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CHELTER PROPERTIES LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2016






CHELTER PROPERTIES LIMITED (REGISTERED NUMBER: 02767933)






CONTENTS OF THE ABBREVIATED ACCOUNTS
for the Year Ended 30 November 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

CHELTER PROPERTIES LIMITED

COMPANY INFORMATION
for the Year Ended 30 November 2016







DIRECTOR: D S 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)

ABBREVIATED BALANCE SHEET
30 November 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 2,521 2,966
Investments 3 652,766 -
Investment property 4 560,322 389,043
1,215,609 392,009

CURRENT ASSETS
Debtors 74,535 1,004,592
Cash at bank 163,854 36,740
238,389 1,041,332
CREDITORS
Amounts falling due within one year 18,930 21,800
NET CURRENT ASSETS 219,459 1,019,532
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,435,068

1,411,541

CAPITAL AND RESERVES
Called up share capital 5 150,000 150,000
Profit and loss account 1,285,068 1,261,541
SHAREHOLDERS' FUNDS 1,435,068 1,411,541

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 14 August 2017 and were signed by:




D S Gardener - Director


CHELTER PROPERTIES LIMITED (REGISTERED NUMBER: 02767933)

NOTES TO THE ABBREVIATED ACCOUNTS
for the Year Ended 30 November 2016

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective January 2015).

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
market value is transferred to a revaluation reserve.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 December 2015
and 30 November 2016 16,276
DEPRECIATION
At 1 December 2015 13,310
Charge for year 445
At 30 November 2016 13,755
NET BOOK VALUE
At 30 November 2016 2,521
At 30 November 2015 2,966

CHELTER PROPERTIES LIMITED (REGISTERED NUMBER: 02767933)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
for the Year Ended 30 November 2016

3. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
Additions 673,766
Disposals (21,000 )
At 30 November 2016 652,766
NET BOOK VALUE
At 30 November 2016 652,766

4. INVESTMENT PROPERTY
Total
£   
COST
At 1 December 2015 389,043
Additions 171,279
At 30 November 2016 560,322
NET BOOK VALUE
At 30 November 2016 560,322
At 30 November 2015 389,043

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
150,000 Ordinary £1 150,000 150,000