Chaters Property Consultancy Limited - Abbreviated accounts 16.1

Chaters Property Consultancy Limited - Abbreviated accounts 16.1

DB9 PROPERTIES LIMITED - Company Information

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REGISTERED NUMBER: 04990474 (England and Wales)











ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 28TH FEBRUARY 2016

FOR

CHATERS PROPERTY CONSULTANCY LIMITED

CHATERS PROPERTY CONSULTANCY LIMITED (REGISTERED NUMBER: 04990474)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 28TH FEBRUARY 2016










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

CHATERS PROPERTY CONSULTANCY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28TH FEBRUARY 2016







DIRECTORS: Mr A G Chater
Mrs D Chater





SECRETARY: Mr A G Chater





REGISTERED OFFICE: 35 Great Nelmes Chase
Hornchurch
Essex
RM11 2PS





REGISTERED NUMBER: 04990474 (England and Wales)





ACCOUNTANTS: CKS Accountancy Limited
1349/1353 London Road
Leigh-on-Sea
Essex
SS9 2AB
Page 1
CHATERS PROPERTY CONSULTANCY LIMITED (REGISTERED NUMBER: 04990474)

ABBREVIATED BALANCE SHEET
28TH FEBRUARY 2016

2016 2015
Notes £    £   
FIXED ASSETS
Tangible assets 2 258,277 258,730

CURRENT ASSETS
Debtors 50,401 1,400
Cash at bank 126,749 72,958
177,150 74,358
CREDITORS
Amounts falling due within one year (18,885 ) (18,435 )
NET CURRENT ASSETS 158,265 55,923
TOTAL ASSETS LESS CURRENT
LIABILITIES
416,542
314,653

CREDITORS
Amounts falling due after more than one
year
3
(151,128
)
(50,415
)
NET ASSETS 265,414 264,238

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 265,314 264,138
SHAREHOLDERS' FUNDS 265,414 264,238

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2016 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 notes form part of these abbreviated accounts

Page 2 continued...
CHATERS PROPERTY CONSULTANCY LIMITED (REGISTERED NUMBER: 04990474)

ABBREVIATED BALANCE SHEET - continued
28TH FEBRUARY 2016


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 25th August 2016 and were signed on its behalf
by:





Mr A G Chater - Director


The notes form part of these abbreviated accounts

Page 3
CHATERS PROPERTY CONSULTANCY LIMITED (REGISTERED NUMBER: 04990474)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 28TH FEBRUARY 2016


1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention as modified by the revaluation
of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January
2015).

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

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

Investment properties
In accordance with SSAP 19, investment properties are revalued annually. No depreciation is provided in respect
of investment properties. The Companies Act 1985 requires all properties to be depreciated. However this
requirement conflicts with the generally accepted accounting principle set out in SSAP 19. The director
considers that, because these properties are held for their investment potential, to depreciate them would not give
a true and fair view and that it is therefore necessary to adopt SSAP 19. If this departure from the Act had not
been made, the profit for the year would have been reduced by depreciation. However the amount of
depreciation cannot reasonably be quantified because depreciation is only one of the many factors reflected in
the annual valuation and the amount which might otherwise have been shown cannot be separately identified or
quantified.

2. TANGIBLE FIXED ASSETS
Total
£   
COST OR VALUATION
At 1st March 2015
and 28th February 2016 260,029
DEPRECIATION
At 1st March 2015 1,299
Charge for year 453
At 28th February 2016 1,752
NET BOOK VALUE
At 28th February 2016 258,277
At 28th February 2015 258,730

3. CREDITORS

Creditors include the following debts falling due in more than five years:

2016 2015
£    £   
Repayable by instalments 110,213 9,039

Page 4 continued...
CHATERS PROPERTY CONSULTANCY LIMITED (REGISTERED NUMBER: 04990474)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2016


4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
100 Ordinary £1 100 100

Page 5