Chartcombe Properties Limited - Accounts to registrar (filleted) - small 18.2

Chartcombe Properties Limited - Accounts to registrar (filleted) - small 18.2

CHARTCOMBE PROPERTIES LIMITED - Company Information

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REGISTERED NUMBER: 03155760 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2021

FOR

CHARTCOMBE PROPERTIES LIMITED
Carter & Coley
Chartered Accountants
3 Durrant Road
Bournemouth
Dorset
BH2 6NE








CHARTCOMBE PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2021







DIRECTORS: B Jones
D J Pedley
Mrs L M Palmer
J A Ross
Dr C R House





SECRETARY: M R Hudson





REGISTERED OFFICE: Heliting House
Richmond Hill
Bournemouth
Dorset
BH2 6HT





REGISTERED NUMBER: 03155760 (England and Wales)





ACCOUNTANTS: Carter & Coley
Chartered Accountants
3 Durrant Road
Bournemouth
Dorset
BH2 6NE
Page 1
CHARTCOMBE PROPERTIES LIMITED (REGISTERED NUMBER: 03155

BALANCE SHEET
30 SEPTEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 141,364 141,364

CURRENT ASSETS
Debtors 5 27,360 18,297

CREDITORS
Amounts falling due within one year 6 2,309 2,068
NET CURRENT ASSETS 25,051 16,229
TOTAL ASSETS LESS CURRENT
LIABILITIES
166,415
157,593

CAPITAL AND RESERVES
Called up share capital 7 77 77
Freehold reserve 141,287 141,287
Retained earnings 25,051 16,229
SHAREHOLDERS' FUNDS 166,415 157,593

The notes form part of these financial statements

Page 2 continued...
CHARTCOMBE PROPERTIES LIMITED (REGISTERED NUMBER: 03155

BALANCE SHEET - continued
30 SEPTEMBER 2021


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2021 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 23 February 2022 and were signed on its behalf by:





B Jones - Director


The notes form part of these financial statements

Page 3
CHARTCOMBE PROPERTIES LIMITED (REGISTERED NUMBER: 03155

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021


1. STATUTORY INFORMATION

Chartcombe Properties 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
The turnover shown in the profit and loss account represents rental income invoiced during the year.

Tangible fixed assets
All fixed assets are initially recorded at cost.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 October 2020
and 30 September 2021 141,364
NET BOOK VALUE
At 30 September 2021 141,364
At 30 September 2020 141,364

Page 4 continued...
CHARTCOMBE PROPERTIES LIMITED (REGISTERED NUMBER: 03155

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2021


4. TANGIBLE FIXED ASSETS - continued

The cost of the freehold property represents the value of the freehold reversion and the previous caretakers flat, which is now being rented out on commercial terms.

The company has recently obtained a valuation for the rented flat of £260,000 (2018: £260,000), based upon an open market valuation with a long lease.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Monies due from service charge 27,360 18,297

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Corporation tax 2,069 1,828
Accruals and deferred income 240 240
2,309 2,068

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
77 Ordinary £1 77 77

Page 5
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
CHARTCOMBE PROPERTIES LIMITED


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 Chartcombe Properties Limited for the year ended 30 September 2021 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 Chartcombe Properties 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 Chartcombe Properties Limited and state those matters that we have agreed to state to the Board of Directors of Chartcombe Properties 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 Chartcombe Properties Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Chartcombe Properties 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 profit of Chartcombe Properties Limited. You consider that Chartcombe Properties 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 Chartcombe Properties 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.






Carter & Coley
Chartered Accountants
3 Durrant Road
Bournemouth
Dorset
BH2 6NE


24 February 2022

This page does not form part of the statutory financial statements

Page 6