Graeme P Chatham (West) Limited - Abbreviated accounts 16.1

DRAFT

REGISTERED NUMBER: SC049733 (Scotland)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2016

for

Graeme P Chatham (West) Limited

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Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

6

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DIRECTORS:

G P Chatham

Mrs E M T Chatham

J G Shedden

REGISTERED OFFICE:

32 Annandale Street

EDINBURGH

Lothian

EH7 4AN

REGISTERED NUMBER:

SC049733 (Scotland)

ACCOUNTANTS:

Stark Main & Co Ltd

Chartered Tax Advisers & Accountants

Old Tweed Mill

Dunsdale Road

Selkirk

Borders

TD7 5DZ

BANKERS:

Bank of Scotland

The Mound

Edinburgh

EH1 1YZ

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FIXED ASSETS

Tangible assets

2

-

Investment property

3

890,000

CURRENT ASSETS

Debtors

42,733

41,931

Cash at bank and in hand

3,379

4,500

46,112

46,431

CREDITORS

Amounts falling due within one year

190,300

191,607

NET CURRENT LIABILITIES

(144,188

)

(145,176

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

745,812

744,824

CAPITAL AND RESERVES

Called up share capital

4

100

Revaluation reserve

115,000

Profit and loss account

630,712

629,724

SHAREHOLDERS' FUNDS

745,812

744,824

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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.

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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 Board of Directors on 4 August 2016 and were signed on its behalf by:

G P Chatham - Director

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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 January

2015).

Tangible fixed assets

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

Motor vehicles

-

25% on cost

Office Equipment

-

33% on cost and 25% on cost

Investment property

Investment property is shown at the most recent valuation September 2014. Any aggregate surplus or deficit

arising from changes in market value is transferred to a revaluation reserve.

Deferred tax

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

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Basis of preparation

The financial statements have been prepared in accordance with applicable accounting standards.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

10,728

DEPRECIATION

At 1 April 2015

and 31 March 2016

10,728

NET BOOK VALUE

At 31 March 2016

-

At 31 March 2015

-

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3.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 April 2015

and 31 March 2016

890,000

NET BOOK VALUE

At 31 March 2016

890,000

At 31 March 2015

890,000

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

100

Ordinary Shares

£1

100

5.	RELATED PARTY DISCLOSURES

The Chatham Discretionary Trust Fund controls the company. The ultimate controlling party is Graeme P

Chatham, a director of the company and a Trustee and Beneficiary of The Chatham Discretionary Trust Fund. At

the year end the company owed The Chatham Discretionary Trust Fund £15,500 (2015 £33,800).

During the year the company gave loan funding to Graeme P Chatham Ltd a company in which GP Chatham and

EMT Chatham were formerly directors. Graeme P Chatham Ltd is now in liquidation. At the year end the

balance owed to the company and claimed in the liquidation was £41,931 (2015 £41,931). The directors

anticipate that this debt remains fully recoverable.

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

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)

have been prepared.

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

financial statements of Graeme P Chatham (West) Limited for the year ended 31 March 2016 which comprise the Profit

and Loss Account, the 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 of Scotland, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.org.uk/accountspreparationguidance.

This report is made solely to the Board of Directors of Graeme P Chatham (West) 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 Graeme P Chatham (West) Limited and state those matters that we have agreed to state to the Board of Directors of Graeme P Chatham (West) Limited, as a body, in this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at http://www.icas.org.uk/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Graeme P Chatham (West) 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 Graeme P Chatham (West) Limited. You consider that Graeme P Chatham (West) 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 Graeme P Chatham (West) 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.

Stark Main & Co Ltd

Chartered Tax Advisers & Accountants

Old Tweed Mill

Dunsdale Road

Selkirk

Borders

TD7 5DZ

4 August 2016