Charlton Manor Estates Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 02030354 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2013

FOR

CHARLTON MANOR ESTATES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

M Kilham

SECRETARY:

Mrs M Kilham

REGISTERED OFFICE:

27 Ardwick Green North

Ardwick Green

Manchester

Greater Manchester

M12 6FZ

REGISTERED NUMBER:

02030354 (England and Wales)

ACCOUNTANTS:

Walker Begley Limited

Chartered Accountants

207 Knutsford Road

Grappenhall

Warrington

Cheshire

WA4 2QL

FIXED ASSETS

Tangible assets

2

975,002

975,138

CURRENT ASSETS

Debtors

196,518

210,354

Cash at bank and in hand

671,191

608,505

867,709

818,859

CREDITORS

Amounts falling due within one year

127,118

128,959

NET CURRENT ASSETS

740,591

689,900

TOTAL ASSETS LESS CURRENT LIABILITIES

1,715,593

1,665,038

PROVISIONS FOR LIABILITIES

-

28

NET ASSETS

1,715,593

1,665,010

CAPITAL AND RESERVES

Called up share capital

3

200

200

Share premium

254,232

254,232

Revaluation reserve

467,156

467,156

Profit and loss account

994,005

943,422

SHAREHOLDERS' FUNDS

1,715,593

1,665,010

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 20 February 2014 and were signed by:

M Kilham - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation

of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April

2008).

The financial statements are in compliance with the Companies Act 1985 except that, as explained below,

investment properties are not depreciated.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

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

Freehold property

-

not provided

Fixtures and fittings

-

25% on cost

Computer equipment

-

33% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Investment property

The property is considered to be investment property as defined by Statement of Standard Accounting Practice

Number 19. In accordance with the standard the property is revalued annually and the surplus or deficit

transferred to a revaluation reserve. No depreciation is provided in respect of the property. This is a departure

from the requirements of the Companies Act 1985 which requires all properties to be depreciated.

Depreciation is only one amongst many factors reflected in the annual valuation of the properties and

accordingly the amount of depreciation which might otherwise have been charged cannot be separately identified

or quantified. The director considers that this policy is necessary for the accounts to show a true and fair view.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 January 2013

and 31 December 2013

992,935

DEPRECIATION

At 1 January 2013

17,797

Charge for year

136

At 31 December 2013

17,933

NET BOOK VALUE

At 31 December 2013

975,002

At 31 December 2012

975,138

The company's freehold property, on which no depreciation is provided,is included at a valuation of £975,000 as

at 31 December 2013. This valuation includes properties valued by Grimley, International Property Advisers as

at 16 April 1997, at an open market value of £845,000. The remaining freehold property was purchased during

the year ended 31 December 2000 and is included at its cost of £130,000.

Freehold and leasehold property is considered to be investment property as defined by Statement of Standard

Accounting Practice Number 19.

The Director is of the opinion that little benefit would be gained by incurring the cost of an up to date valuation.

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/12/13

31/12/12

value:

£

£

200

Ordinary

£1

200

200

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Part of an investment property is let to the director M J Kilham for £5,300 per annum. The rent paid by the

director is a fair rent which has been determined by the rateable value of the property concerned.

The director, M J Kilham, has made an unsecured interest free loan available to the company. The year end

balance was £391 (2012 - £472).

During the year the director, Mr M J Kilham, received dividends totalling £44,850.

5.	CONTROLLING PARTY

The director, M J Kilham, controls the company by virtue of his beneficial interest in 100% of the company's

ordinary share capital.