IRIS Accounts Production v23.3.0.418 11956049 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure119560492022-03-31119560492023-03-31119560492022-04-012023-03-31119560492021-03-31119560492021-04-012022-03-31119560492022-03-3111956049ns16:EnglandWales2022-04-012023-03-3111956049ns15:PoundSterling2022-04-012023-03-3111956049ns11:Director12022-04-012023-03-3111956049ns11:PrivateLimitedCompanyLtd2022-04-012023-03-3111956049ns11:SmallEntities2022-04-012023-03-3111956049ns11:AuditExempt-NoAccountantsReport2022-04-012023-03-3111956049ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3111956049ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-3111956049ns11:FullAccounts2022-04-012023-03-3111956049ns11:Director22022-04-012023-03-3111956049ns11:Director32022-04-012023-03-3111956049ns11:Director42022-04-012023-03-3111956049ns11:RegisteredOffice2022-04-012023-03-3111956049ns6:CurrentFinancialInstruments2023-03-3111956049ns6:CurrentFinancialInstruments2022-03-3111956049ns6:ShareCapital2023-03-3111956049ns6:ShareCapital2022-03-3111956049ns6:FurtherSpecificReserve3ComponentTotalEquity2023-03-3111956049ns6:FurtherSpecificReserve3ComponentTotalEquity2022-03-3111956049ns6:RetainedEarningsAccumulatedLosses2023-03-3111956049ns6:RetainedEarningsAccumulatedLosses2022-03-3111956049ns6:MotorVehicles2022-04-012023-03-3111956049ns6:ComputerEquipment2022-04-012023-03-3111956049ns6:MotorVehicles2022-03-3111956049ns6:ComputerEquipment2022-03-3111956049ns6:MotorVehicles2023-03-3111956049ns6:ComputerEquipment2023-03-3111956049ns6:MotorVehicles2022-03-3111956049ns6:ComputerEquipment2022-03-3111956049ns6:CostValuation2022-03-3111956049ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-3111956049ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-3111956049ns6:FurtherSpecificReserve3ComponentTotalEquity2022-03-31
REGISTERED NUMBER: 11956049 (England and Wales)










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

CHELICO HOLDINGS LTD

CHELICO HOLDINGS LTD (REGISTERED NUMBER: 11956049)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CHELICO HOLDINGS LTD

COMPANY INFORMATION
for the Year Ended 31 MARCH 2023







DIRECTORS: R A J Cousins
A E G Cousins
R J A Cousins
A R G Cousins





REGISTERED OFFICE: Five Ways
57/59 Hatfield Road
Potters Bar
Hertfordshire
EN6 1HS





REGISTERED NUMBER: 11956049 (England and Wales)





ACCOUNTANTS: SRG Newmans Limited
Five Ways
57-59 Hatfield Road
Potters Bar
Hertfordshire
EN6 1HS

CHELICO HOLDINGS LTD (REGISTERED NUMBER: 11956049)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 89,249 117,065
Investments 5 1,280 1,280
Investment property 6 8,200,000 8,200,000
8,290,529 8,318,345

CURRENT ASSETS
Debtors 7 2,375,362 1,631,069
Cash at bank 1,508,787 1,980,670
3,884,149 3,611,739
CREDITORS
Amounts falling due within one year 8 313,592 221,838
NET CURRENT ASSETS 3,570,557 3,389,901
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,861,086

11,708,246

PROVISIONS FOR LIABILITIES 562,291 562,291
NET ASSETS 11,298,795 11,145,955

CAPITAL AND RESERVES
Called up share capital 2,560 2,560
Fair value reserve 9 7,762,389 7,762,389
Retained earnings 3,533,846 3,381,006
SHAREHOLDERS' FUNDS 11,298,795 11,145,955

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.

CHELICO HOLDINGS LTD (REGISTERED NUMBER: 11956049)

BALANCE SHEET - continued
31 MARCH 2023


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 19 September 2023 and were signed on its behalf by:





A E G Cousins - Director


CHELICO HOLDINGS LTD (REGISTERED NUMBER: 11956049)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 MARCH 2023

1. STATUTORY INFORMATION

Chelico Holdings 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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Investments in subsidiaries
The investment of £1,280 relates to a 100% ownership in Cousins Holdings Ltd for 1,280 shares.

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.

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.

CHELICO HOLDINGS LTD (REGISTERED NUMBER: 11956049)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2022 157,442 7,832 165,274
Additions - 4,995 4,995
At 31 March 2023 157,442 12,827 170,269
DEPRECIATION
At 1 April 2022 43,259 4,950 48,209
Charge for year 28,577 4,234 32,811
Reclassification/transfer 125 (125 ) -
At 31 March 2023 71,961 9,059 81,020
NET BOOK VALUE
At 31 March 2023 85,481 3,768 89,249
At 31 March 2022 114,183 2,882 117,065

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2022
and 31 March 2023 1,280
NET BOOK VALUE
At 31 March 2023 1,280
At 31 March 2022 1,280

CHELICO HOLDINGS LTD (REGISTERED NUMBER: 11956049)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2023

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 8,200,000
NET BOOK VALUE
At 31 March 2023 8,200,000
At 31 March 2022 8,200,000

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2014 1,455,072
Valuation in 2016 1,662,135
Valuation in 2017 1,222,376
Valuation in 2018 959,329
Cost 2,901,088
8,200,000

The directors have given due consideration to the present value of the investment property and confirm that the current market value as at 31st March 2023 is £8,200,000.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 22,196 15,700
Amounts owed by group undertakings 2,346,863 1,606,863
Other debtors 6,303 8,506
2,375,362 1,631,069

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 4,295 24,458
Taxation and social security 76,454 63,369
Other creditors 232,843 134,011
313,592 221,838

CHELICO HOLDINGS LTD (REGISTERED NUMBER: 11956049)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2023

9. RESERVES
Fair
value
reserve
£   
At 1 April 2022
and 31 March 2023 7,762,389

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 31st March 2023, within Other Creditors, the company owed Mr A E G Cousins £10,624, Mr R A J Cousins £96,395, Mr R J A Cousins £5,624 and Mr A R G Cousins £15,624.

11. RELATED PARTY DISCLOSURES

The following amount is owed from an associated company as at 31st March 2023:

Cousins Holdings Limited: As at 31st March 2023 £1,397,363 (2022: £1,057,363)
Elgor Limited: As at 31st March 2023 £949,500 (2022: £549,500)