REGISTERED NUMBER:
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Abbreviated Unaudited Accounts |
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for the Year Ended 23 March 2016 |
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for |
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Chapel Properties Limited |
REGISTERED NUMBER:
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Abbreviated Unaudited Accounts |
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for the Year Ended 23 March 2016 |
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for |
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Chapel Properties Limited |
Chapel Properties Limited (Registered number: 03143568) |
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Contents of the Abbreviated Accounts |
for the Year Ended 23 March 2016 |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 3 |
Chapel Properties Limited |
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Company Information |
for the Year Ended 23 March 2016 |
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DIRECTORS: |
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SECRETARIES: |
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Ms E Tiptaft |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
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Chapel Properties Limited (Registered number: 03143568) |
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Abbreviated Balance Sheet |
23 March 2016 |
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2016 | 2015 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 2 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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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. |
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The financial statements were approved by the Board of Directors on
its behalf by: |
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Chapel Properties Limited (Registered number: 03143568) |
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Notes to the Abbreviated Accounts |
for the Year Ended 23 March 2016 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention, modified to include |
the revaluation of certain fixed assets, and in accordance with applicable accounting standards. |
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Turnover |
Turnover represents rental and other property related income receivable net of VAT. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the balance sheet date. |
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Investment properties |
Investment properties are included in the balance sheet at their open market value. Depreciation is |
provided only on those investment properties which are leasehold and where the unexpired lease term |
is less than 20 years. |
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Although this accounting policy is in accordance with the applicable accounting standard, SSAP 19 for |
investment properties, it is a departure from the general requirement of the Companies Act 2006 for all |
tangible assets to be depreciated. In the opinion of the directors compliance with the standard is |
necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only |
one of many factors reflected in the annual valuation and the amount of this which must otherwise be |
charged cannot be separately identified or quantified. |
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2. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
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Ordinary | £1 |
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3. | ULTIMATE PARENT COMPANY |
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parent company. |
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The immediate holding company is Canadian & Portland Estates Plc. Consolidated accounts are |
produced by the ultimate holding company. |