Accounts filed on 31-12-2015
Accounts filed on 31-12-2015
truePLJ Chelsea Limited089151642015-12-31-11993-917233123073315128302773027732940233294023331230733151282430946124188243276217682750337127621768275033717228689245344457999086607284782897733601353907252546947928090856732767195Basis of accounting
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
All costs directly attributable to the development of a real estate asset, including loan interest, have been capitalised and included in stock.
In respect of real estate purchase transactions, the property is recognised as stock on completion of contracts for purchase.
In respect of real estate sale transactions, revenue is recognised in the profit and loss on completion of contracts for sale. Any deposit received on exchange of contracts is recognised in creditors until completion of sale.
Financial Instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating profit.
2430946124188243Ordinary302771302770Ordinary13027730277The ordinary A and B shares were redesignated into a single class of ordinary shares during the year.
Interest totalling £11,329,963 (2014 - £3,546,259) relating to the purchase and development of the freehold property has been capitalised and included in stock. 2016-09-19Mr A C WilliamsMr D P BermanDirectorMr J ElkingtonDirectortruetruetruetruexbrli:sharesiso4217:GBPxbrli:purePLJ Chelsea Limited2015-01-012015-12-31PLJ Chelsea Limited2014-02-272014-12-31PLJ Chelsea Limited2014-02-26PLJ Chelsea Limited2014-12-31PLJ Chelsea Limited2014-12-31PLJ Chelsea Limited2015-12-31 2016-09-30
