CHURCHILL_PROPERTY_GROUP_ - Accounts

CHURCHILL PROPERTY GROUP (MARLOW) LIMITED - Company Information

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Company Registration No. 05123305 (England and Wales)

CHURCHILL PROPERTY GROUP (MARLOW) LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2016

CHURCHILL PROPERTY GROUP (MARLOW) LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

CHURCHILL PROPERTY GROUP (MARLOW) LTD

ABBREVIATED BALANCE SHEET

AS AT

30 APRIL 2016

- 1 -

2016

2015

Notes

Current assets

Stocks

101,808

Debtors

268,828

1,846,875

268,828

1,948,683

Creditors: amounts falling due within one year

(65,971)

(1,774,515)

Total assets less current liabilities

202,857

174,168

Capital and reserves

Called up share capital

Profit and loss account

202,856

174,167

Shareholders' funds

202,857

174,168

For the financial year ended 30 April 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 his 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 31 January 2017

Mr S Westwell

Director

Company Registration No. 05123305

CHURCHILL PROPERTY GROUP (MARLOW) LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention 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 comprises of property disposal, rental income and recharged expenses.

1.4

Stock and work in progress

Work in progress is valued at the lower of cost and net realisable value for the period ended 30th April 2015. Costs include all direct expenditure and an appropriate proportion of fixed and variable overheads.

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £0 (2015 - £788,067).

The loan from Santander outstanding in 2015 of £406,067 was secured by way of two mortgage charges dated 22.08.05. One of these has a legal and general charge against the property and the other a deed if assignment on rental income. A mortgage was created on 12.02.2008 as a legal charge in favour of National Westminster Bank PLC as a further charge against the property. The Santander loan at the year end amounts to £nil (2015: £406,067) and the Nat West loan is £nil (2015: £382,000).

Share capital

2016

2015

Allotted, called up and fully paid

1 Ordinary of £1 each

Transactions with directors

The following directors had interest free loans during the year, the total balance of £264,305 is included in other debtors at the year end. The movement on these loans are as follows:

Amount outstanding

Maximum

2016

2015

in year

Director's current account - Mr S M Westwell

264,305

491,695