Abbreviated Company Accounts - CHAPPELL ESTATES LIMITED

CHAPPELL ESTATES LIMITED - Company Information

00819465 CHAPPELL ESTATES LIMITED 2013-10-31 false 2012-11-01 2013-10-31 true 00819465 2012-11-01 2013-10-31 00819465 2013-10-31 00819465 2012-10-31 00819465 uk-gaap-cd-bus:Director1 2012-11-01 2013-10-31 00819465 uk-gaap-cd-bus:Director2 2012-11-01 2013-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-11-01 2013-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-10-31 iso4217:GBP shares

Registered Number 00819465

CHAPPELL ESTATES LIMITED

Abbreviated Accounts

31 October 2013

CHAPPELL ESTATES LIMITED Registered Number 00819465

Abbreviated Balance Sheet as at 31 October 2013

	Notes	2013	2012
		£	£
Fixed assets
Tangible assets	2	6,055,376	6,681,273
Investments	3	53,000	53,000
		6,108,376	6,734,273
Current assets
Debtors		193,334	164,104
Cash at bank and in hand		1,768,676	1,380,379
		1,962,010	1,544,483
Creditors: amounts falling due within one year		(335,197)	(762,811)
Net current assets (liabilities)		1,626,813	781,672
Total assets less current liabilities		7,735,189	7,515,945
Provisions for liabilities		(3,520)	(1,857)
Total net assets (liabilities)		7,731,669	7,514,088
Capital and reserves
Called up share capital	4	103,000	103,000
Revaluation reserve		3,142,455	3,316,328
Profit and loss account		4,486,214	4,094,760
Shareholders' funds		7,731,669	7,514,088

For the year ending 31 October 2013 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 31 July 2014

And signed on their behalf by:
R W CHAPPELL, Director

CHAPPELL ESTATES LIMITED Registered Number 00819465

Notes to the Abbreviated Accounts for the period ended 31 October 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the amount derived from the provision of goods and services falling within the company's activities after deduction of trade discounts and value added tax.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost or revaluation of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Fixtures & Fittings - 15% of written down value
Motor Vehicles - 25% of written down value

An amount equal to the excess of the annual depreciation charge on re-valued assets over the notional historical cost depreciation charge on those assets is transferred annually from the revaluation reserve to the profit and loss reserve.

Other accounting policies
Investment properties

The freehold land and buildings are held as investment properties and in accordance with the Financial Reporting Standard for Smaller Entities are stated in the balance sheet at their open market value.

Group accounts

The company is entitled to the exemption under section 398 of the Companies Act 2006 from the obligation to prepare group accounts.

2Tangible fixed assets

	£
Cost
At 1 November 2012	6,723,294
Additions	406,293
Disposals	(1,028,335)
Revaluations	-
Transfers	-
At 31 October 2013	6,101,252
Depreciation
At 1 November 2012	42,021
Charge for the year	3,855
On disposals	-
At 31 October 2013	45,876
Net book values
At 31 October 2013	6,055,376
At 31 October 2012	6,681,273

The freehold properties were re-valued by the directors at the balance sheet date on an open market basis.

If the freehold properties were sold at their current market value of £6,033,544, tax of £344,377 would be payable. No provision has been made for this as the event is unlikely to occur in the foreseeable future.

Included in assets above are freehold land and buildings with a net book value of £5,799,497 which are used in operating leases.

3Fixed assets Investments
The company owns 100% of the issued share capital of the companies listed below:

2013 2012
£ £
Aggregate capital and reserves
Chappell Estates 2004 Limited
(dormant) 7,000 7,000
Pell Investments (Chigwell) Limited
(dormant) 46,000 46,000

Under the provision of section 398 of the Companies Act 2006 the company is exempt from preparing consolidated accounts and has not done so, therefore the accounts show information about the company as an individual entity.

4Called Up Share Capital
Allotted, called up and fully paid:

	2013 £	2012 £
103,000 Ordinary shares of £1 each	103,000	103,000