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REGISTERED NUMBER: 01335206 (England and Wales)















Financial Statements for the Year Ended 31 January 2017

for

Chargot Estates Limited
Chargot Estates Limited (Registered number: 01335206)

Contents of the Financial Statements
for the Year Ended 31 January 2017










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chargot Estates Limited

Company Information
for the Year Ended 31 January 2017







DIRECTORS: T G Evans
Mrs E A Evans



SECRETARY: Mrs E A Evans



REGISTERED OFFICE: Bettws Hall
Bettws Cedewain
Newtown
Powys
SY16 3DS



REGISTERED NUMBER: 01335206 (England and Wales)



AUDITORS: Morgan Griffiths LLP
Chartered Accountants
Statutory Auditor
Cross Chambers
9 High Street
Newtown
Powys
SY16 2NY



BANKERS: Lloyds Bank Plc
28 Regent Street
Wrexham
LL11 1SE
Chargot Estates Limited (Registered number: 01335206)

Balance Sheet
31 January 2017

31.1.17 31.1.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,993,510 5,701,490

CURRENT ASSETS
Stocks 156,520 2,820
Debtors 5 65,884 87,899
Cash at bank and in hand 62,867 561,211
285,271 651,930
CREDITORS
Amounts falling due within one year 6 694,107 1,086,032
NET CURRENT LIABILITIES (408,836 ) (434,102 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,584,674

5,267,388

CREDITORS
Amounts falling due after more than one
year

7

(13,902

)

-

PROVISIONS FOR LIABILITIES (296,428 ) (331,055 )
NET ASSETS 5,274,344 4,936,333

CAPITAL AND RESERVES
Called up share capital 700,000 700,000
Revaluation reserve 9 3,442,470 3,408,749
Retained earnings 1,131,874 827,584
SHAREHOLDERS' FUNDS 5,274,344 4,936,333

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 24 October 2017 and were signed on its
behalf by:





Mrs E A Evans - Director

Chargot Estates Limited (Registered number: 01335206)

Notes to the Financial Statements
for the Year Ended 31 January 2017


1. STATUTORY INFORMATION

Chargot Estates 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102
'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related
party transactions with wholly owned subsidiaries within the group.


Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,
rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

The company follows a programme of regular refurbishment and maintenance of its properties, in
order to maintain them to a high standard. Accordingly, in the opinion of the directors, any element of
depreciation would be immaterial and no provision has been made with the exception of those items
classed as property improvements.

On transition to FRS102 the company took the option to use the previous GAAP revaluation from 2008
as deemed cost of the freehold land and buildings in question.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,
except to the extent that it relates to items recognised in other comprehensive income or directly in
equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been
enacted or substantively enacted by the balance sheet date.

Chargot Estates Limited (Registered number: 01335206)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2017


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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods
different from those in which they are recognised in financial statements. Deferred tax is measured
using tax rates and laws that have been enacted or substantively enacted by the year end and that are
expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable
that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.
Those held under hire purchase contracts are depreciated over their estimated useful lives. Those
held under finance leases are depreciated over their estimated useful lives or the lease term,
whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The
capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the
period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2016 - 10 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2016 5,717,052 313,881 6,030,933
Additions 274,220 55,250 329,470
Reclassification/transfer - (2,155 ) (2,155 )
At 31 January 2017 5,991,272 366,976 6,358,248
DEPRECIATION
At 1 February 2016 51,200 278,243 329,443
Charge for year 21,991 15,459 37,450
Reclassification/transfer - (2,155 ) (2,155 )
At 31 January 2017 73,191 291,547 364,738
NET BOOK VALUE
At 31 January 2017 5,918,081 75,429 5,993,510
At 31 January 2016 5,665,852 35,638 5,701,490
Chargot Estates Limited (Registered number: 01335206)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2017


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
Additions 48,500
At 31 January 2017 48,500
DEPRECIATION
Charge for year 9,094
At 31 January 2017 9,094
NET BOOK VALUE
At 31 January 2017 39,406

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.17 31.1.16
£    £   
Trade debtors 19,516 47,899
Other debtors 46,368 40,000
65,884 87,899

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.17 31.1.16
£    £   
Hire purchase contracts 12,833 -
Trade creditors 7,368 12,249
Amounts owed to group undertakings 563,009 1,011,873
Taxation and social security 91,426 38,683
Other creditors 19,471 23,227
694,107 1,086,032

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.17 31.1.16
£    £   
Hire purchase contracts 13,902 -
Chargot Estates Limited (Registered number: 01335206)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2017


8. SECURED DEBTS

The bank loan and overdraft facility of the company are secured as follows:-

A 1st legal charge over commercial freehold farm known as Langham Farm, Luxborough,
Watchet,TA23 0SL dated 09/12/2014.

An unlimited debenture dated 09/12/2014 incorporating a fixed and floating charge.

A cross guarantee between G & A Leisure Ltd and Chargot Estates Ltd.

9. RESERVES
Revaluation
reserve
£   
At 1 February 2016 3,408,749
Deferred tax on revaluation 33,721

At 31 January 2017 3,442,470

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Thomas Landers BA FCA (Senior Statutory Auditor)
for and on behalf of Morgan Griffiths LLP

11. ULTIMATE CONTROLLING PARTY

The company's parent undertaking at the balance sheet date is G and A Leisure Limited, which owns
100% of the called up ordinary share capital and preference shares. The parent company produces
consolidated accounts and the registered office is Bettws Hall, Bettws Cedewain, Newtown, Powys,
SY16 3DS.

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