Caseware UK (AP4) 2022.0.179 2022.0.179 2022-09-302022-09-30falsetrue32021-07-21The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseNo description of principal activity 13522671 2021-07-20 13522671 2021-07-21 2022-09-30 13522671 2020-07-21 2021-07-20 13522671 2022-09-30 13522671 c:Director1 2021-07-21 2022-09-30 13522671 d:CurrentFinancialInstruments 2022-09-30 13522671 d:Non-currentFinancialInstruments 2022-09-30 13522671 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 13522671 d:Non-currentFinancialInstruments d:AfterOneYear 2022-09-30 13522671 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-09-30 13522671 d:ShareCapital 2022-09-30 13522671 d:RetainedEarningsAccumulatedLosses 2022-09-30 13522671 c:OrdinaryShareClass1 2021-07-21 2022-09-30 13522671 c:OrdinaryShareClass1 2022-09-30 13522671 c:FRS102 2021-07-21 2022-09-30 13522671 c:AuditExempt-NoAccountantsReport 2021-07-21 2022-09-30 13522671 c:FullAccounts 2021-07-21 2022-09-30 13522671 c:PrivateLimitedCompanyLtd 2021-07-21 2022-09-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 13522671









CHESTER RD (SUTTON) DEVELOPMENTS LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 SEPTEMBER 2022

 
CHESTER RD (SUTTON) DEVELOPMENTS LTD
REGISTERED NUMBER: 13522671

BALANCE SHEET
AS AT 30 SEPTEMBER 2022

2022
Note
£

  

Current assets
  

Stocks
  
632,670

  
632,670

Creditors: amounts falling due within one year
 4 
(250,641)

Net current assets
  
 
 
382,029

Total assets less current liabilities
  
382,029

Creditors: amounts falling due after more than one year
  
(378,000)

  

Net assets
  
4,029


Capital and reserves
  

Called up share capital 
 7 
100

Profit and loss account
  
3,929

  
4,029


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 3 October 2023.




Sandeep Mangat
Director

The notes on pages 3 to 6 form part of these financial statements.
Page 1

 
CHESTER RD (SUTTON) DEVELOPMENTS LTD
REGISTERED NUMBER: 13522671
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2022


Page 2

 
CHESTER RD (SUTTON) DEVELOPMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2022

1.


General information

The Company is a private company, limited by shares, incorporated and domiciled in England within the United Kingdom, registration number 13522671. The Company's registered office is Niphon Works, 43 Lower Villiers Street, Wolverhampton, West Midlnds, England, WV2 4NA.
The financial statements are presented in sterling which is the functional currency of the company and the financial statements are rounded to the nearest £1.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
CHESTER RD (SUTTON) DEVELOPMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2022

2.Accounting policies (continued)

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including the director, during the period was as follows:


        2022
            No.






Directors
3

Page 4

 
CHESTER RD (SUTTON) DEVELOPMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2022

4.


Creditors: Amounts falling due within one year

2022
£

Corporation tax
741

Other creditors
249,900

250,641



5.


Creditors: Amounts falling due after more than one year

2022
£

Bank loans
378,000

378,000



6.


Loans


Analysis of the maturity of loans is given below:


2022
£


Amounts falling due 1-2 years

Bank loans
378,000


378,000



378,000



7.


Share capital

2022
£
Allotted, called up and fully paid


100 Ordinary shares of £1.00 each
100


100 Ordinary Shares of £1 each were issued on incorporation at par value.

Page 5

 
CHESTER RD (SUTTON) DEVELOPMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2022

8.


Related party transactions

As at the balance sheet date £249,900 was due to the director. The loan is interest free and repayable on demand.

 
Page 6