Chasedawn Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 03350574 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 May 2015

for

Chasedawn Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

B D Gill

SECRETARY:

B D Gill

REGISTERED OFFICE:

LGF, 5 Brunswick Place

Hove

East Sussex

BN3 1EA

REGISTERED NUMBER:

03350574 (England and Wales)

CURRENT ASSETS

Stocks

1,600

1,700

Debtors

4,365

2,507

Cash at bank and in hand

109

609

6,074

4,816

CREDITORS

Amounts falling due within one year

80,012

127,528

NET CURRENT LIABILITIES

(73,938

)

(122,712

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(73,938

)

(122,712

)

CAPITAL AND RESERVES

Called up share capital

2

100

100

Profit and loss account

(74,038

)

(122,812

)

SHAREHOLDERS' FUNDS

(73,938

)

(122,712

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 26 February 2016 and were signed by:

B D Gill - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of goods, excluding value added tax.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Going concern

The accounts have been prepared on the going concern basis. Following a detailed review of the company's

cash requirements the director considers that the company will be able to continue in operational existence for

the foreseeable future. The principal factors in the consideration are the continued support of the creditors and

the director. The voluntary arrangement entered into on 25 February 2010 was completed on 24 April 2012. For

this reason the director continues to adopt the going concern basis in preparing the accounts. Should this not

prove to be appropriate adjustments would have to be made to reduce the balance sheet value of the assets to

their recoverable amounts and to provide for any further liabilities that might arise.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.15

31.5.14

value:

£

£

100

Ordinary

£1.00

100

100

3.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Amounts due to a director subsisted during the years ended 31 May 2015 and 31 May 2014:

31.5.15

31.5.14

£

£

B D Gill

Balance outstanding at start of year

91,656

136,767

Amounts repaid

(50,596

)

(45,111

)

Balance outstanding at end of year

41,060

91,656