Accounts filed on 31-03-2017

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			Company registration number:			02836092
CHILTERN HOME DEVELOPMENTS LIMITED
REPORT OF THE DIRECTOR'S AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2017

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CHILTERN HOME DEVELOPMENTS LIMITED
BALANCE SHEET
AS AT 31 March 2017
					2017				2016
				Notes	£		£		£		£
FIXED ASSETS
Tangible assets				2			436,306				448,439
							436,306				448,439
CURRENT ASSETS
Stocks					43,800				43,800
Debtors					104,050				275,465
Cash at bank and in hand					392,227				235,760
					540,077				555,025
CREDITORS
Amounts falling due within one year					(69,289)				(39,202)
NET CURRENT ASSETS							470,788				515,823
TOTAL ASSETS LESS
CURRENT LIABILITIES							907,094				964,262
NET ASSETS							907,094				964,262
CAPITAL AND RESERVES
Called-up equity share capital							2				2
Profit and loss account							907,092				964,260
SHAREHOLDERS FUNDS							907,094				964,262
For the year ending 31 March 2017 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of the accounts.
All the members have consented to the preparation of abridged financial statements for the YEAR ended 31 March 2017 in accordance with Section 444(2A) of the Companies Act 2006.
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. Approved by the board of directors on 15 December 2017 and signed on its behalf.
..........................................................................
P Stanton
15 December 2017
The annexed notes form part of these financial statements.

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CHILTERN HOME DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

1.

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with the provisions of Section 1A 'Small entities' of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. There were no material departures from the standard. These financial statements have been prepared in accordance with the provisions of Section 1A 'Small entities' of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. There were no material departures from the standard.

Basis of preparing the financial statements

The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2015).

Turnover

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

Fixed Assets

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Plant and machinery - 25% per annum of cost Motor vehicles - 25% per annum of cost

Stocks and Work In Progress

Inventories have been valued at the lower of cost and estimated selling price less costs to sell. In respect of work in progress and finished good , cost includes a relevant proportion of overheads according to the stage of manufacture / completion.

Leasing

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets and depreciated over the shorter of the lease term and their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

2.	Tangible fixed assets
				Total
	Cost
	At start of period			504,903
	At end of period			504,903
	Depreciation
	At start of period			56,464
	Provided during the period			12,133
	At end of period			68,597
	Net Book Value
	At start of period			448,439
	At end of period			436,306

3.

Related Party Transactions

Ordinary dividends paid to directors in their capacity as shareholders during the year included £29,930 to Mr P Stanton (2014 - £56,750).