

At 01 January 2015

491

Charge for year

7,150

At 31 December 2015

Net book values

At 31 December 2015

1,474

1,275

At 31 December 2014

3 Share capital

Authorised

2,000 Ordinary shares of £1.00 each

Allotted called up and fully paid

2015

2014

100 Ordinary shares of £1.00 each

100

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