Chemins Verts Limited Small abridged accounts

Chemins Verts Limited Small abridged accounts

CHEMINS VERTS LIMITED - Company Information

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Statement of Consent to Prepare Abridged Financial Statements
All of the members of Chemins Verts Limited have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the year ending 31 May 2018 in accordance with Section 444(2A) of the Companies Act 2006.
COMPANY REGISTRATION NUMBER: 10195384
Chemins Verts Limited
Filleted Unaudited Abridged Financial Statements
31 May 2018
Chemins Verts Limited
Abridged Financial Statements
Year ended 31 May 2018
Contents
Page
Abridged statement of financial position
1
Statement of changes in equity
2
Notes to the abridged financial statements
3
Chemins Verts Limited
Abridged Statement of Financial Position
31 May 2018
2018
2017
Note
£
£
Fixed assets
Tangible assets
4
361,575
361,575
Creditors: amounts falling due within one year
366,091
364,329
---------
---------
Net current liabilities
366,091
364,329
---------
---------
Total assets less current liabilities
( 4,516)
( 2,754)
-------
-------
Net liabilities
( 4,516)
( 2,754)
-------
-------
Capital and reserves
Called up share capital
10
10
Profit and loss account
( 4,526)
( 2,764)
-------
-------
Shareholders deficit
( 4,516)
( 2,754)
-------
-------
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.
For the year ending 31 May 2018 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 abridged financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .
These abridged financial statements were approved by the board of directors and authorised for issue on 5 July 2018 , and are signed on behalf of the board by:
R Whettem
V Whettem
Director
Director
Company registration number: 10195384
Chemins Verts Limited
Statement of Changes in Equity
Year ended 31 May 2018
Called up share capital
Profit and loss account
Total
£
£
£
At 23 May 2016
–
–
–
Loss for the year
( 2,764)
( 2,764)
----
-------
-------
Total comprehensive income for the year
–
( 2,764)
( 2,764)
Issue of shares
10
–
10
----
-------
-------
Total investments by and distributions to owners
10
–
10
At 31 May 2017
10
( 2,764)
( 2,754)
Loss for the year
( 1,762)
( 1,762)
----
-------
-------
Total comprehensive income for the year
–
( 1,762)
( 1,762)
----
-------
-------
At 31 May 2018
10
( 4,526)
( 4,516)
----
-------
-------
Chemins Verts Limited
Notes to the Abridged Financial Statements
Year ended 31 May 2018
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 23 Greenways, Haywards Heath, West Sussex, RH16 2DT.
2. Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Tangible assets
£
Cost
At 1 June 2017 and 31 May 2018
361,575
---------
Depreciation
At 1 June 2017 and 31 May 2018
–
---------
Carrying amount
At 31 May 2018
361,575
---------
At 31 May 2017
361,575
---------