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CHESTER ASSOCIATES LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Chester Associates Limited is a limited liability company incorporated in England and Wales with its principal place of business at The Tea House, 17 Hall Road, London, NW8 9RD and its registered office at 3rd Floor 20-22 Berkeley Square, London, United Kingdom, W1J 6EQ.
The principal activity of the Company is that of a holding company.
The functional and presentational currency of the Company is £ Sterling.
2.Accounting policies
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Basis of preparation of financial statements
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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:
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Exemption from preparing consolidated financial statements
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The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.
The director has reviewed the results and on that basis considers the holding company to have the ability to continue as a going concern.
Investments in subsidiaries are measured at cost less accumulated impairment.
Short term creditors are measured at the transaction price.
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like other debtors and creditors, loans to and from related parties and investments in ordinary shares.
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The Company had no employees during the current and preceding period.
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