Chiswell Maine Limited - Accounts to registrar (filleted) - small 18.2

Chiswell Maine Limited - Accounts to registrar (filleted) - small 18.2

CHISWELL MAINE LIMITED - Company Information

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REGISTERED NUMBER: 08808749 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2018

for

Chiswell Maine Limited
Chiswell Maine Limited (Registered number: 08808749)






Contents of the Financial Statements
for the Year Ended 31 December 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Chiswell Maine Limited

Company Information
for the Year Ended 31 December 2018







DIRECTOR: R Ahmed





REGISTERED OFFICE: 2 Cricklade Court
Old Town
Swindon
Wiltshire
SN1 3EY





REGISTERED NUMBER: 08808749 (England and Wales)





ACCOUNTANTS: Morley & Co (UK) Ltd
Chartered Certified Accountants,
2 Cricklade Court
Old Town
Swindon
Wiltshire
SN1 3EY
Page 1
Chiswell Maine Limited (Registered number: 08808749)

Balance Sheet
31 December 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,525,000 1,525,000

CURRENT ASSETS
Debtors 5 7,500 20,451
Cash at bank 20,508 17,389
28,008 37,840
CREDITORS
Amounts falling due within one year 6 380,648 407,367
NET CURRENT LIABILITIES (352,640 ) (369,527 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,172,360
1,155,473

CREDITORS
Amounts falling due after more than one
year
7
(845,002
)
(858,833
)

PROVISIONS FOR LIABILITIES (57,982 ) (57,982 )
NET ASSETS 269,376 238,658

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 247,186 247,186
Retained earnings 22,090 (8,628 )
SHAREHOLDERS' FUNDS 269,376 238,658

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 notes form part of these financial statements

Page 2 continued...
Chiswell Maine Limited (Registered number: 08808749)

Balance Sheet - continued
31 December 2018


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 3 February 2019 and were signed by:





R Ahmed - Director


The notes form part of these financial statements

Page 3
Chiswell Maine Limited (Registered number: 08808749)

Notes to the Financial Statements
for the Year Ended 31 December 2018

1. STATUTORY INFORMATION

Chiswell Maine 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 as modified by the revaluation of certain assets.

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.

Investment properties are initially recognised at cost which includes purchase cost and any directly attributable
expenditure. Investment properties whose fair value can be measured reliably are measured at fair value. The
surplus or deficit on revaluation is recognised in the profit and loss account accumulated in the profit and loss
reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be
permanent, in which case it is recognised in the profit and loss account for the year.

Financial instruments
Basic financial instruments, including trade and other receivables and payables, cash and bank balances, bank
loans and loans to or from other group companies are initially recognised at transaction price, unless the
arrangement constitutes a financing transaction, where the transaction is measured at the present value of the
future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost
using the effective interest method.

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 ) .

Page 4 continued...
Chiswell Maine Limited (Registered number: 08808749)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2018

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2018
and 31 December 2018 1,525,000
NET BOOK VALUE
At 31 December 2018 1,525,000
At 31 December 2017 1,525,000

Fair value at 31 December 2018 is represented by:

£   
Valuation in 2017 305,168
Cost 1,219,832
1,525,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Deposits 7,500 7,500
VAT - 12,951
7,500 20,451

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Bank loans and overdrafts 55,746 55,746
Tax 7,205 21
VAT 5,647 -
Other creditors 310,900 349,900
Accruals and deferred income 1,150 1,700
380,648 407,367

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2018 2017
£    £   
Bank loans - 1-2 years 55,746 55,746
Bank loans - 2-5 years 167,239 167,239
Bank loans more 5 yr by instal 622,017 635,848
845,002 858,833

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 622,017 635,848

Page 5 continued...
Chiswell Maine Limited (Registered number: 08808749)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2018

8. RESERVES
Fair
value
reserve
£   
At 1 January 2018
and 31 December 2018 247,186

Page 6