Registered Number 00819465
CHAPPELL ESTATES LIMITED
Abbreviated Accounts
31 October 2013
Notes | 2013 | 2012 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Investments | 3 |
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Current assets | |||
Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
( |
( |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Provisions for liabilities |
( |
( |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 4 |
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Revaluation reserve |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
And signed on their behalf by:
1Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
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
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.
£ | |
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Cost | |
At 1 November 2012 |
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Additions |
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Disposals |
( |
Revaluations |
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Transfers |
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At 31 October 2013 |
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Depreciation | |
At 1 November 2012 |
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Charge for the year |
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On disposals |
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At 31 October 2013 |
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Net book values | |
At 31 October 2013 | 6,055,376 |
At 31 October 2012 | 6,681,273 |
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
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.