Chris Thorpe Associates Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 02710016 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 September 2016

for

Chris Thorpe Associates Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

C J Thorpe

REGISTERED OFFICE:

68 London Road

St Albans

Hertfordshire

AL1 1NG

REGISTERED NUMBER:

02710016 (England and Wales)

ACCOUNTANTS:

Roy Pinnock & Co LLP

Chartered Accountants

Wren House

68 London Road

St Albans

Hertfordshire

AL1 1NG

FIXED ASSETS

Tangible assets

2

1,633,184

1,635,281

CURRENT ASSETS

Debtors

3,997

15,175

Cash at bank

61,739

338,362

65,736

353,537

CREDITORS

Amounts falling due within one year

3

423,257

531,733

NET CURRENT LIABILITIES

(357,521

)

(178,196

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,275,663

1,457,085

PROVISIONS FOR LIABILITIES

1,452

1,830

NET ASSETS

1,274,211

1,455,255

CAPITAL AND RESERVES

Called up share capital

4

2

Revaluation reserve

563,347

Profit and loss account

710,862

891,906

SHAREHOLDERS' FUNDS

1,274,211

1,455,255

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 14 December 2016 and were signed by:

C J Thorpe - 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, 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.

Plant and machinery etc

-

25% on reducing balance

Deferred tax

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

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 October 2015

1,704,313

Additions

631

At 30 September 2016

1,704,944

DEPRECIATION

At 1 October 2015

69,032

Charge for year

2,728

At 30 September 2016

71,760

NET BOOK VALUE

At 30 September 2016

1,633,184

At 30 September 2015

1,635,281

In accordance with Statement of Standard Accounting Practice 19, no depreciation is provided in respect of

investment properties. This is a departure from the requirements of the Companies Act 1985 which requires all

properties to be depreciated. Such properties are not held for consumption but for investment and the directors

consider that to depreciate them would not give a true and fair view.

If the investment properties were sold for the revalued amount, tax of £95,164 would be due.

3.

CREDITORS

Creditors include an amount of £ 359,000 (30.9.15 - £ 359,000 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.16

30.9.15

value:

£

2

Ordinary

£1

2