Abbreviated Company Accounts - CHAWTON JUNCTION RAILWAY COMPANY LIMITED

CHAWTON JUNCTION RAILWAY COMPANY LIMITED - Company Information

08022351 CHAWTON JUNCTION RAILWAY COMPANY LIMITED 2016-04-30 false 2015-05-01 2016-04-30 true 08022351 2015-05-01 2016-04-30 08022351 2016-04-30 08022351 2015-04-30 08022351 uk-gaap-cd-bus:Director1 2015-05-01 2016-04-30 08022351 uk-gaap-cd-bus:Director2 2015-05-01 2016-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-01 2016-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2016-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-30 iso4217:GBP shares

Registered Number 08022351

CHAWTON JUNCTION RAILWAY COMPANY LIMITED

Abbreviated Accounts

30 April 2016

CHAWTON JUNCTION RAILWAY COMPANY LIMITED Registered Number 08022351

Abbreviated Balance Sheet as at 30 April 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	152,981	80,493
Investments	3	282	282
		153,263	80,775
Current assets
Stocks		237,500	197,705
Debtors	4	517,615	510,216
Cash at bank and in hand		1	1
		755,116	707,922
Creditors: amounts falling due within one year		(976,326)	(747,093)
Net current assets (liabilities)		(221,210)	(39,171)
Total assets less current liabilities		(67,947)	41,604
Provisions for liabilities		0	(16,099)
Total net assets (liabilities)		(67,947)	25,505
Capital and reserves
Called up share capital	5	100	100
Profit and loss account		(68,047)	25,405
Shareholders' funds		(67,947)	25,505

For the year ending 30 April 2016 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 31 January 2017

And signed on their behalf by:
Mr D Stevenson, Director

CHAWTON JUNCTION RAILWAY COMPANY LIMITED Registered Number 08022351

Notes to the Abbreviated Accounts for the period ended 30 April 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The full financial statements, from which these abbreviated accounts have been extracted, have
been prepared under the historical cost convention and in accordance with the Financial Reporting
Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover comprises revenue recognised by the company in respect of goods and services supplied
during the year, exclusive of Value Added Tax.

Tangible assets depreciation policy
Tangible fixed assets are stated at values transferred by Mr E Stevenson as at 5 April 2012. The
locomotives concerned are not depreciated on the basis they are continually maintained.

Plant and machinery - 10% straight line basis

Other accounting policies
Going concern
The directors have prepared the accounts on the basis of the company being a going concern reliant
upon their continued support.

Investments
Investments held as fixed assets are shown at cost less provision for impairment.

Stocks
Stock represents spare parts and locomotives unsold as at the balance sheet date and are valued at
the lower of cost and net realisable value.

Deferred taxation
Full provision is made for deferred tax assets and liabilities arising from all timing differences
between the recognition of gains and losses in the financial statements and recognition in the tax
computation.
A net deferred tax asset is recognised only if it can be regarded as more likely than not that there will
be suitable taxable profits from which the future reversal of the underlying timing differences can be
deducted.
Deferred tax assets and liabilities are calculated at the tax rates expected to be effective at the time
the timing differences are expected to reverse.
Deferred tax assets and liabilities are not discounted.

2Tangible fixed assets

	£
Cost
At 1 May 2015	80,493
Additions	72,860
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2016	153,353
Depreciation
At 1 May 2015	-
Charge for the year	372
On disposals	-
At 30 April 2016	372
Net book values
At 30 April 2016	152,981
At 30 April 2015	80,493

3Fixed assets Investments
Cost or valuation
At 1 May 2015 and 30 April 2016 - £282

Net book value
At 30 April 2016 - £282
At 30 April 2015 - £282
Associates

Name Country of Class of
incorporation shares Holding Principal activity
UK Rail Leasing Ltd England Ordinary 23% Purchase, sale & hire of
locomotive engines

4Debtors

	2016 £	2015 £
Debtors include the following amounts due after more than one year	505,342	502,914

5Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100