Chelseatown Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 04978567 (England and Wales)

Chelseatown Limited

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Report of the Accountants

5

DIRECTOR:

R Jenkins

SECRETARY:

REGISTERED OFFICE:

Four Winds

Houghton

Nr. Winchester

Hampshire

SO20 6LN

REGISTERED NUMBER:

04978567 (England and Wales)

ACCOUNTANTS:

Pascal Canelle Ltd

Certified Practising Accountants

73 Stoneleigh Broadway

Stoneleigh

Epsom

Surrey

KT17 2HP

FIXED ASSETS

Tangible assets

2

2,459,775

CREDITORS

Amounts falling due within one year

(5,198

)

(2,301

)

NET CURRENT LIABILITIES

(5,198

)

(2,301

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,454,577

2,457,474

CREDITORS

Amounts falling due after more than
one year

(2,445,548

)

(2,452,531

)

NET ASSETS

9,029

4,943

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

9,027

4,941

SHAREHOLDERS' FUNDS

9,029

4,943

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 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 director on 24 November 2016 and were signed by:

R Jenkins - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

2,459,775

NET BOOK VALUE

At 31 March 2016

2,459,775

At 31 March 2015

2,459,775

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

2

Ordinary £1

1

2

The following reproduces the text of the report prepared for the director in respect of the company's

annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on

pages two to four) have been prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2016 set out on pages two to four and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Pascal Canelle Ltd

Certified Practising Accountants

Surrey

KT17 2HP

24 November 2016