REGISTERED NUMBER: |
CHASE DEVELOPMENTS (MUNSTER RD) LTD |
UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 18 APRIL 2017 TO 31 DECEMBER 2017 |
REGISTERED NUMBER: |
CHASE DEVELOPMENTS (MUNSTER RD) LTD |
UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 18 APRIL 2017 TO 31 DECEMBER 2017 |
CHASE DEVELOPMENTS (MUNSTER RD) LTD (REGISTERED NUMBER: 10726993) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 18 APRIL 2017 TO 31 DECEMBER 2017 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
CHASE DEVELOPMENTS (MUNSTER RD) LTD |
COMPANY INFORMATION |
FOR THE PERIOD 18 APRIL 2017 TO 31 DECEMBER 2017 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
CHASE DEVELOPMENTS (MUNSTER RD) LTD (REGISTERED NUMBER: 10726993) |
BALANCE SHEET |
31 DECEMBER 2017 |
Notes | £ |
FIXED ASSETS |
Investment property | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Retained earnings | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director on |
CHASE DEVELOPMENTS (MUNSTER RD) LTD (REGISTERED NUMBER: 10726993) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 18 APRIL 2017 TO 31 DECEMBER 2017 |
1. | STATUTORY INFORMATION |
Chase Developments (Munster Rd) Ltd is a |
and Wales. 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 |
The financial statements are presented in sterling which is the functional currency of the company and |
rounded to the nearest £. |
GOING CONCERN |
At 31 December 2017 the company has net liabilities of £1,900. After reviewing the company's |
forecasts and projections and taking into account the economic conditions and possible changes in |
trading performance, the director has a reasonable expectation that the company has adequate |
resources to continue in operational existence for the foreseeable future. The company therefore |
continues to adopt the going concern basis in preparing its financial statements. |
Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 |
'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related |
party transactions with wholly owned subsidiaries within the group. |
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from |
changes in fair value is recognised in the income statement. |
Taxation |
Current tax is recognised for the amount of income tax payable in respect of the taxable profit for the |
current or past reporting periods using tax rates that have been enacted or substantively enacted by |
the reporting date. |
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax |
losses and other deferred tax assets are recognised only to the extent that it is probable that they will |
be recovered against future taxable profits or against the reversal of deferred tax liabilities. |
Deferred tax is calculated using tax rates that have been enacted or substantively enacted by the |
reporting date that are expected to apply to the reversal of the timing difference. |
Cash and cash equivalents |
Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term |
deposits with an original maturity date of three months or less. |
Other creditors |
Other creditors are measured at their transaction price unless the arrangement constitutes a financing |
transaction in which case the transaction is measured at present value of future payments discounted |
at prevailing market rate of interest. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
CHASE DEVELOPMENTS (MUNSTER RD) LTD (REGISTERED NUMBER: 10726993) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 18 APRIL 2017 TO 31 DECEMBER 2017 |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
Additions |
At 31 December 2017 |
NET BOOK VALUE |
At 31 December 2017 |
The investment property is currently in the course of construction and the director believes that the |
cost is a fair reflection of its fair value as at 31 December 2017. |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other creditors |
7. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
ordinary | £1 | 100 |
100 ordinary £1 shares were issued at par on incorporation. |
8. | RELATED PARTY DISCLOSURES |
Included in other creditors is a loan from a shareholder in the parent company of £2,852,303. This |
loan is unsecured, incurs no interest and has no fixed repayment terms. |
9. | ULTIMATE PARENT COMPANY |
The ultimate parent company is Chase Investment Group Limited. |