CHRISTOPHER_WREN_LIMITED - Accounts

CHRISTOPHER WREN LIMITED - Company Information

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Company Registration No. 01393236 (England and Wales)

CHRISTOPHER WREN LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2016

CHRISTOPHER WREN LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

CHRISTOPHER WREN LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

762,965

737,949

Current assets

Stocks

3,469,501

3,143,872

Debtors

9,847

36,754

Cash at bank and in hand

791,865

73,777

4,271,213

3,254,403

Creditors: amounts falling due within one year

(1,344,760)

(463,549)

Net current assets

2,926,453

2,790,854

Total assets less current liabilities

3,689,418

3,528,803

Provisions for liabilities

(6,091)

(10,082)

3,683,327

3,518,721

Capital and reserves

Called up share capital

600

Share premium account

1,440,920

Revaluation reserve

431,656

Profit and loss account

1,810,151

1,645,545

Shareholders' funds

3,683,327

3,518,721

CHRISTOPHER WREN LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

30 JUNE 2016

- 2 -

For the financial year ended 30 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 13 March 2017

P G Robinson

Director

Company Registration No. 01393236

CHRISTOPHER WREN LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

- 3 -

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 from property sales and development.

Other operating income relates to rents receivable in respect of the financial period.

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:

Land and buildings leasehold

10% per annum on a straight line basis

Plant and machinery

33% per annum on a straight line basis

Fixtures & fittings

15% per annum on a straight line basis

Motor vehicles

25% per annum on a straight line basis

Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.

Although this accounting policy is in accordance with the applicable accounting standard, SSAP 19, Accounting for investment properties, it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

1.5

Stock and work in progress

Work in progress is valued at cost plus a proportion of profit accrued to date where properties have been subsequently sold and profit realised.

1.6

Deferred taxation

Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

CHRISTOPHER WREN LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2016

- 4 -

Fixed assets

Tangible assets

Cost or valuation

At 1 July 2015

989,195

Additions

50,270

Disposals

(8,821)

At 30 June 2016

1,030,644

Depreciation

At 1 July 2015

251,246

On disposals

(8,821)

Charge for the year

25,254

At 30 June 2016

267,679

Net book value

At 30 June 2016

762,965

At 30 June 2015

737,949

Share capital

2016

2015

Allotted, called up and fully paid

500 Ordinary shares of £1 each

500

100 Ordinary "B" shares of £1 each

100

600

The rights of the ordinary shareholders are such that they are entitled to a capital value payment up to £2,500,000 and the first £500,000 per annum of any annual dividends declared. Ordinary "B" shareholders are entitled to a capital value and dividend payments in excess of these amounts. In all other respects the shares rank pari passu.