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CHELTER PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2019






CHELTER PROPERTIES LIMITED (REGISTERED NUMBER: 02767933)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CHELTER PROPERTIES LIMITED

COMPANY INFORMATION
for the Year Ended 30 November 2019







DIRECTORS: Mrs R M French
P W Gardener





SECRETARY: D S Gardener





REGISTERED OFFICE: 22 Union Street
Newton Abbot
Devon
TQ12 2JS





REGISTERED NUMBER: 02767933 (England and Wales)





ACCOUNTANTS: Barretts
Chartered Accountants &
Chartered Tax Advisers
22 Union Street
Newton Abbot
Devon
TQ12 2JS

CHELTER PROPERTIES LIMITED (REGISTERED NUMBER: 02767933)

BALANCE SHEET
30 November 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,549 1,822
Investment property 5 761,279 721,279
762,828 723,101

CURRENT ASSETS
Debtors 6 35,800 39,949
Investments 7 778,428 735,299
Cash at bank 138,253 140,107
952,481 915,355
CREDITORS
Amounts falling due within one year 8 22,300 23,414
NET CURRENT ASSETS 930,181 891,941
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,693,009

1,615,042

CAPITAL AND RESERVES
Called up share capital 150,000 150,000
Retained earnings 9 1,543,009 1,465,042
SHAREHOLDERS' FUNDS 1,693,009 1,615,042

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2019 in accordance with Section 476 of the Companies Act 2006.

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.

CHELTER PROPERTIES LIMITED (REGISTERED NUMBER: 02767933)

BALANCE SHEET - continued
30 November 2019


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 28 July 2020 and were
signed on its behalf by:





Mrs R M French - Director


CHELTER PROPERTIES LIMITED (REGISTERED NUMBER: 02767933)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2019

1. STATUTORY INFORMATION

Chelter Properties Limited 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents rents receivable, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in
fair value is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2018
and 30 November 2019 16,276
DEPRECIATION
At 1 December 2018 14,454
Charge for year 273
At 30 November 2019 14,727
NET BOOK VALUE
At 30 November 2019 1,549
At 30 November 2018 1,822

CHELTER PROPERTIES LIMITED (REGISTERED NUMBER: 02767933)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2019

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2018 721,279
Revaluations 40,000
At 30 November 2019 761,279
NET BOOK VALUE
At 30 November 2019 761,279
At 30 November 2018 721,279

Fair value at 30 November 2019 is represented by:

£   
Valuation in 2019 761,279

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Other debtors 35,800 39,949

7. CURRENT ASSET INVESTMENTS
2019 2018
£    £   
Listed investments 778,428 735,299

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade creditors 7,323 2,794
Taxation and social security 11,680 16,437
Other creditors 3,297 4,183
22,300 23,414

9. RESERVES
Retained
earnings
£   

At 1 December 2018 1,465,042
Profit for the year 131,967
Dividends (54,000 )
At 30 November 2019 1,543,009