REGISTERED NUMBER: 09103051 (England and Wales)

Financial Statements

for the Year Ended 31 March 2023

for

CHASE EVANS HOLDINGS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A M Holden

I S Irons

G J McLuckie

SECRETARY:

I S Irons

REGISTERED OFFICE:

10 & 12 Walworth Road

Elephant & Castle

London

SE1 6EE

REGISTERED NUMBER:

09103051 (England and Wales)

ACCOUNTANTS:

Maths Partnership

1 Brook Court

Blakeney Road

Beckenham

Kent

BR3 1HG

FIXED ASSETS

Tangible assets

4

3,485,633

3,511,298

Investments

5

100

100

3,485,733

3,511,398

CURRENT ASSETS

Debtors

6

165,818

1,334,655

Cash at bank

82,771

21,654

248,589

1,356,309

CREDITORS

Amounts falling due within one year

7

2,052,991

3,244,312

NET CURRENT LIABILITIES

(1,804,402

)

(1,888,003

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,681,331

1,623,395

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

1,681,231

1,623,295

SHAREHOLDERS' FUNDS

1,681,331

1,623,395

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 October 2023 and were signed on its behalf by:

G J McLuckie - Director

1.	STATUTORY INFORMATION

Chase Evans Holdings 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.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Long leasehold

-

over the remaining term of the lease

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4.	TANGIBLE FIXED ASSETS

Freehold

Long

property

leasehold

Totals

£

£

£

COST

At 1 April 2022

and 31 March 2023

183,431

3,499,108

3,682,539

DEPRECIATION

At 1 April 2022

19,560

151,681

171,241

Charge for year

3,669

21,996

25,665

At 31 March 2023

23,229

173,677

196,906

NET BOOK VALUE

At 31 March 2023

160,202

3,325,431

3,485,633

At 31 March 2022

163,871

3,347,427

3,511,298

5.	FIXED ASSET INVESTMENTS

Unlisted

investments

£

COST

At 1 April 2022

and 31 March 2023

100

NET BOOK VALUE

At 31 March 2023

100

At 31 March 2022

100

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Chase Evans Residential Limited

Registered office: 10 & 12 Walworth Road, Elephant & Castle, London SE1 6EE

Nature of business: Estate Agents and property managing agents

%

Class of shares:

holding

Ordinary

100.00

31.3.23

31.3.22

£

£

Aggregate capital and reserves

2,073,989

1,844,522

Profit for the year

2,268,729

1,947,148

Smithers Jones Inc

Registered office: 234 Streamwood Road,Troutman, North Carolina 28166 USA

Nature of business: Equipment leasing

%

Class of shares:

holding

Ordinary $1

99.00

31.3.23

31.3.22

£

£

Aggregate capital and reserves

24,586

24,432

(Loss)/profit for the year

(154

)

23,579

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Amounts owed by group undertakings

162,798

1,331,683

Other debtors

3,020

2,972

165,818

1,334,655

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Bank loans and overdrafts (see note 8)

-

1,898,027

Trade creditors

-

1,035

Amounts owed to group undertakings

483,689

-

Taxation and social security

10,676

3,187

Other creditors

1,558,626

1,342,063

2,052,991

3,244,312

8.

LOANS

An analysis of the maturity of loans is given below:

31.3.23

31.3.22

£

£

Amounts falling due within one year or on demand:

Bank loans

-

1,898,027

Other loans

219,192

-

219,192

1,898,027

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.23

31.3.22

£

£

Bank loans

-

1,898,027

Bank loan and overdraft are secured by way of fixed first charge on the freehold and long leasehold properties held by by the company and by way of a fixed and floating debenture over all of the assets of the company.

The bank loan was repaid in full on 14 July 2022 and subsequently the fixed and floating debenture in favour of the bank were discharged.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.23

31.3.22

value:

£

£

100

Ordinary

£1

100

100

11.	RELATED PARTY DISCLOSURES

At the year end, the company was due £483,689 (£1,178,791 - 2022) to it's subsidiary Chase Evans Residential Limited. The company was owed £150,591 (£152,892 - 2022) by Smithers Jones LLC there the company has a 99% membership holding. No interest is payable or receivable on the inter-company loans.