Chapman Estates (Leicester) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00397923 (England and Wales)

Unaudited Financial Statements

for the Year Ended

31 March 2019

for

Chapman Estates (Leicester) Limited

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

Mrs F J Palmer

Mrs S M Kenlock

Mrs V A Jinks

Mrs C F J Jackson

G F Chapman

SECRETARY:

Mrs C F J Jackson

REGISTERED OFFICE:

Charnwood House

Harcourt Way

Meridian Business Park

Leicestershire

LE19 1WP

REGISTERED NUMBER:

00397923 (England and Wales)

ACCOUNTANTS:

The Rowleys Partnership Ltd

Chartered Accountants

Charnwood House

Harcourt Way

Meridian Business Park

Leicester

Leicestershire

LE19 1WP

The following reproduces the text of the report prepared for the directors in respect of the company's

annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain

other primary statements and the Report of the Directors are not required to be filed with the

Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your

approval the financial statements of Chapman Estates (Leicester) Limited for the year ended

31 March 2019 which comprise the Income Statement, 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 (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Chapman Estates (Leicester) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Chapman Estates (Leicester) Limited and state those matters that we have agreed to state to the Board of Directors of Chapman Estates (Leicester) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Chapman Estates (Leicester) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Chapman Estates (Leicester) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Chapman Estates (Leicester) Limited. You consider that Chapman Estates (Leicester) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Chapman Estates (Leicester) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

The Rowleys Partnership Ltd

Chartered Accountants

Charnwood House

Harcourt Way

Meridian Business Park

Leicester

Leicestershire

LE19 1WP

6 June 2019

CURRENT ASSETS

Stocks

685,689

80,345

Debtors

4

37,563

16,890

Cash at bank

246,775

100,672

970,027

197,907

CREDITORS

Amounts falling due within one year

5

39,059

12,896

NET CURRENT ASSETS

930,968

185,011

TOTAL ASSETS LESS CURRENT LIABILITIES

930,968

185,011

CREDITORS

Amounts falling due after more than one year

6

750,000

-

NET ASSETS

180,968

185,011

CAPITAL AND RESERVES

Called up share capital

8

25,000

25,000

Retained earnings

155,968

160,011

SHAREHOLDERS' FUNDS

180,968

185,011

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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 6 June 2019 and were signed on its behalf by:

Mrs F J Palmer - Director

1.	STATUTORY INFORMATION

Chapman Estates (Leicester) 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents rental income, land sales and residential development sales. Turnover is

recognised when the rent is due and sale of land is completed.

Stocks

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

obsolete and slow moving items.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade debtors

23,432

11,350

Amounts owed by Lynwood Farm Estates Limited

5,390

5,390

VAT

2,552

-

Prepayments and accrued income

6,189

150

37,563

16,890

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade creditors

3,288

-

Corporation tax

3,598

3,829

Accruals and deferred income

32,173

9,067

39,059

12,896

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.19

31.3.18

£

£

Other loans - 2-5 years

750,000

-

7.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.19

31.3.18

£

£

Other loans

750,000

-

In 2012 Wilson Bowden Developments Limited registered a legal charge over freehold property

known as Glebe Farm and Brickyard Farm included within stock.

From 2018 there is an additional legal charge on behalf of F J Palmer, V A Jinks and Great Western

Properties Ltd over land known as Laurel Farm and land known as Whetstone Golf Course.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.19

31.3.18

value:

£

£

25,000

Ordinary

£1

25,000

25,000