Company Registration No. 00573771 (England and Wales)
C H S INVESTMENT COMPANY LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2014
C H S INVESTMENT COMPANY LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
C H S INVESTMENT COMPANY LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2014
31 March 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
692,500
637,500
Current assets
Debtors
671
2,460
Cash at bank and in hand
4,097
4,786
4,768
7,246
Creditors: amounts falling due within one year
(253,985)
(244,962)
Net current liabilities
(249,217)
(237,716)
Total assets less current liabilities
443,283
399,784
Capital and reserves
Called up share capital
3
2
2
Revaluation reserve
514,274
459,274
Profit and loss account
(70,993)
(59,492)
Shareholders' funds
443,283
399,784
For the financial year ended 31 March 2014 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 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 financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 22 December 2014
Mr M M Cresswell
Director
Company Registration No. 00573771
C H S INVESTMENT COMPANY LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2014
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets include investment properties professionally valued by Chartered Surveyors on an existing use open market value basis. Other tangible fixed assets other than freehold land are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Freehold
Depreciation not provided in respect of properties
Fixtures, fittings & equipment
20% reducing balance basis
2
Fixed assets
Tangible assets
£
Cost or valuation
At 1 April 2013
638,120
Revaluation
55,000
At 31 March 2014
693,120
Depreciation
At 1 April 2013 & at 31 March 2014
620
Net book value
At 31 March 2014
692,500
At 31 March 2013
637,500
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
2 ordinary shares of £1 each
2
2
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