Chapel Mews Developments Limited - Limited company accounts 16.3

REGISTERED NUMBER: 05001184

Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 December 2016

for

Chapel Mews Developments Limited

Page

Company Information

1

Report of the Directors

2

Abridged Income Statement

3

Abridged Statement of Financial Position

4

Notes to the Financial Statements

6

DIRECTORS:

Mrs J Eagling

Mr A Gibson

Miss J Patrick

Mr S Eagling

REGISTERED OFFICE:

115 Chester Road

Sunderland

Tyne and Wear

SR4 7HG

REGISTERED NUMBER:

05001184

ACCOUNTANTS:

Michael Adamson & Co

Chartered Certified Acc'ts

115 Chester Road

Sunderland

SR4 7HG

The directors present their report with the financial statements of the company for the year ended 31 December 2016.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2016 to

the date of this report.

Mrs J Eagling

Mr A Gibson

Miss J Patrick

Mr S Eagling

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act

2006 relating to small companies.

ON BEHALF OF THE BOARD:

Mr S Eagling - Director

28 September 2017

GROSS PROFIT

4,680

4,550

Administrative expenses

1,644

2,283

OPERATING PROFIT

3,036

2,267

Interest payable and similar
expenses

1,165

1,216

PROFIT BEFORE TAXATION

1,871

1,051

Tax on profit

374

210

PROFIT FOR THE FINANCIAL
YEAR

1,497

841

FIXED ASSETS

Property, plant and equipment

4

64,137

CURRENT ASSETS

Cash at bank

150

164

CREDITORS

Amounts falling due within one year

2,358

3,869

NET CURRENT LIABILITIES

(2,208

)

(3,705

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

61,929

60,432

CREDITORS

Amounts falling due after more than
one year

5

44,000

NET ASSETS

17,929

16,432

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

17,829

16,332

SHAREHOLDERS' FUNDS

17,929

16,432

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31 December 2016 in accordance with Section 444(2A) of the Companies Act 2006.

The financial statements were approved by the Board of Directors on 28 September 2017 and were
signed on its behalf by:

Mr S Eagling - Director

Mrs J Eagling - Director

Mr A Gibson - Director

Miss J Patrick - Director

1.	STATUTORY INFORMATION

Chapel Mews Developments Limited is a private company, limited by shares , registered in

Not specified/Other. The company's registered number and registered office address can be

found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

not provided

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income

Statement, except to the extent that it relates to items recognised in other comprehensive

income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have

been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in

periods different from those in which they are recognised in financial statements. Deferred

tax is measured using tax rates and laws that have been enacted or substantively enacted

by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it

is probable that they will be recovered against the reversal of deferred tax liabilities or other

future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 .

4.	PROPERTY, PLANT AND EQUIPMENT

Totals

£

COST

At 1 January 2016

and 31 December 2016

64,137

NET BOOK VALUE

At 31 December 2016

64,137

At 31 December 2015

64,137

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
FIVE YEARS

31.12.16

31.12.15

£

Repayable by instalments

Bank loans more 5 yr by instal

44,000