Abbreviated Company Accounts - BLUE CHIP INVESTMENTS (MANCHESTER) LIMITED

BLUE CHIP INVESTMENTS (MANCHESTER) LIMITED - Company Information

05743540 BLUE CHIP INVESTMENTS (MANCHESTER) LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true 05743540 2015-04-01 2016-03-31 05743540 2016-03-31 05743540 2015-03-31 05743540 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 05743540 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 05743540

BLUE CHIP INVESTMENTS (MANCHESTER) LIMITED

Abbreviated Accounts

31 March 2016

BLUE CHIP INVESTMENTS (MANCHESTER) LIMITED Registered Number 05743540

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	376,473	378,133
		376,473	378,133
Current assets
Debtors		16,077	16,307
Cash at bank and in hand		2,703	3,624
		18,780	19,931
Creditors: amounts falling due within one year	3	(30,346)	(29,479)
Net current assets (liabilities)		(11,566)	(9,548)
Total assets less current liabilities		364,907	368,585
Creditors: amounts falling due after more than one year	3	(323,969)	(330,733)
Total net assets (liabilities)		40,938	37,852
Capital and reserves
Called up share capital	4	1	1
Profit and loss account		40,937	37,851
Shareholders' funds		40,938	37,852

For the year ending 31 March 2016 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 6 July 2016

And signed on their behalf by:
Jack Caplin, Director

BLUE CHIP INVESTMENTS (MANCHESTER) LIMITED Registered Number 05743540

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with applicable accounting standards.

Turnover policy
Turnover derives from the company’s principal activities and represents income receivable from the management and sale of the company's freehold properties.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation to date.
Freehold Development Properties are not depreciated but are carried at cost of acquisition less provision for diminution in value of any properties wherein it is considered a permanent reduction in value below cost has occurred.
Equipment and Fittings are depreciated at 10% per annum on cost where the annual depreciation charge would be material in relation to the annual profit or loss of the company.

2Tangible fixed assets

	£
Cost
At 1 April 2015	392,069
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	392,069
Depreciation
At 1 April 2015	13,936
Charge for the year	1,660
On disposals	-
At 31 March 2016	15,596
Net book values
At 31 March 2016	376,473
At 31 March 2015	378,133

3Creditors

	2016 £	2015 £
Secured Debts	314,125	326,289

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

	2016 £	2015 £
1 Ordinary shares of £1 each	1	1