back to CHILWORTH ESTATES COMPANY LIMITED detail Chilworth Estates Company Limited - Filleted accounts
Registered number
01249618
Chilworth Estates Company Limited
Report and Unaudited Accounts
31 August 2018
Chilworth Estates Company Limited
Report and accounts
Contents
Page
Company information 1
Directors' report 2
Chartered Accountants' report 3
Balance sheet 4
Notes to the accounts 5
Chilworth Estates Company Limited
Company Information
Directors
Mr W N Dibben
Mrs M E Dibben
Secretary
Mrs M E Dibben
Accountants
Cochrane & Co Accountants Limited
38 Kings Road
Lee-on-the-Solent
Hampshire
PO13 9NU
Bankers
Lloyds TSB Bank Plc
63 London Road
Southampton
Hampshire
SO15 2US
Registered office
Stable End
Emery Down
Lyndhurst
Hampshire
SO43 7FJ
Registered number
01249618
Chilworth Estates Company Limited
Registered number: 01249618
Directors' Report
The directors present their report and accounts for the year ended 31 August 2018.
Principal activities
The company's principal activity during the year continued to be that of property development.
Directors
The following persons served as directors during the year:
Mr W N Dibben
Mrs M E Dibben
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 8 November 2018 and signed on its behalf.
Mr W N Dibben
Director
Chilworth Estates Company Limited
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Chilworth Estates Company Limited for the year ended 31 August 2018
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Chilworth Estates Company Limited for the year ended 31 August 2018 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at
www.icaew.com/en/members/regulations-standards-and-guidance
Our work has been undertaken in accordance with ICAEW Technical Release 07/16 AAF.
Cochrane & Co Accountants Limited
Chartered Accountants
38 Kings Road
Lee-on-the-Solent
Hampshire
PO13 9NU
8 November 2018
Chilworth Estates Company Limited
Registered number: 01249618
Balance Sheet
as at 31 August 2018
Notes 2018 2017
£ £
Current assets
Stocks 1,250 1,250
Cash at bank and in hand 91,457 105,752
92,707 107,002
Creditors: amounts falling due within one year 3 (3,536) (4,577)
Net current assets 89,171 102,425
Net assets 89,171 102,425
Capital and reserves
Called up share capital 15,000 15,000
Capital redemption reserve 5,000 5,000
Profit and loss account 69,171 82,425
Shareholders' funds 89,171 102,425
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr W N Dibben
Director
Approved by the board on 8 November 2018
Chilworth Estates Company Limited
Notes to the Accounts
for the year ended 31 August 2018
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2018 2017
Number Number
Average number of persons employed by the company 2 2
3 Creditors: amounts falling due within one year 2018 2017
£ £
Other creditors 3,536 4,577
4 Controlling party
The directors, together with their related parties, control the company by virtue of their shareholdings.
5 Other information
Chilworth Estates Company Limited is a private company limited by shares and incorporated in England. Its registered office is:
Stable End
Emery Down
Lyndhurst
Hampshire
SO43 7FJ
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