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REGISTERED NUMBER: 04072001 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

CHATSWORTH FINANCIAL MANAGEMENT LIMITED

CHATSWORTH FINANCIAL MANAGEMENT LIMITED (REGISTERED NUMBER: 04072001)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


CHATSWORTH FINANCIAL MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: J N Butcher
E G Simmons





REGISTERED OFFICE: 11-15 Church Street
Conisbrough
Doncaster
South Yorkshire
DN12 3HL





REGISTERED NUMBER: 04072001 (England and Wales)





ACCOUNTANTS: Highdale Accounting Ltd
Highdale Cottage
217 Barnsley Road
Denby Dale
Huddersfield
West Yorkshire
HD8 8TS

CHATSWORTH FINANCIAL MANAGEMENT LIMITED (REGISTERED NUMBER: 04072001)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 318,278 314,795

CURRENT ASSETS
Debtors 5 42,254 34,847
Cash at bank and in hand 24,662 21,423
66,916 56,270
CREDITORS
Amounts falling due within one year 6 122,717 143,665
NET CURRENT LIABILITIES (55,801 ) (87,395 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

262,477

227,400

CREDITORS
Amounts falling due after more than one
year

7

64,943

27,443
NET ASSETS 197,534 199,957

CAPITAL AND RESERVES
Called up share capital 104 104
Revaluation reserve 9 143,889 143,889
Retained earnings 53,541 55,964
197,534 199,957

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

CHATSWORTH FINANCIAL MANAGEMENT LIMITED (REGISTERED NUMBER: 04072001)

STATEMENT OF FINANCIAL POSITION - continued
30 SEPTEMBER 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 1 November 2023 and were signed on its behalf by:




J N Butcher - Director



E G Simmons - Director


CHATSWORTH FINANCIAL MANAGEMENT LIMITED (REGISTERED NUMBER: 04072001)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023


1. STATUTORY INFORMATION

Chatsworth Financial Management 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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 15% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 20% on reducing balance

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

CHATSWORTH FINANCIAL MANAGEMENT LIMITED (REGISTERED NUMBER: 04072001)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants
are not recognised until there is reasonable assurance that the company will comply with the
conditions attaching to them and the grants will be received.

Government grants are recognised using the accrual model and the performance model.

Under the accrual model, government grants relating to revenue are recognised on a systematic
basis over the periods in which the company recognises the related costs for which the grant is
intended to compensate. Grants that are receivable as compensation for expenses or losses
already incurred or for the purpose of giving immediate financial support to the entity with no
future related costs are recognised in income in the period in which it becomes receivable.

Grants relating to assets are recognised in income on a systematic basis over the expected
useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as
deferred income and not deducted from the carrying amount of the asset.

Under the performance model, where the grant does not impose specified future performance related
conditions on the recipient, it is recognised in income when the grant proceeds are
received or receivable. Where the grant does impose specified future performance-related
conditions on the recipient, it is recognised in income only when the performance-related
conditions have been met. Where grants received are prior to satisfying the revenue recognition
criteria, they are recognised as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Improvements Fixtures
Freehold to and Computer
property property fittings equipment Totals
£    £    £    £    £   
COST
At 1 October 2022 300,000 84,670 7,125 39,754 431,549
Additions - - 5,752 1,794 7,546
At 30 September 2023 300,000 84,670 12,877 41,548 439,095
DEPRECIATION
At 1 October 2022 - 76,776 5,421 34,557 116,754
Charge for year - 1,184 1,481 1,398 4,063
At 30 September 2023 - 77,960 6,902 35,955 120,817
NET BOOK VALUE
At 30 September 2023 300,000 6,710 5,975 5,593 318,278
At 30 September 2022 300,000 7,894 1,704 5,197 314,795

CHATSWORTH FINANCIAL MANAGEMENT LIMITED (REGISTERED NUMBER: 04072001)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 42,254 34,847

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,077 9,829
Taxation and social security 54,032 55,884
Other creditors 58,608 77,952
122,717 143,665

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 17,365 27,443
Other creditors 47,578 -
64,943 27,443

8. FINANCIAL INSTRUMENTS

For financial instruments measured at fair value, the basis for determining fair value must be disclosed. When a valuation technique is used, the assumptions applied in determining fair value for each class of financial assets or financial liabilities must be disclosed. If a reliable measure of fair value is no longer available for ordinary or preference shares measured at fair value through profit or loss, this must also be disclosed.

9. RESERVES
Revaluatio
reserve
£   
At 1 October 2022
and 30 September 2023 143,889