Churchill Property Group (Cornwall) Limi - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05141573 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2018

for

Churchill Property Group (Cornwall)

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

D L Carnell

REGISTERED OFFICE:

Unit 6C

Station Yard

Thame

Oxfordshire

OX9 3UH

REGISTERED NUMBER:

05141573 (England and Wales)

ACCOUNTANTS:

Brookwood Accountancy

The Old Post Office

19 Banbury Road

Kidlington

Oxfordshire

OX5 1AQ

FIXED ASSETS

Investment property

4

550,125

-

CURRENT ASSETS

Stocks

1,157,950

1,157,950

Debtors

5

126

2

Cash at bank

8,962

3,715

1,167,038

1,161,667

CREDITORS

Amounts falling due within one year

6

1,641,069

1,130,109

NET CURRENT (LIABILITIES)/ASSETS

(474,031

)

31,558

TOTAL ASSETS LESS CURRENT LIABILITIES

76,094

31,558

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

76,092

31,556

SHAREHOLDERS' FUNDS

76,094

31,558

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2018 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 31 January 2019 and were signed by:

D L Carnell - Director

1.	STATUTORY INFORMATION

Churchill Property Group (Cornwall) Limited is a private company, limited by shares , registered in England

and Wales. 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

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes

in fair value is recognised in profit or loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different

from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and

laws that have been enacted or substantively enacted by the year end and that are expected to apply to the

reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

550,125

At 30 April 2018

550,125

NET BOOK VALUE

At 30 April 2018

550,125

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.18

30.4.17

£

£

Other debtors

126

2

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.18

30.4.17

£

£

Trade creditors

64,769

66,258

Taxation and social security

10,482

3,531

Other creditors

1,565,818

1,060,320

1,641,069

1,130,109