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REGISTERED NUMBER: 11178719 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 JANUARY 2023

FOR

CHILWORTH AND HART LTD

CHILWORTH AND HART LTD (REGISTERED NUMBER: 11178719)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 JANUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CHILWORTH AND HART LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28 JANUARY 2023







DIRECTOR: M N Talbot Holmes





REGISTERED OFFICE: Room 73
Wrest House
Wrest Park
Silsoe
Bedfordshire
MK45 4HR





REGISTERED NUMBER: 11178719 (England and Wales)





ACCOUNTANTS: MDG Business Associates Limited
Room 73
Wrest House
Wrest Park
Silsoe
Bedfordshire
MK45 4HR

CHILWORTH AND HART LTD (REGISTERED NUMBER: 11178719)

BALANCE SHEET
28 JANUARY 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 5 121,664 58,924
Cash at bank 40 3,061
121,704 61,985
CREDITORS
Amounts falling due within one year 6 141,601 39,667
NET CURRENT (LIABILITIES)/ASSETS (19,897 ) 22,318
TOTAL ASSETS LESS CURRENT
LIABILITIES

(19,897

)

22,318

CREDITORS
Amounts falling due after more than one year 7 91,667 91,667
NET LIABILITIES (111,564 ) (69,349 )

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings (111,565 ) (69,350 )
SHAREHOLDERS' FUNDS (111,564 ) (69,349 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 11 November 2023 and were signed by:





M N Talbot Holmes - Director


CHILWORTH AND HART LTD (REGISTERED NUMBER: 11178719)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 JANUARY 2023

1. STATUTORY INFORMATION

Chilworth and Hart 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

During the year the company made a loss after tax of £42,215 and had a net deficiency in reserves of £111,565 at the balance sheet date.

After making enquires, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the director continues to adopt the going concern basis in preparing the financial statements.

The comparatives relate to the period from 30th January 2021 to 28th January 2022.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts received for goods supplied and services rendered, stated net of discounts and Value Added Tax.

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.

Coronavirus job retention scheme
The Coronavirus Job Retention Scheme (CJRS) is a government wage support measure. It is designed to protect jobs in the wake of the economic impacts of the Covid-19 pandemic, and to support employers to continue paying wages. The CJRS allows employers to reclaim up to 80% of the wage costs of 'furloughed employees', being those directly impacted by the pandemic, up to a cap of £2,500 per month per employee.

Business bounce back loan scheme
The Bounce Back Loan Scheme (BBLS) enables smaller businesses to access finance more quickly during the coronavirus outbreak. The scheme helps small and medium sized businesses to borrow between £2,000 and up to 25% of their turnover. The maximum loan available is £50,000. The government guarantees 100% of the loan and there are no fees or interest to pay for the first 12 months. After 12 months the interest rate is 2.5% per annum.

CHILWORTH AND HART LTD (REGISTERED NUMBER: 11178719)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 JANUARY 2023

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

5. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other debtors 121,664 58,924

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 7,167 7,167
Trade creditors 749 750
Director's loan account 132,785 30,850
Accrued expenses 900 900
141,601 39,667

The bank loan relates to a Business Bounce Back Loan undertaken in a prior year . Interest is charged at 2.5%. There are no set repayment terms in place.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 35,833 35,833
Other creditors 55,834 55,834
91,667 91,667

The bank loan relates to a Business Bounce Back Loan undertaken in a prior year . Interest is charged at 2.5%. There are no set repayment terms in place.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1

9. RELATED PARTY DISCLOSURES

Included within creditors is an amount of £132,784 (2022: £30,850) due to M N Talbot Holmes, director. No interest has been charged on this balance during the year (2022: £Nil) and there are no set repayment terms.

Included within debtors is an amount of £121,664 (2021; £58,924) due to the company from Sakamain Ltd, a company under common control. No interest has been charged on this balance during the year (2022: £Nil) and there are no set repayment terms in place.

Included within creditors is an amount of £55,834 (2022: £55,834) due from the company to J M Holmes, mother of M N Talbot Holmes, director. No interest has been charged on this balance during the year (2022: £Nil) and settlement is due in more than one year from the balance sheet date.