Abbreviated Company Accounts - CHAND PROPERTIES LIMITED

CHAND PROPERTIES LIMITED - Company Information

Registered Number 09622267

CHAND PROPERTIES LIMITED

Abbreviated Accounts

30 June 2016

CHAND PROPERTIES LIMITED Registered Number 09622267

Abbreviated Balance Sheet as at 30 June 2016

	Notes	2016
		£
Fixed assets
Tangible assets	2	336,000
		336,000
Current assets
Cash at bank and in hand		10,725
		10,725
Creditors: amounts falling due within one year		(341,730)
Net current assets (liabilities)		(331,005)
Total assets less current liabilities		4,995
Total net assets (liabilities)		4,995
Capital and reserves
Called up share capital		100
Profit and loss account		4,895
Shareholders' funds		4,995

For the year ending 30 June 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 27 March 2017

And signed on their behalf by:
Mr Christopher Gill, Director

CHAND PROPERTIES LIMITED Registered Number 09622267

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

1Accounting Policies

Basis of measurement and preparation of accounts
Basis of Preparation Of Financial Statements
==================================
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover
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Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible Fixed Assets and Depreciation
==============================
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold Nil

2Tangible fixed assets

	£
Cost
Additions	336,000
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2016	336,000
Depreciation
Charge for the year	-
On disposals	-
At 30 June 2016	-
Net book values
At 30 June 2016	336,000