| Chancery Construction Limited |
| Registered number: |
04268660 |
| Abbreviated Balance Sheet |
| as at 31 August 2016 |
|
| Notes |
|
|
2016 |
|
|
2015 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
7,033,315 |
|
|
3,761,182 |
|
| Current assets |
| Debtors |
|
|
610,989 |
|
|
745,278 |
| Cash at bank and in hand |
|
|
2,375,645 |
|
|
4,260,438 |
|
|
|
2,986,634 |
|
|
5,005,716 |
|
| Creditors: amounts falling due within one year |
|
|
(151,559) |
|
|
(463,681) |
|
| Net current assets |
|
|
|
2,835,075 |
|
|
4,542,035 |
|
| Net assets |
|
|
|
9,868,390 |
|
|
8,303,217 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
100 |
|
|
100 |
| Revaluation reserve |
|
|
|
1,611,527 |
|
|
324,080 |
| Profit and loss account |
|
|
|
8,256,763 |
|
|
7,979,037 |
|
| Shareholder's funds |
|
|
|
9,868,390 |
|
|
8,303,217 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit 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 the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
| The accounts were approved and authorised for issue by the board on : |
|
|
|
|
| Reza Beygi |
| Director |
| Signed on behalf of the board on 14 October 2016 |
|
| Chancery Construction Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 31 August 2016 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Equipment, fixtures & fittings |
25% reducing balance |
|
Properties equipment, fixtures & fittings |
25% straight line |
|
Freehold properties |
Nil |
|
|
|
Foreign currencies |
|
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account. |
|
|
Investment properties |
|
Investment properties are stated at their open market valuations. Surplus or deficits arising on the revaluation are transferred to revaluation reserve account except that in the event of permanents diminution in value of an investment property below its original cost the deficit is written off in the realised capital account. |
|
|
Pensions |
|
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme. |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 September 2015 |
3,806,899 |
|
Additions |
1,990,795 |
|
Surplus on revaluation |
1,287,447 |
|
At 31 August 2016 |
7,085,141 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 September 2015 |
45,717 |
|
Charge for the year |
6,109 |
|
At 31 August 2016 |
51,826 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 August 2016 |
7,033,315 |
|
At 31 August 2015 |
3,761,182 |
|
|
|
|
|
|
|
|
| 3 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
100 |
|
100 |
|
100 |
|
|
|
|
|
|
|
|
|
