Charlton Manor Estates Limited - Abbreviated accounts 16.1

Charlton Manor Estates Limited - Abbreviated accounts 16.1

CHARLTON MANOR ESTATES LIMITED - Company Information

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REGISTERED NUMBER: 02030354 (England and Wales)


















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

CHARLTON MANOR ESTATES LIMITED

CHARLTON MANOR ESTATES LIMITED (REGISTERED NUMBER: 02030354)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

CHARLTON MANOR ESTATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2015







DIRECTORS: S Kilham
B Parker





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
Page 1
CHARLTON MANOR ESTATES LIMITED (REGISTERED NUMBER: 02030354)

ABBREVIATED BALANCE SHEET
31 DECEMBER 2015

31/12/15 31/12/14
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 979,694 975,437
Investments 3 52,010 16,010
1,031,704 991,447

CURRENT ASSETS
Debtors 717,141 207,809
Cash at bank and in hand 108,437 527,290
825,578 735,099
CREDITORS
Amounts falling due within one year 99,291 93,882
NET CURRENT ASSETS 726,287 641,217
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,757,991
1,632,664

PROVISIONS FOR LIABILITIES 939 87
NET ASSETS 1,757,052 1,632,577

CAPITAL AND RESERVES
Called up share capital 4 200 200
Share premium 254,232 254,232
Revaluation reserve 467,156 467,156
Profit and loss account 1,035,464 910,989
SHAREHOLDERS' FUNDS 1,757,052 1,632,577

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 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 notes form part of these abbreviated accounts

Page 2 continued...
CHARLTON MANOR ESTATES LIMITED (REGISTERED NUMBER: 02030354)

ABBREVIATED BALANCE SHEET - continued
31 DECEMBER 2015


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 29 September 2016 and were signed on its behalf
by:





S Kilham - Director


The notes form part of these abbreviated accounts

Page 3
CHARLTON MANOR ESTATES LIMITED (REGISTERED NUMBER: 02030354)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015

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).

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 goods, 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.

Page 4 continued...
CHARLTON MANOR ESTATES LIMITED (REGISTERED NUMBER: 02030354)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2015

2. TANGIBLE FIXED ASSETS
Total
£   
COST OR VALUATION
At 1 January 2015 993,387
Additions 5,827
At 31 December 2015 999,214
DEPRECIATION
At 1 January 2015 17,950
Charge for year 1,570
At 31 December 2015 19,520
NET BOOK VALUE
At 31 December 2015 979,694
At 31 December 2014 975,437

The company's freehold property, on which no depreciation is provided,is included at a valuation of £975,000 as
at 31 December 2015. 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. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
At 1 January 2015 16,010
Additions 36,000
At 31 December 2015 52,010
NET BOOK VALUE
At 31 December 2015 52,010
At 31 December 2014 16,010

Page 5 continued...
CHARLTON MANOR ESTATES LIMITED (REGISTERED NUMBER: 02030354)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2015

3. FIXED ASSET INVESTMENTS - continued

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Charlton Manor Developments Limited
Nature of business: Property Development Company
%
Class of shares: holding
Ordinary 100.00
31/12/15 31/12/14
£    £   
Aggregate capital and reserves 10 10
Loss for the year (5,879 ) (41,011 )

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/12/15 31/12/14
value: £    £   
200 Ordinary £1 200 200

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2015 and
31 December 2014:

31/12/15 31/12/14
£    £   
S Kilham
Balance outstanding at start of year - -
Amounts advanced 267,851 -
Amounts repaid (80,000 ) -
Balance outstanding at end of year 187,851 -

This balance was repaid to the company after the year end. Interest on this loan was charged by the company at
3%. This interest rate was considerably greater than the company's deposit account interest rate.

6. CONTROLLING PARTY

The Director S Kilham controls the company.

Page 6