Caseware UK (AP4) 2021.0.152 2021.0.152 2022-03-312022-03-312020-11-305The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falsePrincipal activity is that of management companytruetrue 13051740 2020-11-29 13051740 2020-11-30 2022-03-31 13051740 2019-11-30 2020-11-29 13051740 2022-03-31 13051740 c:Director2 2020-11-30 2022-03-31 13051740 d:ComputerEquipment 2020-11-30 2022-03-31 13051740 d:ComputerEquipment 2022-03-31 13051740 d:ComputerEquipment d:OwnedOrFreeholdAssets 2020-11-30 2022-03-31 13051740 d:CurrentFinancialInstruments 2022-03-31 13051740 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 13051740 d:ShareCapital 2022-03-31 13051740 d:RetainedEarningsAccumulatedLosses 2022-03-31 13051740 c:FRS102 2020-11-30 2022-03-31 13051740 c:AuditExempt-NoAccountantsReport 2020-11-30 2022-03-31 13051740 c:FullAccounts 2020-11-30 2022-03-31 13051740 c:PrivateLimitedCompanyLtd 2020-11-30 2022-03-31 iso4217:GBP xbrli:pure

Registered number: 13051740










CHANDOS PROPERTY MANAGEMENT LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2022

 
CHANDOS PROPERTY MANAGEMENT LIMITED
REGISTERED NUMBER: 13051740

BALANCE SHEET
AS AT 31 MARCH 2022

2022
Note
£

Fixed assets
  

Tangible assets
 4 
4,497

Current assets
  

Work in progress
  
25,000

Debtors: amounts falling due within one year
 5 
14,195

Cash at bank and in hand
 6 
211,733

  
250,928

Creditors: amounts falling due within one year
 7 
(174,345)

Net current assets
  
 
 
76,583

Total assets less current liabilities
  
81,080

  

Net assets
  
81,080


Capital and reserves
  

Called up share capital 
  
100

Profit and loss account
  
80,980

  
81,080


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
 
Page 1

 
CHANDOS PROPERTY MANAGEMENT LIMITED
REGISTERED NUMBER: 13051740
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2022

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 26 August 2022




A Greenbaum
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
CHANDOS PROPERTY MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2022

1.


General information

Chandos Property Management Limited is a private company limited by share capital, incorporated in England and Wales, registration number 13051740. The address of the registered office is 6 Maiden Lane, Covent Garden, London, WC2E 7NW.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
CHANDOS PROPERTY MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2022

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
6 years straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Stocks and work in progress

Stocks and work in progress are stated at the lower of cost and net realisable value. 

At each balance sheet date, stocks and work in progress are assessed for impairment. If impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
CHANDOS PROPERTY MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2022

2.Accounting policies (continued)

 
2.9

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.10

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


3.


Employees

The average monthly number of employees, including directors, during the period was 5.


4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


Additions
5,032



At 31 March 2022

5,032



Depreciation


Charge for the period on owned assets
535



At 31 March 2022

535



Net book value



At 31 March 2022
4,497

Page 5

 
CHANDOS PROPERTY MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2022

5.


Debtors

2022
£


Other debtors
9,700

Prepayments and accrued income
4,495

14,195



6.


Cash and cash equivalents

2022
£

Cash at bank and in hand
211,733



7.


Creditors: Amounts falling due within one year

2022
£

Trade creditors
1,282

Corporation tax
18,535

Other taxation and social security
29,156

Other creditors
31,580

Accruals and deferred income
93,792

174,345


 
Page 6