Company Registration No. 10168103 (England and Wales)
Chain Estates Limited
Unaudited accounts
for the year ended 30 April 2018
Chain Estates Limited
Unaudited accounts
Contents
Chain Estates Limited
Company Information
for the year ended 30 April 2018
Company Number
10168103 (England and Wales)
Registered Office
82 Filey Avenue
London
N16 6JJ
England
Chain Estates Limited
Statement of financial position
as at 30 April 2018
Tangible assets
9,241
1,485
Investment property
1,567,896
1,544,604
Cash at bank and in hand
5,492
-
Creditors: amounts falling due within one year
(1,508,451)
(1,445,577)
Net current liabilities
(1,496,711)
(1,445,577)
Total assets less current liabilities
80,426
100,512
Provisions for liabilities
Deferred tax
(30,785)
(36,933)
Called up share capital
1
1
Profit and loss account
49,640
63,578
Shareholders' funds
49,641
63,579
For the year ending 30 April 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 30 January 2019.
Meir goldberg
Director
Company Registration No. 10168103
Chain Estates Limited
Notes to the Accounts
for the year ended 30 April 2018
Chain Estates Limited is a private company, limited by shares, registered in England and Wales, registration number 10168103. The registered office is 82 Filey Avenue, London, N16 6JJ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% reducing balance basis
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Chain Estates Limited
Notes to the Accounts
for the year ended 30 April 2018
4
Tangible fixed assets
Total
5
Average number of employees
During the year the average number of employees was 0 (2017: 0).
