Registered number
03409134
Cheyne Properties Limited
Filleted Accounts
5 April 2023
Cheyne Properties Limited
Registered number: 03409134
Balance Sheet
as at 5 April 2023
Notes 2023 2022
£ £
Current assets
Debtors 4 164,826 162,999
Cash at bank and in hand 55,045 2,016
219,871 165,015
Creditors: amounts falling due within one year 5 (230,190) (172,443)
Net current liabilities (10,319) (7,428)
Net liabilities (10,319) (7,428)
Capital and reserves
Called up share capital 2 2
Profit and loss account (10,321) (7,430)
Shareholders' funds (10,319) (7,428)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A. Ogunyemi
Director
Approved by the board on 9 October 2023
Cheyne Properties Limited
Notes to the Accounts
for the year ended 5 April 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% Reducing Balance Method
Motor vehicles 25% Straight Line Method
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 6 April 2022 3,167 9,944 13,111
At 5 April 2023 3,167 9,944 13,111
Depreciation
At 6 April 2022 3,167 9,944 13,111
At 5 April 2023 3,167 9,944 13,111
Net book value
At 5 April 2023 - - -
4 Debtors 2023 2022
£ £
Trade debtors 9,945 9,945
Other debtors 154,881 153,054
164,826 162,999
5 Creditors: amounts falling due within one year 2023 2022
£ £
Other creditors 230,190 172,443
6 Other information
Cheyne Properties Limited is a private company limited by shares and incorporated in England. Its registered office is:
The Cedars
82 Camden Park Road
Chislehurst
Kent
BR7 5HF
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