Abbreviated Company Accounts - CHENEX LIMITED

03451686 CHENEX LIMITED 2013-12-31 false 2013-01-01 2013-12-31 true 03451686 2013-01-01 2013-12-31 03451686 2013-12-31 03451686 2012-12-31 03451686 uk-gaap-cd-bus:Director1 2013-01-01 2013-12-31 03451686 uk-gaap-cd-bus:Director2 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-12-31 iso4217:GBP shares

Registered Number 03451686

CHENEX LIMITED

Abbreviated Accounts

31 December 2013

CHENEX LIMITED Registered Number 03451686

Abbreviated Balance Sheet as at 31 December 2013

	Notes	2013	2012
		£	£
Fixed assets
Investments	2	207	207
		207	207
Current assets
Debtors		1,677,865	1,627,575
Cash at bank and in hand		10	175
		1,677,875	1,627,750
Creditors: amounts falling due within one year		(2,363,293)	(2,257,564)
Net current assets (liabilities)		(685,418)	(629,814)
Total assets less current liabilities		(685,211)	(629,607)
Total net assets (liabilities)		(685,211)	(629,607)
Capital and reserves
Called up share capital	3	842,925	842,925
Profit and loss account		(1,528,136)	(1,472,532)
Shareholders' funds		(685,211)	(629,607)

For the year ending 31 December 2013 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 30 September 2014

And signed on their behalf by:
N Widdicombe, Director

CHENEX LIMITED Registered Number 03451686

Notes to the Abbreviated Accounts for the period ended 31 December 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

The company meets its day to day working capital requirements through a loan from its shareholder who has indicated its willingness to continue to provide financial support to the company to enable it to continue to provide financial support to the company to enable it to continue as a going concern for the foreseeable future and to meet its liabilities as and when they fall due. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis. the financial statements do not include any adjustments that would result from a withdrawal of the loan by company's shareholder.

Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

Other accounting policies
Foreign Currency Translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

2Fixed assets Investments
Fixed asset investments are stated at cost less provision for diminution in value.

Holdings of more than 20 %
The company holds more than 20 % of the share capital of the following companies:

Subsidiary Undertakings

SC Truespec Lumber SRL

Class of shares:Ordinary

% Shares held:92

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

SC Truespec Lumber SRL

Capital and reserves 2013 :£(1,097,280)

Profit/(Loss) for the year 2013:£(30,024)

3Called Up Share Capital
Allotted, called up and fully paid:

	2013 £	2012 £
842,925 Ordinary shares of £1 each	842,925	842,925