Charfleets Promotions Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 02738408 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 October 2015

for

Charfleets Promotions Limited

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

3

FIXED ASSETS

Tangible assets

2

1,986,721

1,987,086

Investment property

3

2,154,372

-

4,141,093

1,987,086

CURRENT ASSETS

Debtors

833

3,252

Cash at bank

97,700

188,423

98,533

191,675

CREDITORS

Amounts falling due within one year

4

139,578

101,612

NET CURRENT (LIABILITIES)/ASSETS

(41,045

)

90,063

TOTAL ASSETS LESS CURRENT
LIABILITIES

4,100,048

2,077,149

CREDITORS

Amounts falling due after more than one
year

4

(2,764,960

)

(914,666

)

PROVISIONS FOR LIABILITIES

(219

)

(336

)

NET ASSETS

1,334,869

1,162,147

CAPITAL AND RESERVES

Called up share capital

5

100

Profit and loss account

1,334,769

1,162,047

SHAREHOLDERS' FUNDS

1,334,869

1,162,147

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

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

The directors acknowledge their 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 Board of Directors on 15 March 2016 and were signed on its behalf by:

K Kelly - 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).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

Turnover

Turnover represents the total invoice value of rent receivable during the year.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Fixtures and fittings - 25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

market value is transferred to a revaluation reserve.

Going concern

The balance sheet at the end of the year recorded net current liabilities. However, the directors believe sufficient

financial resources are available to the company to enable it to continue trading into the foreseeable future.

Therefore, the financial statements have been prepared on a going concern basis.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2014

and 31 October 2015

1,993,880

DEPRECIATION

At 1 November 2014

6,794

Charge for year

365

At 31 October 2015

7,159

NET BOOK VALUE

At 31 October 2015

1,986,721

At 31 October 2014

1,987,086

3.	INVESTMENT PROPERTY

Total

£

COST

Additions

2,154,372

At 31 October 2015

2,154,372

NET BOOK VALUE

At 31 October 2015

2,154,372

4.

CREDITORS

Creditors include an amount of £ 712,952 (2014 - £ 762,658 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

100

Ordinary

£1

100