Chance Investments Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09051808 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MAY 2018

FOR

CHANCE INVESTMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P Bland

Mr G Bland

SECRETARY:

REGISTERED OFFICE:

Catterick House

Morton Road

Yarm Road Business Park

Darlington

Co. Durham

DL1 4PT

REGISTERED NUMBER:

09051808 (England and Wales)

ACCOUNTANTS:

White Rose Corporation Ltd

Holly Barn

Carlton Miniott

Thirsk

North Yorkshire

YO7 4NJ

FIXED ASSETS

Tangible assets

3

1,475,125

CURRENT ASSETS

Stocks

101,000

Debtors

4

934

Cash at bank and in hand

121,027

222,961

CREDITORS

Amounts falling due within one year

5

23,286

NET CURRENT ASSETS

199,675

TOTAL ASSETS LESS CURRENT LIABILITIES

1,674,800

CREDITORS

Amounts falling due after more than one year

6

1,459,750

NET ASSETS

215,050

CAPITAL AND RESERVES

Called up share capital

502

Retained earnings

214,548

SHAREHOLDERS' FUNDS

215,050

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 26th February 2019 and were signed on its behalf by:

Mr P Bland - Director

Mr G Bland - Director

1.	STATUTORY INFORMATION

Chance Investments 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

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

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

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.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1st June 2017

1,369,029

Additions

106,096

At 31st May 2018

1,475,125

NET BOOK VALUE

At 31st May 2018

1,475,125

At 31st May 2017

1,369,029

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

934

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Taxation and social security

21,415

Other creditors

1,871

23,286

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Other creditors

1,459,750

7.	RELATED PARTY DISCLOSURES

Supplies of goods and services, at arm's length, from/(to) businesses in which directors have interests were as

follows:

2018

£

P.Bland / G.Bland

-R.Bland

101,000

At the Balance Sheet date, amounts were due from/(to) businesses in which directors have interests as follows:

2018

£

P.Bland / G.Bland

-R.Bland

0