Abbreviated Company Accounts - CHELSEA SQUARE COMMERCIAL LIMITED

CHELSEA SQUARE COMMERCIAL LIMITED - Company Information

05036714 CHELSEA SQUARE COMMERCIAL LIMITED 2014-03-31 false 2013-04-01 2014-03-31 true 05036714 2013-04-01 2014-03-31 05036714 2014-03-31 05036714 2013-03-31 05036714 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 05036714 uk-gaap-cd-bus:Director2 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-31 iso4217:GBP shares

Registered Number 05036714

CHELSEA SQUARE COMMERCIAL LIMITED

Abbreviated Accounts

31 March 2014

CHELSEA SQUARE COMMERCIAL LIMITED Registered Number 05036714

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	396,109	396,109
		396,109	396,109
Current assets
Debtors		11,547	6,475
Cash at bank and in hand		429	254
		11,976	6,729
Creditors: amounts falling due within one year	3	(136,074)	(118,881)
Net current assets (liabilities)		(124,098)	(112,152)
Total assets less current liabilities		272,011	283,957
Creditors: amounts falling due after more than one year	3	(246,155)	(258,761)
Total net assets (liabilities)		25,856	25,196
Capital and reserves
Called up share capital	4	10,000	10,000
Profit and loss account		15,856	15,196
Shareholders' funds		25,856	25,196

For the year ending 31 March 2014 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 19 December 2014

And signed on their behalf by:
Mr A Burgering, Director

CHELSEA SQUARE COMMERCIAL LIMITED Registered Number 05036714

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
1 Accounting policies

1.1 Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

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 for goods and services net of VAT and trade discounts.

1.4 Tangible fixed assets and depreciation
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 Financial Reporting Standard for Smaller Entities (effective April 2008), 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 director 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.

2Tangible fixed assets

	£
Cost
At 1 April 2013	396,109
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	396,109
Depreciation
At 1 April 2013	-
Charge for the year	-
On disposals	-
At 31 March 2014	-
Net book values
At 31 March 2014	396,109
At 31 March 2013	396,109

3Creditors

	2014 £	2013 £
Instalment debts due after 5 years	156,125	168,734

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
1 Ordinary shares of £10,000 each	10,000	10,000