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CHELTER PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2017






CHELTER PROPERTIES LIMITED (REGISTERED NUMBER: 02767933)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CHELTER PROPERTIES LIMITED

COMPANY INFORMATION
for the Year Ended 30 November 2017







DIRECTORS: D S Gardener
Mrs R M French
P W Gardener





SECRETARY: Mrs R M French





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 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,143 2,521
Investment property 5 646,279 622,529
648,422 625,050

CURRENT ASSETS
Debtors 6 38,357 74,535
Investments 7 757,655 680,075
Cash at bank 152,271 163,854
948,283 918,464
CREDITORS
Amounts falling due within one year 8 46,400 18,931
NET CURRENT ASSETS 901,883 899,533
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,550,305

1,524,583

CAPITAL AND RESERVES
Called up share capital 150,000 150,000
Retained earnings 9 1,400,305 1,374,583
SHAREHOLDERS' FUNDS 1,550,305 1,524,583

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2017 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 21 August 2018 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 2017

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 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 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 (2016 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2016
and 30 November 2017 16,276
DEPRECIATION
At 1 December 2016 13,755
Charge for year 378
At 30 November 2017 14,133
NET BOOK VALUE
At 30 November 2017 2,143
At 30 November 2016 2,521

CHELTER PROPERTIES LIMITED (REGISTERED NUMBER: 02767933)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2017

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2016 622,529
Revaluations 23,750
At 30 November 2017 646,279
NET BOOK VALUE
At 30 November 2017 646,279
At 30 November 2016 622,529

Fair value at 30 November 2017 is represented by:

£   
Valuation in 2016 62,207
Valuation in 2017 23,750
Cost 560,322
646,279

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Other debtors 38,357 74,535

7. CURRENT ASSET INVESTMENTS
2017 2016
£    £   
Listed investments 757,655 680,075

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade creditors 1,313 1,463
Taxation and social security 19,323 15,418
Other creditors 25,764 2,050
46,400 18,931

9. RESERVES
Retained
earnings
£   

At 1 December 2016 1,374,583
Profit for the year 120,722
Dividends (95,000 )
At 30 November 2017 1,400,305