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REGISTERED NUMBER: 10528601 (England and Wales)














Chetwyn Partners Ltd

Unaudited Financial Statements

for the Year Ended 31 March 2023






Chetwyn Partners Ltd (Registered number: 10528601)






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


Chetwyn Partners Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mrs C Gallone
A C Gallone





SECRETARY:





REGISTERED OFFICE: 8 Welford Road
Kingsthorpe
Northamptonshire
NN2 8AG





REGISTERED NUMBER: 10528601 (England and Wales)





ACCOUNTANTS: Barter Durgan
Chartered Accountants
10 Victoria Road South
Southsea
Hampshire
PO5 2DA

Chetwyn Partners Ltd (Registered number: 10528601)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,066,927 1,080,691

CURRENT ASSETS
Debtors 5 290,459 106,716
Investments 6 - 500,000
Cash at bank 334,161 169,760
624,620 776,476
CREDITORS
Amounts falling due within one year 7 283,613 296,455
NET CURRENT ASSETS 341,007 480,021
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,407,934

1,560,712

CREDITORS
Amounts falling due after more than one year 8 595,367 595,367
NET ASSETS 812,567 965,345

CAPITAL AND RESERVES
Called up share capital 662,952 662,952
Share premium 330,593 330,593
Retained earnings (180,978 ) (28,200 )
812,567 965,345

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.

Chetwyn Partners Ltd (Registered number: 10528601)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 November 2023 and were signed on its behalf by:





Mrs C Gallone - Director


Chetwyn Partners Ltd (Registered number: 10528601)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Chetwyn Partners 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.

Turnover
Turnover 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

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

Chetwyn Partners Ltd (Registered number: 10528601)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 1,066,267 1,763 44,547 564 1,113,141
Disposals - - (44,547 ) - (44,547 )
At 31 March 2023 1,066,267 1,763 - 564 1,068,594
DEPRECIATION
At 1 April 2022 - 736 31,150 564 32,450
Charge for year - 367 - - 367
Eliminated on disposal - - (31,150 ) - (31,150 )
At 31 March 2023 - 1,103 - 564 1,667
NET BOOK VALUE
At 31 March 2023 1,066,267 660 - - 1,066,927
At 31 March 2022 1,066,267 1,027 13,397 - 1,080,691

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 231,619 56,450
Due from related company 58,840 48,840
VAT - 1,426
290,459 106,716

6. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Listed investments - 500,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 108,363 108,363
Trade creditors 5,694 8,745
Taxation - 14,488
Other creditors 10,125 -
Hire purchase - 24,220
Directors' current accounts 154,976 136,184
Accrued expenses 4,455 4,455
283,613 296,455

Chetwyn Partners Ltd (Registered number: 10528601)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans more 5 yr by instal 595,367 595,367

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 595,367 595,367