Chance Investments Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 09051808 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31ST MAY 2016

FOR

CHANCE INVESTMENTS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr P Bland

Mr G Bland

SECRETARY:

REGISTERED OFFICE:

Catterick House

Morton Road

Yarm Road Business Park

Darlington

Co. Durham

DL1 4PT

REGISTERED NUMBER:

09051808 (England and Wales)

ACCOUNTANTS:

White Rose Partnership LLP

Holly Barn

Carlton Miniott

Thirsk

North Yorkshire

YO7 4NJ

FIXED ASSETS

Tangible assets

2

1,369,029

220,000

CURRENT ASSETS

Debtors

519

181

Cash at bank and in hand

143,250

59,503

143,769

59,684

CREDITORS

Amounts falling due within one year

10,704

-

NET CURRENT ASSETS

133,065

59,684

TOTAL ASSETS LESS CURRENT LIABILITIES

1,502,094

279,684

CREDITORS

Amounts falling due after more than one year

1,459,750

285,000

NET ASSETS/(LIABILITIES)

42,344

(5,316

)

CAPITAL AND RESERVES

Called up share capital

3

502

502

Profit and loss account

41,842

(5,818

)

SHAREHOLDERS' FUNDS

42,344

(5,316

)

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

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

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 14th February 2017 and were signed on its behalf by:

Mr P Bland - Director

Mr G Bland - Director

1.	ACCOUNTING POLICIES

Accounting convention

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).

Turnover

Income 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.

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st June 2015

220,000

Additions

1,149,029

At 31st May 2016

1,369,029

NET BOOK VALUE

At 31st May 2016

1,369,029

At 31st May 2015

220,000

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

502

Ordinary

1

502

502