CHR Estates Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 00281565 (England and Wales)

CHR Estates Limited

Abbreviated Accounts

for the Year Ended 28 June 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr N Smillie

REGISTERED OFFICE:

33 George Street

Wakefield

West Yorkshire

WF1 1LX

REGISTERED NUMBER:

00281565 (England and Wales)

ACCOUNTANTS:

Jolliffe Cork LLP

Chartered Accountants

33 George Street

Wakefield

West Yorkshire

WF1 1LX

FIXED ASSETS

Investment property

2

2,076,491

1,757,491

CURRENT ASSETS

Debtors

319,577

21,176

Cash at bank and in hand

49,590

37,572

369,167

58,748

CREDITORS

Amounts falling due within one year

3

1,560,708

1,291,889

NET CURRENT LIABILITIES

(1,191,541

)

(1,233,141

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

884,950

524,350

CAPITAL AND RESERVES

Called up share capital

4

700

Revaluation reserve

674,520

355,520

Profit and loss account

209,730

168,130

SHAREHOLDERS' FUNDS

884,950

524,350

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 June 2016 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 27 March 2017 and were signed by:

Mr N Smillie - 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 January

2015).

Turnover

Turnover represents net invoiced sales of goods and rental income received in respect of investment properties,

excluding value added tax.

Investment property

Investment property is shown at most recent valuation. 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.

Operating lease agreements

Rentals applicable to operating leases where substantially all the benefits and risks of ownership remain with the

lessor are charged against profits on a straight line basis over the period of the lease.

2.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 29 June 2015

1,757,491

Revaluations

319,000

At 28 June 2016

2,076,491

NET BOOK VALUE

At 28 June 2016

2,076,491

At 28 June 2015

1,757,491

3.

CREDITORS

Creditors include an amount of £ 300,000 (2015 - £ 300,000 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

700

Ordinary

£1

700

5.	ULTIMATE PARENT COMPANY

CHR Investments Limited is regarded by the director as being the company's ultimate parent company.