Graeme P Chatham (West) Limited - Accounts to registrar (filleted) - small 18.2
Graeme P Chatham (West) Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 March 2018 |
for |
Graeme P Chatham (West) Limited |
Graeme P Chatham (West) Limited (Registered number: SC049733) |
Contents of the Financial Statements |
for the Year Ended 31 March 2018 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
Graeme P Chatham (West) Limited |
Company Information |
for the Year Ended 31 March 2018 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Old Tweed Mill |
Dunsdale Road |
Selkirk |
Selkirkshire |
TD7 5DZ |
Graeme P Chatham (West) Limited (Registered number: SC049733) |
Statement of Financial Position |
31 March 2018 |
31/3/18 | 31/3/17 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Property, plant and equipment | 3 |
Investment property | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Fair value reserve | 7 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
Graeme P Chatham (West) Limited (Registered number: SC049733) |
Statement of Financial Position - continued |
31 March 2018 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors on by: |
Graeme P Chatham (West) Limited (Registered number: SC049733) |
Notes to the Financial Statements |
for the Year Ended 31 March 2018 |
1. | STATUTORY INFORMATION |
Graeme P Chatham (West) Limited is a |
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 |
Tangible fixed assets |
Motor vehicles | - |
Office Equipment | - |
Investment property |
Investment property is included at fair value. Gains are recognised in the income statement. Deferred taxation is |
provided on these gains at the rate expected to apply when the property is sold. |
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. |
Pension costs and other post-retirement benefits |
The company contributes to a private pension scheme on behalf of one director. Contributions payable for the |
year are charged in the profit and loss account. |
Basis of preparation |
The financial statements have been prepared in accordance with applicable accounting standards. |
Graeme P Chatham (West) Limited (Registered number: SC049733) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2018 |
3. | PROPERTY, PLANT AND EQUIPMENT |
Motor | Office |
vehicles | Equipment | Totals |
£ | £ | £ |
COST |
At 1 April 2017 |
Disposals | ( |
) | ( |
) | ( |
) |
At 31 March 2018 |
DEPRECIATION |
At 1 April 2017 |
Eliminated on disposal | ( |
) | ( |
) | ( |
) |
At 31 March 2018 |
NET BOOK VALUE |
At 31 March 2018 |
At 31 March 2017 |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 April 2017 |
Disposals | ( |
) |
At 31 March 2018 |
NET BOOK VALUE |
At 31 March 2018 |
At 31 March 2017 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/3/18 | 31/3/17 |
£ | £ |
Monies held in Shepherd & |
Wedderburn client account |
Loan to Croft an Rie 2013 Ltd (formerly called "Graeme P Chatham Ltd") |
471 |
41,931 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/3/18 | 31/3/17 |
£ | £ |
Trade creditors |
Other creditors |
Deferred income |
Graeme P Chatham (West) Limited (Registered number: SC049733) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2018 |
7. | RESERVES |
Fair |
value |
reserve |
£ |
At 1 April 2017 |
Transfer during year | (115,000 | ) |
At 31 March 2018 |
8. | RELATED PARTY DISCLOSURES |
The Chatham Discretionary Trust controls the company. The ultimate controlling party is Graeme P Chatham, a |
director of the company and a Trustee and Beneficiary of The Chatham Discretionary Trust. At the year end the |
company owed The Chatham Discretionary Trust £nil (2017 £30,000). |
During the year the company continued loan funding to Croft an Rie 2013 Ltd (formerly called "Graeme P |
Chatham Ltd") a company in which GP Chatham and EMT Chatham were formerly directors. Croft an Rie 2013 |
Ltd is now in liquidation. At the year end the balance owed to the company and claimed in the liquidation was |
£471 (2017 £41,931). £41,460 of this loan has been written off the profit and loss account. The directors |
anticipate that the remaining debt remains fully recoverable. |