Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-3100false2022-04-01to promote and run events at Chatsworth Housetruetrue 09037793 2022-04-01 2023-03-31 09037793 2021-04-01 2022-03-31 09037793 2023-03-31 09037793 2022-03-31 09037793 c:Director1 2022-04-01 2023-03-31 09037793 d:PlantMachinery 2022-04-01 2023-03-31 09037793 d:PlantMachinery 2023-03-31 09037793 d:PlantMachinery 2022-03-31 09037793 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 09037793 d:CurrentFinancialInstruments 2023-03-31 09037793 d:CurrentFinancialInstruments 2022-03-31 09037793 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 09037793 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 09037793 d:ShareCapital 2023-03-31 09037793 d:ShareCapital 2022-03-31 09037793 c:FRS102 2022-04-01 2023-03-31 09037793 c:Audited 2022-04-01 2023-03-31 09037793 c:FullAccounts 2022-04-01 2023-03-31 09037793 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 09037793 c:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 09037793










CHATSWORTH HOUSE ENTERPRISES LIMITED










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

 
CHATSWORTH HOUSE ENTERPRISES LIMITED
REGISTERED NUMBER: 09037793

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
115,709
123,689

Current assets
  

Debtors: amounts falling due within one year
 6 
376,275
629,137

Cash at bank and in hand
  
131,477
48,144

  
507,752
677,281

Creditors: amounts falling due within one year
 7 
(623,460)
(800,969)

Net current liabilities
  
 
 
(115,708)
 
 
(123,688)

  

Net assets
  
1
1


Capital and reserves
  

Called up share capital 
  
1
1

  
1
1


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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 14 November 2023.




A C Lavery
Director

The notes on pages 2 to 6 form part of these financial statements.

Page 1

 
CHATSWORTH HOUSE ENTERPRISES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Chatsworth House Enterprises Limited is a private company limited by shares, incorporated in England and Wales (registered number: 09037793). Its registered office is the Estate Office, Edensor, Bakewell, Derbyshire, DE45 1PJ. The principal activity of the Company throughout the year continued to be that of promoting and running events at Chatsworth House.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The company's functional and presentation currency is pounds sterling.

The following principal accounting policies have been applied:

 
2.2

Going concern

At year end date the Company’s current liabilities exceeded its current assets by £115,708 (2022: £123,688). The Company will continue to receive support from the parent charity and on this basis the accounts have been prepared on a going concern basis.

Page 2

 
CHATSWORTH HOUSE ENTERPRISES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.3

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.

 
2.4

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.

Page 3

 
CHATSWORTH HOUSE ENTERPRISES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and equipment
-
20 years straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.


3.


Employees

The average monthly number of employees during the year was 0 (2022: 0). The directors do not have employment contracts with the company and are not paid for their role.



4.


Gift aid distribution

All profits earned through the trading activities of Chatsworth House Enterprises Limited are paid to Chatsworth House Trust (the parent charity) under the gift aid scheme. A deed of covenant is in place.

Page 4

 
CHATSWORTH HOUSE ENTERPRISES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 April 2022
158,743



At 31 March 2023

158,743



Depreciation


At 1 April 2022
35,054


Charge for the year on owned assets
7,980



At 31 March 2023

43,034



Net book value



At 31 March 2023
115,709



At 31 March 2022
123,689


6.


Debtors

2023
2022
£
£


Trade debtors
158,332
376,222

Prepayments and accrued income
217,943
252,915

376,275
629,137


Page 5

 
CHATSWORTH HOUSE ENTERPRISES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
2,116
89,076

Amounts owed to group undertakings
114,463
166,724

Amounts owed to related undertakings
32,368
-

Accruals and deferred income
474,513
545,169

623,460
800,969



8.


Controlling party

The company is a wholly owned subsidiary of Chatsworth House Trust which is considered to be the ultimate controlling party.
The registered office of Chatsworth House Trust is Estate Office, Edensor, Bakewell, Derbyshire, DE45 1JP. The results of this company are consolidated in the accounts of the parent charity which are available for inspection at Companies House.


9.


Related party transactions

The company has taken advantage of the exemption available in FRS102 whereby it has not disclosed transactions with the ultimate parent charity, Chatsworth House Trust.
All other related party transactions are considered to be conducted under normal market conditions and as such, do not require disclosure under FRS 102 Section 1A.


10.


Auditors' information

The auditors' report on the financial statements for the year ended 31 March 2023 was unqualified.

The audit report was signed on 14 November 2023 by Howard Freeman BSc FCA (Senior Statutory Auditor) on behalf of Shorts.

 
Page 6