Chiswell Finance Limited - Accounts to registrar (filleted) - small 18.1
Chiswell Finance Limited - Accounts to registrar (filleted) - small 18.1
| REGISTERED NUMBER: |
| Financial Statements for the Year Ended 31 December 2017 |
| for |
| Chiswell Finance Limited |
| Chiswell Finance Limited (Registered number: 03531999) |
| Contents of the Financial Statements |
| for the Year Ended 31 December 2017 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 3 |
| Chiswell Finance Limited |
| Company Information |
| for the Year Ended 31 December 2017 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 4 Reading Road |
| Pangbourne |
| Reading |
| Berkshire |
| RG8 7LY |
| Chiswell Finance Limited (Registered number: 03531999) |
| Statement of Financial Position |
| 31 December 2017 |
| 2017 | 2016 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Debtors | 4 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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. |
| 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 |
| Chiswell Finance Limited (Registered number: 03531999) |
| Notes to the Financial Statements |
| for the Year Ended 31 December 2017 |
| 1. | STATUTORY INFORMATION |
| Chiswell Finance Limited is a |
| The company's registered number and registered office address can be found on the Company |
| Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements have been prepared under the going concern on the basis of continued |
| financial support by its main creditors. |
| Turnover |
| Interest receivable is treated as earned as it accrues monthly, based on the terms of the loan. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, |
| except to the extent that it relates to items recognised in other comprehensive income or directly in |
| equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been |
| enacted or substantively enacted by the statement of financial position date. |
| Fixed asset investments |
| Fixed asset investments are stated at cost less any write down required for impairments. |
| 3. | FIXED ASSET INVESTMENTS |
| Other |
| investments |
| £ |
| COST |
| At 1 January 2017 |
| and 31 December 2017 |
| PROVISIONS |
| At 1 January 2017 |
| and 31 December 2017 | 50,001 |
| NET BOOK VALUE |
| At 31 December 2017 |
| At 31 December 2016 |
| Chiswell Finance Limited (Registered number: 03531999) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2017 |
| 4. | DEBTORS |
| 2017 | 2016 |
| £ | £ |
| Amounts falling due within one year: |
| Amounts owed by group undertakings |
| Other debtors |
| Directors' current accounts |
| Tax - due within 1 year |
| Amounts falling due after more than one year: |
| Tax - due after 1 year |
| Aggregate amounts |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Amounts owed to group undertakings |
| Tax |
| Other creditors |
| Accrued expenses |
| 6. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| At the balance sheet date the director owed the company £2,988 (2016 : £3,808). During the year |
| advances to the company totalling £820 were made. |
| This amount was made interest free and had no set repayment terms. |
| 7. | RELATED PARTY DISCLOSURES |
| The director in the note above is M Sanderson. |
| 8. | ULTIMATE CONTROLLING PARTY |
| The ultimate holding company is PG Nominees Ltd, a company registered in Guernsey. |
| The immediate parent company is Trackelite Limited, a company incorporated in England and Wales. |