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REGISTERED NUMBER: 02118345 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2022

for

Chesterton House Financial Planning Ltd

Chesterton House Financial Planning Ltd (Registered number: 02118345)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Chesterton House Financial Planning Ltd

Company Information
for the Year Ended 31 December 2022







DIRECTORS: Mr A K Jervis
Mr R H P Urwin





SECRETARY: Mrs S J Jervis





REGISTERED OFFICE: 2-3 Rectory Place
Loughborough
Leicestershire
LE11 1UW





REGISTERED NUMBER: 02118345 (England and Wales)





ACCOUNTANTS: Chesterton House Accounting Services LLP
2-3 Rectory Place
Loughborough
Leicestershire
LE11 1UW

Chesterton House Financial Planning Ltd (Registered number: 02118345)

Balance Sheet
31 December 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 82,330 76,270
Investments 5 109,664 -
191,994 76,270

CURRENT ASSETS
Debtors 6 569,711 925,859
Cash at bank and in hand 419,587 587,906
989,298 1,513,765
CREDITORS
Amounts falling due within one year 7 232,264 309,682
NET CURRENT ASSETS 757,034 1,204,083
TOTAL ASSETS LESS CURRENT
LIABILITIES

949,028

1,280,353

PROVISIONS FOR LIABILITIES 15,642 14,308
NET ASSETS 933,386 1,266,045

CAPITAL AND RESERVES
Called up share capital 1,533 1,533
Share premium 28,638 28,638
Retained earnings 903,215 1,235,874
933,386 1,266,045

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

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.

Chesterton House Financial Planning Ltd (Registered number: 02118345)

Balance Sheet - continued
31 December 2022


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

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 and authorised for issue on 29 September 2023 and were signed on its behalf by:





Mr R H P Urwin - Director


Chesterton House Financial Planning Ltd (Registered number: 02118345)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

Chesterton House Financial Planning Ltd 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Equipment 20% Reducing Balance
Fixtures & Fittings 20% Reducing Balance

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.

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.

Chesterton House Financial Planning Ltd (Registered number: 02118345)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 47 (2021 - 47 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2022 174,205
Additions 23,268
Disposals (6,318 )
At 31 December 2022 191,155
DEPRECIATION
At 1 January 2022 97,935
Charge for year 17,208
Eliminated on disposal (6,318 )
At 31 December 2022 108,825
NET BOOK VALUE
At 31 December 2022 82,330
At 31 December 2021 76,270

5. FIXED ASSET INVESTMENTS
Other
investment
£   
COST
Additions 208,000
Share of profit/(loss) (171,123 )
Reversal of impairments 72,787
At 31 December 2022 109,664
NET BOOK VALUE
At 31 December 2022 109,664

Chesterton House Financial Planning Ltd (Registered number: 02118345)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

6. DEBTORS
31.12.22 31.12.21
£    £   
Amounts falling due within one year:
Trade debtors 9,340 7,787
Other debtors 560,371 676,858
569,711 684,645

Amounts falling due after more than one year:
Other debtors - 241,214

Aggregate amounts 569,711 925,859

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade creditors 11,570 25,778
Taxation and social security 24,904 120,158
Other creditors 195,790 163,746
232,264 309,682

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2022 and 31 December 2021:

31.12.22 31.12.21
£    £   
Mr A K Jervis
Balance outstanding at start of year 120,607 52,830
Amounts advanced - 67,777
Amounts repaid (120,607 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 120,607

Mr R H P Urwin
Balance outstanding at start of year 120,607 52,830
Amounts advanced - 67,777
Amounts repaid (120,607 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 120,607

Chesterton House Financial Planning Ltd (Registered number: 02118345)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

The above loan is unsecured, interest is charged at 2.5% and repayable on demand.

9. RELATED PARTY TRANSACTIONS

During the year there was a capital investment of £208,000 (2021: £203,500) in Woolley, Beardsleys & Bosworth LLP.
During the year an Impairment Loss adjustment of £0 (2021: £63,237) was made to the investment of Woolley, Beardsleys & Bosworth LLP.
During the year a Reversal of Impairment Loss of £72,787 (2021: £0) was made to the investment of Woolley, Beardsleys & Bosworth LLP.
At the year end Chesterton House Accounting Services LLP’s loan balance was £0 (2021: £241,214). Interest of 2.5% was applicable.
During the year the company paid rent of £43,200 (2021: £43,328) for the property form which it operates. The property is owned by A K Jervis, a director and S J Jervis, the company secretary.
Included in debtors at the year end, is £591 (2021: £996) due from Woolley, Beardsleys & Bosworth LLP.
Included in debtors at the year end, is £453 (2021: £759) due from Chesterton House Accounting Services.
All transactions were conducted on an arms length basis.