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CHIPIONA PRODUCE LIMITED
REGISTERED NUMBER: 03835359
ABBREVIATED BALANCE SHEET
AS AT 30 NOVEMBER 2015
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CREDITORS: amounts falling due within one year
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TOTAL ASSETS LESS CURRENT LIABILITIES
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The director considers that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 30 November 2015 and of its profit for the year in accordance with the requirements of sections 394 and 395 of the Act 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, which have been prepared in accordance with the provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 2 to 3 form part of these financial statements.
Page 1
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CHIPIONA PRODUCE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2015
1.ACCOUNTING POLICIES
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Basis of preparation of financial statements
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The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
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The company is the parent undertaking of a small group and as such is not required by the Companies Act 2006 to prepare group accounts. These financial statements therefore present information about the company as an individual undertaking and not about its group.
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The group continued to undertake activities incidental to the winding down of operations, with the intention of the sale of the remaining land, buildings and equipment in the foreseeable future.
As a result, the company is not a going concern and the accounts have been prepared on a basis other than going concern which includes, where appropriate, writing down groups of assets to realisable values and making provision for any onerous contractual commitments at the balance sheet date. The financial statements do not include any provision for the future costs of realising the assets except to the extent that these were committed at the balance sheet date.
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Tangible fixed assets and depreciation
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Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
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Investments held as fixed assets are shown at cost less provision for impairment.
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2.TANGIBLE FIXED ASSETS
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At 1 December 2014 and 30 November 2015
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At 1 December 2014 and 30 November 2015
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Page 2
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CHIPIONA PRODUCE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2015
3.FIXED ASSET INVESTMENTS
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At 1 December 2014 and 30 November 2015
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Subsidiary undertakings
The following were subsidiary undertakings of the company:
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Watton Produce Company Limited
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4.SHARE CAPITAL
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Allotted, called up and fully paid
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100 Ordinary shares of £1 each
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100 Preference shares of £1 each
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Page 3
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