| Chelsea & Sloane Appointments Ltd |
| Registered number: |
06707506 |
| Abbreviated Balance Sheet |
| as at 29 September 2016 |
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| Notes |
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2016 |
|
|
2015 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
2,502,252 |
|
|
2,509,627 |
| Investments |
3 |
|
|
138,913 |
|
|
138,913 |
|
|
|
|
2,641,165 |
|
|
2,648,540 |
|
| Current assets |
| Debtors |
|
|
1,650,712 |
|
|
1,573,015 |
| Cash at bank and in hand |
|
|
1,152,766 |
|
|
829,464 |
|
|
|
2,803,478 |
|
|
2,402,479 |
|
| Creditors: amounts falling due within one year |
|
|
(2,707,585) |
|
|
(2,351,376) |
|
| Net current assets |
|
|
|
95,893 |
|
|
51,103 |
|
| Total assets less current liabilities |
|
|
|
2,737,058 |
|
|
2,699,643 |
|
| Creditors: amounts falling due after more than one year |
|
|
|
(1,232,924) |
|
|
(1,322,887) |
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|
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| Net assets |
|
|
|
1,504,134 |
|
|
1,376,756 |
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|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
5 |
|
|
1 |
|
|
1 |
| Profit and loss account |
|
|
|
1,504,133 |
|
|
1,376,755 |
|
| Shareholder's funds |
|
|
|
1,504,134 |
|
|
1,376,756 |
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| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
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|
| H Venezia |
| Director |
| Approved by the board on 23 June 2017 |
|
| Chelsea & Sloane Appointments Ltd |
| Notes to the Abbreviated Accounts |
| for the period ended 29 September 2016 |
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| 1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
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Turnover |
|
Turnover represents the value, net of value added tax and discounts, of work carried out in respect of services provided to customers. |
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Depreciation |
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Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
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Office Equipment, Fixtures & Fittings |
20% reducing balance basis |
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Investment property |
|
In accordance with SSAP 19, the investment properties are revalued annually and the aggregate surplus or deficit is transferred to the revaluation reserve. No depreciation is provided in respect of that investment.
The Companies Act 2006 requires that all properties should be depreciated. However, this requirement conflicts with the generally accepted accounting principle set out in SSAP 19. The directors consider that, because the property is not held for consumption, but for its investment potential, to depreciate it would not give a true and fair view, and that it is necessary to adopt SSAP 19 in order to give a true and fair view.
If this departure from normal accounting policy had not been made, the profit for the financial year would have been reduced by depreciation. However, the amount of depreciation cannot be reasonably quantified because depreciation is only one of many factors reflected in the annual valuation and the amount, which might otherwise have been shown, cannot be separately identified or quantified. |
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| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 October 2015 |
2,551,870 |
|
At 29 September 2016 |
2,551,870 |
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Depreciation |
|
At 1 October 2015 |
42,243 |
|
Charge for the period |
7,375 |
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At 29 September 2016 |
49,618 |
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Net book value |
|
At 29 September 2016 |
2,502,252 |
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At 30 September 2015 |
2,509,627 |
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|
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| 3 |
Investments |
£ |
|
|
Cost |
|
At 1 October 2015 |
138,913 |
|
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At 29 September 2016 |
138,913 |
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The company holds 20% or more of the share capital of the following companies: |
|
| Capital and |
Profit (loss) |
|
Company |
Shares held |
reserves |
for the year |
|
|
Class |
% |
£ |
£ |
|
27 Model Management Limited |
Ordinary |
100 |
|
10 |
|
- |
|
Model Management Consultants Limited |
Ordinary |
100 |
|
2 |
|
- |
|
| 4 |
Loans |
2016 |
|
2015 |
| £ |
£ |
|
Creditors include: |
|
Amounts falling due for payment after more than five years |
535,920 |
|
786,967 |
|
Secured bank loans |
1,366,905 |
|
1,456,867 |
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| 5 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
1 |
|
1 |
|
1 |
|
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