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REGISTERED NUMBER: 10726993 (England and Wales)















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: L J Rankin





REGISTERED OFFICE: Mount Manor House
16 The Mount
Guildford
Surrey
GU2 4HN





REGISTERED NUMBER: 10726993 (England and Wales)

CHASE DEVELOPMENTS (MUNSTER RD) LTD (REGISTERED NUMBER: 10726993)

BALANCE SHEET
31 DECEMBER 2017

Notes £   
FIXED ASSETS
Investment property 4 2,715,248

CURRENT ASSETS
Debtors 5 16,353
Cash at bank 156,356
172,709
CREDITORS
Amounts falling due within one year 6 (2,889,857 )
NET CURRENT LIABILITIES (2,717,148 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,900

)

CAPITAL AND RESERVES
Called up share capital 7 100
Retained earnings (2,000 )
SHAREHOLDERS' FUNDS (1,900 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2017 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 18 October 2018 and were signed by:





L J Rankin - Director


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 private company, limited by shares , registered in England
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
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.

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 1 .

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 2,715,248
At 31 December 2017 2,715,248
NET BOOK VALUE
At 31 December 2017 2,715,248

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 16,353

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other creditors 2,889,857

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
100 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.