Registered number
04249493
18 Chesham Place Ltd
Report and Accounts
31 July 2022
18 Chesham Place Ltd
Company Information
Directors
C McCarthy (Chairperson)
S Marlow
G Evans
R Turner-Smith
Secretary
S C Vincent FCCA ATT (Fellow). Albion Accounting and Taxation Services Ltd
Accountants
Albion Accounting and Taxation Services Ltd
35 Roman Avenue
Angmering
Littlehampton
West Sussex
BN16 4GH
Managing Agents
Priors
61 Lansdowne Place
Hove
East Sussex
BN3 1FL
Registered office
35 Roman Avenue
Angmering
Littlehampton
West Sussex
BN16 4GH
Registered number
04249493
18 Chesham Place Ltd
Registered number: 04249493
Directors' Report
The directors present their report and accounts for the year ended 31 July 2022.
Principal activities
The company's principal activity during the year continued to be that of the administration and maintenance of the freehold of 18 Chesham Place, Brighton, East Sussex on a non profit making basis.
Directors
The following persons served as directors during the year:
C McCarthy (Chairperson)
S Marlow
G Evans
R Turner-Smith
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 7 September 2022 and signed on its behalf.
C McCarthy
Director
18 Chesham Place Ltd
Accountants' Report
Accountants' report to the directors of
18 Chesham Place Ltd
You consider that the company is exempt from an audit for the year ended 31 July 2022. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Albion Accounting and Taxation Services Ltd
Chartered Certified Accountants
35 Roman Avenue
Angmering
Littlehampton
West Sussex
BN16 4GH
7 September 2022
18 Chesham Place Ltd
Profit and Loss Account
for the year ended 31 July 2022
2022 2021
£ £
Income 11,706 11,643
Administrative expenses (7,338) (5,892)
Operating profit 4,368 5,751
Profit on ordinary activities before taxation 4,368 5,751
Tax on profit on ordinary activities - -
Profit for the financial year 4,368 5,751
18 Chesham Place Ltd
Registered number: 04249493
Balance Sheet
as at 31 July 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 4,940 4,940
Current assets
Debtors 4 563 511
Cash at bank and in hand 20,244 14,700
20,807 15,211
Creditors: amounts falling due within one year 5 (7,206) (5,978)
Net current assets 13,601 9,233
Total assets less current liabilities 18,541 14,173
Creditors: amounts falling due after more than one year 6 (4,935) (4,935)
Net assets 13,606 9,238
Capital and reserves
Called up share capital 5 5
Profit and loss account 13,601 9,233
Shareholders' funds 13,606 9,238
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
C McCarthy
Director
Approved by the board on 7 September 2022
18 Chesham Place Ltd
Notes to the Accounts
for the year ended 31 July 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Income
Income represents the maintenance contributions and reserve collections due from leaseholders of the flats at 18 Chesham Place, Brighton, East Sussex.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Freehold land is not depreciated. The building is maintained in its existing condition by the company using the maintenance contributions received from the residents.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 4 5
3 Tangible fixed assets
Freehold property
£
Cost
At 1 August 2021 4,940
At 31 July 2022 4,940
Depreciation
At 31 July 2022 -
Net book value
At 31 July 2022 4,940
At 31 July 2021 4,940
4 Debtors 2022 2021
£ £
Other debtors 563 511
5 Creditors: amounts falling due within one year 2022 2021
£ £
Monies held on behalf of tenants 6,332 5,105
Other creditors 874 873
7,206 5,978
6 Creditors: amounts falling due after one year 2022 2021
£ £
Shareholders contributions to freehold purchase 4,935 4,935
7 Other information
18 Chesham Place Ltd is a private company limited by shares and incorporated in England. Its registered office is:
35 Roman Avenue
Angmering
Littlehampton
West Sussex
BN16 4GH
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