Chasemount Property Management Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10960562 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 13TH SEPTEMBER 2017 TO 31ST DECEMBER 2018

FOR

CHASEMOUNT PROPERTY MANAGEMENT LIMITED

Page

Company Information

1

Report of the Accountants

2

Balance Sheet

3

Notes to the Financial Statements

4

DIRECTORS:

B F Mein

Ms C A Rawlinson

G Smith

REGISTERED OFFICE:

Chasemount

Snows Ride

Windlesham

GU20 6LN

REGISTERED NUMBER:

10960562 (England and Wales)

ACCOUNTANTS:

Kirk Rice LLP

The Courtyard

High Street

Ascot

Berkshire

SL5 7HP

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.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the period ended 31st December 2018 set out on pages four to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Kirk Rice LLP

The Courtyard

High Street

Ascot

Berkshire

SL5 7HP

12th June 2019

FIXED ASSETS

Tangible assets

4

133,870

CURRENT ASSETS

Debtors

5

10,677

Cash at bank

7,060

17,737

CREDITORS

Amounts falling due within one year

6

(151,977

)

NET CURRENT LIABILITIES

(134,240

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(370

)

CAPITAL AND RESERVES

Called up share capital

3

Retained earnings

(373

)

(370

)

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31st December 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 12th June 2019 and were signed on its behalf by:

B F Mein - Director

1.	STATUTORY INFORMATION

Chasemount Property Management 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention in accordance with the Financial Reporting Standard

for Smaller Entities (effective April 2008)

Turnover

Turnover represents ground rent invoiced to lessees of the property owned by the company. Turnover has been deemed to accrue evenly

over the year. Service charges relating to periods after the balance sheet date have not been included in turnover, but are included within

creditors as deferred income.

Contributions from leaseholder to enable the company to make an application under S13 of the Leasehold Reform, housing and Urban

Development Act 1993 and for the company to finance the purchase of the freehold have been excluded from turnover and included in

creditors as deferred rights to lease extensions.

Tangible fixed assets

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

Land and Buildings - not provided

The free hold property represent the land and buildings situated at Chasemount, Snows Ride, Windlesham, GU20 6LN. All the

shareholders in the company are leaseholders of the property, which is held for their benefit.

No depreciation has been provided as the reburial value of the property is so great that and deprecation would be immaterial

Taxation

Taxation for the period 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 period 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 period was NIL.

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

Additions

133,870

At 31st December 2018

133,870

NET BOOK VALUE

At 31st December 2018

133,870

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

700

Other debtors

9,977

10,677

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Deposits from leaseholders

134,017

Other creditors

600

Directors' current accounts

17,000

Accrued expenses

360

151,977