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REGISTERED NUMBER: 11796797 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

HIGH STREET CHESTERTON LTD

HIGH STREET CHESTERTON LTD (REGISTERED NUMBER: 11796797)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 January 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


HIGH STREET CHESTERTON LTD

COMPANY INFORMATION
for the year ended 31 January 2023







DIRECTORS: D T Austin
J Whetstone
Mrs S J Austin





REGISTERED OFFICE: Allia Future Business Centre
Kings Hedges Road
Cambridge
CB4 2HY





REGISTERED NUMBER: 11796797 (England and Wales)






HIGH STREET CHESTERTON LTD (REGISTERED NUMBER: 11796797)

ABRIDGED BALANCE SHEET
31 January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,085 2,130
Investment property 5 - 1,600,000
2,085 1,602,130

CURRENT ASSETS
Stocks 1,600,684 -
Debtors 5,100 9,121
Cash at bank 6,086 8,821
1,611,870 17,942
CREDITORS
Amounts falling due within one year 603,554 501,763
NET CURRENT ASSETS/(LIABILITIES) 1,008,316 (483,821 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,010,401

1,118,309

CREDITORS
Amounts falling due after more than one
year

(699,800

)

(699,800

)

PROVISIONS FOR LIABILITIES (130,934 ) (99,510 )
NET ASSETS 179,667 318,999

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 7 392,804 424,228
Retained earnings (213,139 ) (105,231 )
179,667 318,999

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

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

HIGH STREET CHESTERTON LTD (REGISTERED NUMBER: 11796797)

ABRIDGED BALANCE SHEET - continued
31 January 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 24 August 2023 and were signed on its behalf by:





D T Austin - Director


HIGH STREET CHESTERTON LTD (REGISTERED NUMBER: 11796797)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 January 2023

1. STATUTORY INFORMATION

High Street Chesterton 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

The accounts have been prepared in accordance with applicable accounting standards. The principal accounting policies adopted in the preparation of the financial statements are set out below and remained unchanged from the previous year.

Turnover
Turnover comprises the value of rental income received.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Work in progress is measured at fair value due to the appropriation from investment property to stock in trade.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

HIGH STREET CHESTERTON LTD (REGISTERED NUMBER: 11796797)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 January 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2022
and 31 January 2023 2,198
DEPRECIATION
At 1 February 2022 68
Charge for year 45
At 31 January 2023 113
NET BOOK VALUE
At 31 January 2023 2,085
At 31 January 2022 2,130

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2022 1,600,000
Additions 684
Reclassification/transfer (1,600,684 )
At 31 January 2023 -
NET BOOK VALUE
At 31 January 2023 -
At 31 January 2022 1,600,000

Fair value at 31 January 2023 is represented by:
£   
Valuation in 2022 523,738
Valuation in 2023 (1,600,684 )
Cost 1,076,946

6. SECURED DEBTS

A fixed charge is held over the property.

7. RESERVES
Fair
value
reserve
£   
At 1 February 2022 424,228
Revaluation of property (31,424 )

At 31 January 2023 392,804

HIGH STREET CHESTERTON LTD (REGISTERED NUMBER: 11796797)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 January 2023

8. CONTROLLING INTERESTS

The directors are considered to be the ultimate controlling parties by virtue of their ability to act in concert in respect of the financial and operating policies of the company.