Chapel Court Micklefield Limited - Period Ending 2017-08-31

Registered number: 05211370

Chapel Court Micklefield Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 August 2017

Chapel Court Micklefield Limited

Balance Sheet as at 31 August 2017

	Note	2017 £	2016 £
Current assets
Debtors	3	1,773	3,554
Cash at bank and in hand		2,490	211
		4,263	3,765
Creditors: Amounts falling due within one year	4	(1,344)	(1,332)
Net assets		2,919	2,433
Capital and reserves
Called up share capital		6	6
Profit and loss account		2,913	2,427
Total equity		2,919	2,433

For the financial year ending 31 August 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.

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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 21 May 2018 and signed on its behalf by:
 

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

J Foley
Director

Chapel Court Micklefield Limited
(Registered number: 05211370)

Chapel Court Micklefield Limited

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

1	General information

The company is a private company limited by share capital incorporated in England and Wales.

The address of its registered office is:
18 Hall Farm Park
Old Micklefield
Leeds
West Yorkshire
LS25 4DP

These financial statements were authorised for issue by the Board on 21 May 2018.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

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.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Debtors

	2017 £	2016 £
Service charges and ground rent in arrears	889	2,677
Insurance prepayment	884	877
Total current trade and other debtors	1,773	3,554

Chapel Court Micklefield Limited

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

4

Creditors

	2017 £	2016 £
Due within one year
Service charges and ground rent in advance	918	918
Accrued expenses	426	414
	1,344	1,332