CHARNOCK_INVESTMENTS_LIMI - Accounts

CHARNOCK INVESTMENTS LIMITED - Company Information

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Company Registration No. 03512094 (England and Wales)

CHARNOCK INVESTMENTS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2016

CHARNOCK INVESTMENTS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

CHARNOCK INVESTMENTS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 JULY 2016

- 1 -

2016

2015

Notes

Fixed assets

Intangible assets

19,110

25,480

Investments

1,750,000

1,769,110

1,775,480

Current assets

Debtors

1,164

Cash at bank and in hand

771,203

697,896

772,367

697,896

Creditors: amounts falling due within one year

(4,968)

(3,948)

Net current assets

767,399

693,948

Total assets less current liabilities

2,536,509

2,469,428

Creditors: amounts falling due after more than one year

(1,650,000)

886,509

819,428

Capital and reserves

Called up share capital

100

Profit and loss account

886,409

819,328

Shareholders' funds

886,509

819,428

For the financial year ended 31 July 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 26 March 2017

H H Collinson

Director

Company Registration No. 03512094

CHARNOCK INVESTMENTS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receive d from investments.d from investments.

1.4

Patents

Patents are valued at cost less accumulated amortisation. Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful lives.

1.5

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

Fixed assets

Intangible assets

Investments

Total

Cost

At 1 August 2015 & at 31 July 2016

31,850

1,750,000

1,781,850

Depreciation

At 1 August 2015

6,370

Charge for the year

6,370

At 31 July 2016

12,740

Net book value

At 31 July 2016

19,110

1,750,000

1,769,110

At 31 July 2015

25,480

1,750,000

1,775,480

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100

CHARNOCK INVESTMENTS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2016

- 3 -

Control

The ultimate controlling party is H H Collinson, director and sole shareholder.