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REGISTERED NUMBER: 03927998 (England and Wales)















CHAMBERLAIN DEVELOPMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023






CHAMBERLAIN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 03927998)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 4


CHAMBERLAIN DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: Dr J R Powner
Mrs L Powner





SECRETARY: Dr J R Powner





REGISTERED OFFICE: 4 Parkside Court
Greenhough Road
Lichfield
WS13 7FE





REGISTERED NUMBER: 03927998 (England and Wales)





ACCOUNTANTS: Inspired Accountants Limited
Chartered Certified Accountants
4 Parkside Court
Greenhough Road
Lichfield
Staffordshire
WS13 7FE

CHAMBERLAIN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 03927998)

STATEMENT OF FINANCIAL POSITION
28 FEBRUARY 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 1,483,822 2,409,387
Prepayments and accrued income 111,683 16,526
Cash at bank 18,721 11,943
1,614,226 2,437,856
CREDITORS
Amounts falling due within one year 5 1,138,588 1,729,515
NET CURRENT ASSETS 475,638 708,341
TOTAL ASSETS LESS CURRENT
LIABILITIES

475,638

708,341

CREDITORS
Amounts falling due after more than one year 6 (78,118 ) (163,053 )

ACCRUALS AND DEFERRED INCOME (25,528 ) (6,362 )
NET ASSETS 371,992 538,926

CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Retained earnings 351,992 518,926
SHAREHOLDERS' FUNDS 371,992 538,926

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

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

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 26 October 2023 and were signed on its behalf by:





Dr J R Powner - Director


CHAMBERLAIN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 03927998)

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


1. STATUTORY INFORMATION

Chamberlain Developments 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.

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

Long-Term Contracts
Long-term contracts are assessed on a contract-by-contract basis and reflected the profit and loss account by recording turnover and related costs as contract activity progresses. Turnover is ascertained in a manner appropriate to the stage of completion of the contract and the business. Where is it considered that the outcome of a long-term contract can be assessed with reasonable certainty before its conclusion, the prudently calculated attributable profit is recognised in the profit and loss account as the difference between the reported turnover and the related costs for that contract.

The amount by which recorded turnover is in excess of the payments on account is classified as 'amounts recoverable on contracts' and separately disclosed within debtors.

The balance of payments on account (in excess of amounts (i) matched with turnover, and (ii) offset against long-term contract balances) is classified as payments on account and separately disclosed within creditors.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

CHAMBERLAIN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 03927998)

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


4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 939,961 590,092
Amounts recoverable on contract 356,139 1,806,683
Other debtors 187,722 12,612
1,483,822 2,409,387

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 84,935 75,327
Trade creditors 338,598 241,833
Taxation and social security 113,196 108,974
Other creditors 601,859 1,303,381
1,138,588 1,729,515

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 78,118 163,053

7. OTHER FINANCIAL COMMITMENTS

At the year end the company has lease commitments of £7,332 (2022 £17,108).

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2023 and 28 February 2022:

2023 2022
£    £   
Dr J R Powner
Balance outstanding at start of year (752 ) -
Amounts advanced 102,875 -
Amounts repaid (19,812 ) (752 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 82,311 (752 )

Mrs L Powner
Balance outstanding at start of year - -
Amounts advanced 90,611 -
Amounts repaid (12,609 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 78,002 -