CHK Holdings Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 04769047 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2017

for

CHK Holdings Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

A J Pinkney

REGISTERED OFFICE:

Pyms Lane

Crewe

Cheshire

CW1 3PJ

REGISTERED NUMBER:

04769047 (England and Wales)

BANKERS:

Lloyds Bank plc

13 Victoria Street

Crewe

Cheshire

CW1 2JQ

FIXED ASSETS

Tangible assets

5

186

84

Investments

6

-

-

Investment property

7

3,750,000

3,750,000

3,750,186

3,750,084

CURRENT ASSETS

Debtors

8

93,073

19,804

Cash at bank

169,317

231,019

262,390

250,823

CREDITORS

Amounts falling due within one year

9

(142,274

)

(169,550

)

NET CURRENT ASSETS

120,116

81,273

TOTAL ASSETS LESS CURRENT LIABILITIES

3,870,302

3,831,357

PROVISIONS FOR LIABILITIES

10

(36

)

(17

)

NET ASSETS

3,870,266

3,831,340

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

3,870,066

3,831,140

SHAREHOLDERS' FUNDS

3,870,266

3,831,340

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 5 April 2018 and were signed by:

A J Pinkney - Director

1.	STATUTORY INFORMATION

CHK Holdings Limited ('The Company') is primarily a property investment company.

The company is a private company limited by shares and is incorporated in England and Wales. The address of

the principal place of business and of the registered office is Pyms Lane, Crewe, Cheshire, CW1 3PJ. The

company's registered number is 04769047.

The functional and presentational currency of the financial statements is the Pound Sterling (£). Monetary

amounts in these financial statements are rounded to the nearest £.

2.	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. This is the first set of financial statements prepared by the company in accordance with FRS 102 (Section 1A) and an explanation of how the transition has affected the reporting financial position is given in note 13.

3.	ACCOUNTING POLICIES

Summary of significant accounting policies

The principle accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all years presented, unless otherwise stated.

Basis of preparation

The financial statements are prepared on the going concern basis under the historical cost convention and comply

with United Kingdom Accounting Standards and Companies Act 2006.

Revenue recognition

Revenue represents net invoiced rents and recharged expenses, excluding Value Added Tax.

Net invoiced rents are recognised on an accruals basis.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment - 33.33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

Financial instruments

The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors and

directors' loans.

Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the discounted

amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective

evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the

Statement of Income and Retained Earnings.

Investment property

Investment property is shown at fair value. The fair value is reviewed annually by the director. Any aggregate

surplus or deficit arising from changes in the fair value in the year is recognised in the Statement of

Comprehensive Income. The cumulative fair value surplus on the investment property is highlighted in the notes

to the financial statements as a non distributable reserve.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2016 - 2 ) .

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 October 2016

250

Additions

277

At 30 September 2017

527

DEPRECIATION

At 1 October 2016

166

Charge for year

175

At 30 September 2017

341

NET BOOK VALUE

At 30 September 2017

186

At 30 September 2016

84

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 October 2016

and 30 September 2017

329,986

PROVISIONS

At 1 October 2016

and 30 September 2017

329,986

NET BOOK VALUE

At 30 September 2017

-

At 30 September 2016

-

7.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2016

and 30 September 2017

3,750,000

NET BOOK VALUE

At 30 September 2017

3,750,000

At 30 September 2016

3,750,000

If the investment property had not been revalued it would have been included at the following historical cost:

2016

2015

£

£

Cost

1,995,949

1,995,949

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

89,423

16,706

Prepayments and accrued income

3,650

3,098

93,073

19,804

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

-

1,270

Tax

37,568

38,491

Social security and other taxes

468

474

VAT

19,008

34,446

Director's current account

919

1,468

Accrued expenses

7,505

20,669

Deferred income

76,806

72,732

142,274

169,550

10.	PROVISIONS FOR LIABILITIES

2017

2016

£

£

Deferred tax

36

17

Deferred

tax

£

Balance at 1 October 2016

17

Charge for the year

19

Balance at 30 September 2017

36

11.	NON-DISTRIBUTABLE RESERVES

Included within retained earnings is an amount of £2,403,940 (2016 £2,403,940) which is non-distributable.

12.	FIRST YEAR ADOPTION

The company has adopted FRS 102 (Section 1A) for the year ended 30 September 2017 and has restated the

prior year amounts.

The investment property has been revalued to £3,750,000 as at 1 October 2015. The revaluation of £1,650,0000

has been credited to revaluation reserve as non-distributable.

The revaluation reserve of £753,940 as at 1 October 2015 has also been transferred to retained earnings as

non-distributable.

The impact of these adjustments has increased retained earnings as at 1 October 2015 to £3,777,244 with

£2,403,940 of this being non-distributable.

There has been no deferred tax recognised on these adjustments.