Chilmark Estates Limited - Abbreviated accounts 16.3

Chilmark Estates Limited - Abbreviated accounts 16.3

CHILMARK ESTATES LIMITED - Company Information

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REGISTERED NUMBER: 05224264 (England and Wales)









ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 1 JANUARY 2015 TO 31 MARCH 2016

FOR

CHILMARK ESTATES LIMITED

CHILMARK ESTATES LIMITED (REGISTERED NUMBER: 05224264)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE PERIOD 1 JANUARY 2015 TO 31 MARCH 2016










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

CHILMARK ESTATES LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 JANUARY 2015 TO 31 MARCH 2016







DIRECTORS: A D Wardall
I Hepburn





REGISTERED OFFICE: Manor Farm Stud
Alvediston
Salisbury
SP5 5JY





REGISTERED NUMBER: 05224264 (England and Wales)





ACCOUNTANTS: Fawcetts
Chartered Accountants
Windover House
St. Ann Street
Salisbury
SP1 2DR
Page 1
CHILMARK ESTATES LIMITED (REGISTERED NUMBER: 05224264)

ABBREVIATED BALANCE SHEET
31 MARCH 2016

2016 2014
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 - 44,706
Investment property 3 1,014,000 1,351,697
1,014,000 1,396,403

CURRENT ASSETS
Debtors 5,056 219,665
Cash at bank - 1,252
5,056 220,917
CREDITORS
Amounts falling due within one year 4 5,056 88,901
NET CURRENT ASSETS - 132,016
TOTAL ASSETS LESS CURRENT LIABILITIES 1,014,000 1,528,419

CREDITORS
Amounts falling due after more than one
year
4
614,000
805,773
NET ASSETS 400,000 722,646

CAPITAL AND RESERVES
Called up share capital 5 100 100
Revaluation of freehold
property 399,900 741,011
Profit and loss account - (18,465 )
SHAREHOLDERS' FUNDS 400,000 722,646

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 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...
CHILMARK ESTATES LIMITED (REGISTERED NUMBER: 05224264)

ABBREVIATED BALANCE SHEET - continued
31 MARCH 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 13 December 2016 and were signed on its behalf
by:





A D Wardall - Director


The notes form part of these abbreviated accounts

Page 3
CHILMARK ESTATES LIMITED (REGISTERED NUMBER: 05224264)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD 1 JANUARY 2015 TO 31 MARCH 2016


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 services, 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.

Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

Expenditure on fixed assets is capitalised except for expenditure incurred on the replacement of assets of low
value with short life. Repair, renovation and replacement expenditure is written off as expenditure in the profit
and loss account. The cost of fixed assets is their purchase costs, together with any incidental costs of
acquisition.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes
in market value is transferred to a revaluation reserve.

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 January 2015 83,484
Disposals (83,484 )
At 31 March 2016 -
DEPRECIATION
At 1 January 2015 38,778
Charge for period 1,737
Eliminated on disposal (40,515 )
At 31 March 2016 -
NET BOOK VALUE
At 31 March 2016 -
At 31 December 2014 44,706

Page 4 continued...
CHILMARK ESTATES LIMITED (REGISTERED NUMBER: 05224264)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE PERIOD 1 JANUARY 2015 TO 31 MARCH 2016


3. INVESTMENT PROPERTY
Total
£   
COST
At 1 January 2015 1,351,697
Additions 3,414
Revaluation (341,111 )
At 31 March 2016 1,014,000
NET BOOK VALUE
At 31 March 2016 1,014,000
At 31 December 2014 1,351,697

4. CREDITORS

Creditors include an amount of £ 614,000 (2014 - £ 817,336 ) for which security has been given.

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

2016 2014
£    £   
Repayable by instalments 614,000 793,273

5. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2016 2014
value: £    £   
100 Ordinary £1 100 100

Page 5