Chelsea Private Equity Limited - Period Ending 2017-01-31

Registration number: 04353735

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Chelsea Private Equity Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 January 2017

Montgomery Swann Ltd
Ground Floor Suite 4
Scotts Sufferance Wharf
1 Mill Street
London
SE1 2DE

Chelsea Private Equity Limited

Contents

Company Information	1
Accountants' Report	2
Profit and Loss Account	3
Balance Sheet	4 to 6
Notes to the Financial Statements	5

Chelsea Private Equity Limited

Company Information

Directors

H Corey J Corey

Company secretary

Montgomery Swann Secretary Limited

Registered office

Scotts Sufferance Wharf 1 Mill Street London London SE1 2DE

Accountants

Montgomery Swann Ltd Ground Floor Suite 4 Scotts Sufferance Wharf 1 Mill Street London SE1 2DE

Page 1

Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Chelsea Private Equity Limited
for the Year Ended 31 January 2017

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Chelsea Private Equity Limited for the year ended 31 January 2017 as set out on pages 3 to 6 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Chelsea Private Equity Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Chelsea Private Equity Limited and state those matters that we have agreed to state to the Board of Directors of Chelsea Private Equity Limited, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Chelsea Private Equity Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Chelsea Private Equity Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Chelsea Private Equity Limited. You consider that Chelsea Private Equity Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Chelsea Private Equity Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Montgomery Swann Ltd
Ground Floor Suite 4
Scotts Sufferance Wharf
1 Mill Street
London
SE1 2DE

31 October 2017

Page 2

Chelsea Private Equity Limited

Profit and Loss Account for the Year Ended 31 January 2017

	Note	Total 31 January 2017 £	Total 31 January 2016 £
Turnover		18,372	950
Cost of raw materials and consumables		-	(483)
Staff costs		(7,126)	(1,391)
Depreciation and other amounts written off assets		-	(299)
Other charges		(5,734)	(95,130)
Profit/(loss) before tax		5,512	(96,353)
Taxation		-	5,113
Profit/(loss) for the year		5,512	(91,240)

The notes on page 5 form an integral part of these financial statements.

Page 3

Chelsea Private Equity Limited

(Registration number: 04353735)
Balance Sheet as at 31 January 2017

	Note	2017 £	2016 £
Fixed assets		1	1
Current assets		10,134	5,545
Prepayments and accrued income		3,000	-
Creditors: Amounts falling due within one year		(75,052)	(74,175)
Net current liabilities		(61,918)	(68,630)
Total assets less current liabilities		(61,917)	(68,629)
Creditors: Amounts falling due after more than one year		(14,367)	(13,167)
		(76,284)	(81,796)
Capital and reserves		(76,284)	(81,796)

The notes on page 5 form an integral part of these financial statements.

Page 4

Chelsea Private Equity Limited

(Registration number: 04353735)
Balance Sheet as at 31 January 2017

Notes to the Financial Statements for the Year Ended 31 January 2017

1	General information

The company is a private company limited by share capital incorporated in Other.

The address of its registered office is:
Scotts Sufferance Wharf
1 Mill Street
London
London
SE1 2DE
England

The principal place of business is:
70 Tanner Street
13 Florin Court
London
SE1 3DP
England

These financial statements were authorised for issue by the Board on 31 October 2017.

Basis of preparation

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Page 5

Chelsea Private Equity Limited

(Registration number: 04353735)
Balance Sheet as at 31 January 2017

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

For the financial year ending 31 January 2017 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised by the Board on 31 October 2017 and signed on its behalf by:
 

.........................................

H Corey

Director

The notes on page 5 form an integral part of these financial statements.

Page 6