Abbreviated Company Accounts - CHURCHWARD PROPERTIES LIMITED

CHURCHWARD PROPERTIES LIMITED - Company Information

04977416 CHURCHWARD PROPERTIES LIMITED 2015-06-30 false 2014-07-01 2015-06-30 true 04977416 2014-07-01 2015-06-30 04977416 2015-06-30 04977416 2014-06-30 04977416 uk-gaap-cd-bus:Director1 2014-07-01 2015-06-30 04977416 uk-gaap-cd-bus:Director2 2014-07-01 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-07-01 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-30 iso4217:GBP shares

Registered Number 04977416

CHURCHWARD PROPERTIES LIMITED

Abbreviated Accounts

30 June 2015

CHURCHWARD PROPERTIES LIMITED Registered Number 04977416

Abbreviated Balance Sheet as at 30 June 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	552,408	428,035
		552,408	428,035
Current assets
Debtors		49,151	59,877
Cash at bank and in hand		-	989
		49,151	60,866
Creditors: amounts falling due within one year	3	(4,101)	(2,710)
Net current assets (liabilities)		45,050	58,156
Total assets less current liabilities		597,458	486,191
Creditors: amounts falling due after more than one year	3	(419,974)	(423,297)
Total net assets (liabilities)		177,484	62,894
Capital and reserves
Called up share capital	4	100,001	100,001
Revaluation reserve		284,103	159,103
Profit and loss account		(206,620)	(196,210)
Shareholders' funds		177,484	62,894

For the year ending 30 June 2015 the company was entitled to exemption 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 directors acknowledge their 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.

Approved by the Board on 3 March 2016

And signed on their behalf by:
N W Churchward, Director

CHURCHWARD PROPERTIES LIMITED Registered Number 04977416

Notes to the Abbreviated Accounts for the period ended 30 June 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets other than freehold land are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Freehold 2% on cost
Plant and machinery 15% on net book value
Motor vehicles 25% on net book value

2Tangible fixed assets

	£
Cost
At 1 July 2014	437,830
Additions	-
Disposals	-
Revaluations	125,000
Transfers	-
At 30 June 2015	562,830
Depreciation
At 1 July 2014	9,795
Charge for the year	627
On disposals	-
At 30 June 2015	10,422
Net book values
At 30 June 2015	552,408
At 30 June 2014	428,035

3Creditors

	2015 £	2014 £
Secured Debts	419,974	423,297

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100,001 Ordinary shares of £1 each	100,001	100,001