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CHELTER PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2018






CHELTER PROPERTIES LIMITED (REGISTERED NUMBER: 02767933)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CHELTER PROPERTIES LIMITED

COMPANY INFORMATION
for the Year Ended 30 November 2018







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 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,822 2,143
Investment property 5 721,279 646,279
723,101 648,422

CURRENT ASSETS
Debtors 6 39,949 38,357
Investments 7 735,299 757,655
Cash at bank 140,107 152,271
915,355 948,283
CREDITORS
Amounts falling due within one year 8 23,414 46,400
NET CURRENT ASSETS 891,941 901,883
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,615,042

1,550,305

CAPITAL AND RESERVES
Called up share capital 150,000 150,000
Retained earnings 9 1,465,042 1,400,305
SHAREHOLDERS' FUNDS 1,615,042 1,550,305

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2018 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.

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 Board of Directors on 10 June 2019 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 2018

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 1 (2017 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2017
and 30 November 2018 16,276
DEPRECIATION
At 1 December 2017 14,133
Charge for year 321
At 30 November 2018 14,454
NET BOOK VALUE
At 30 November 2018 1,822
At 30 November 2017 2,143

CHELTER PROPERTIES LIMITED (REGISTERED NUMBER: 02767933)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2018

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2017 646,279
Revaluations 75,000
At 30 November 2018 721,279
NET BOOK VALUE
At 30 November 2018 721,279
At 30 November 2017 646,279

Fair value at 30 November 2018 is represented by:

£   
Valuation in 2018 160,957
Cost 560,322
721,279

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Other debtors 39,949 38,357

7. CURRENT ASSET INVESTMENTS
2018 2017
£    £   
Listed investments 735,299 757,655

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors 2,794 1,313
Taxation and social security 16,437 19,323
Other creditors 4,183 25,764
23,414 46,400

9. RESERVES
Retained
earnings
£   

At 1 December 2017 1,400,305
Profit for the year 82,737
Dividends (18,000 )
At 30 November 2018 1,465,042