CHELLEW_LINDSEY_(UK)_LIMI - Accounts

CHELLEW LINDSEY (UK) LIMITED - Company Information

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Company Registration No. 05411770 (England and Wales)

CHELLEW LINDSEY (UK) LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

CHELLEW LINDSEY (UK) LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

CHELLEW LINDSEY (UK) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

466,330

466,288

Current assets

Debtors

1,566

1,339

Cash at bank and in hand

18,213

5,024

19,779

6,363

Creditors: amounts falling due within one year

(91,222)

(81,472)

Net current liabilities

(71,443)

(75,109)

Total assets less current liabilities

394,887

391,179

Creditors: amounts falling due after more than one year

(590,957)

(590,771)

(196,070)

(199,592)

Capital and reserves

Called up share capital

Revaluation reserve

(157,091)

Profit and loss account

(38,981)

(42,503)

Shareholders' funds

(196,070)

(199,592)

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 members have 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 29 December 2016

Mrs J Chellew

Director

Company Registration No. 05411770

CHELLEW LINDSEY (UK) 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 in respect of residential rental properties.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets 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:

Fixtures, fittings & equipment

20% per annum on reducing balance basis

In the director's opinion no depreciation is necessary as the property is well maintained and market value is at least equal to cost. Impairment reviews are undertaken by the board on an annual basis.

Fixed assets

Tangible assets

Cost or valuation

At 1 April 2015

471,144

Additions

369

At 31 March 2016

471,513

Depreciation

At 1 April 2015

4,856

Charge for the year

327

At 31 March 2016

5,183

Net book value

At 31 March 2016

466,330

At 31 March 2015

466,288

CHELLEW LINDSEY (UK) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

2 Ordinary Shares £1 of £1 each