C_H_S_INVESTMENT_COMPANY_ - Accounts

C.H.S.INVESTMENT COMPANY LIMITED - Company Information

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Company Registration No. 00573771 (England and Wales)

C H S INVESTMENT COMPANY LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

C H S INVESTMENT COMPANY LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

C H S INVESTMENT COMPANY LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

525,000

Current assets

Debtors

34,309

21,426

Cash at bank and in hand

3,161

3,706

37,470

25,132

Creditors: amounts falling due within one year

(62,472)

(84,212)

Net current liabilities

(25,002)

(59,080)

Total assets less current liabilities

499,998

465,920

Capital and reserves

Called up share capital

Revaluation reserve

484,689

Profit and loss account

15,307

(18,771)

Shareholder's funds

499,998

465,920

For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 22 December 2016

Mrs S J Cresswell

Director

Company Registration No. 00573771

C H S INVESTMENT COMPANY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

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).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets include investment properties professionally valued by Chartered Surveyors on an existing use open market value basis. Other tangible fixed assets other than freehold land are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Freehold

Depreciation not provided in respect of properties

Fixtures, fittings & equipment

20% reducing balance basis

Fixed assets

Tangible assets

Cost or valuation

At 1 April 2015 & at 31 March 2016

525,620

Depreciation

At 1 April 2015 & at 31 March 2016

620

Net book value

At 31 March 2016

525,000

At 31 March 2015

525,000

Share capital

2016

2015

Allotted, called up and fully paid

2 ordinary shares of £1 each