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Company Registration No. 02215210 (England and Wales)
Chalk Property Solutions Ltd Unaudited accounts for the year ended 28 February 2023
Chalk Property Solutions Ltd Unaudited accounts Contents
Page
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Chalk Property Solutions Ltd Company Information for the year ended 28 February 2023
Director
MRE Lupton
Secretary
R Lupton
Company Number
02215210 (England and Wales)
Registered Office
'Oakwood' 4 Windmill Park Windmill Hill Wrotham Heath Sevenoaks Kent TN15 7SY
Accountants
King & Taylor 123 Cross Lane East Gravesend Kent DA12 5HA
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Chalk Property Solutions Ltd Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
659 
5,401 
Current assets
Debtors
112,394 
209,335 
Cash at bank and in hand
927,904 
925,300 
1,040,298 
1,134,635 
Creditors: amounts falling due within one year
(31,076)
(125,756)
Net current assets
1,009,222 
1,008,879 
Net assets
1,009,881 
1,014,280 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
1,009,781 
1,014,180 
Shareholders' funds
1,009,881 
1,014,280 
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 November 2023 and were signed on its behalf by
MRE Lupton Director Company Registration No. 02215210
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Chalk Property Solutions Ltd Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Chalk Property Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 02215210. The registered office is 'Oakwood' 4 Windmill Park, Windmill Hill, Wrotham Heath Sevenoaks, Kent, TN15 7SY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance basis
Fixtures & fittings
15% reducing balance basis
Computer equipment
5 year straight line basis
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Chalk Property Solutions Ltd Notes to the Accounts for the year ended 28 February 2023
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2022
30,063 
16,245 
978 
47,286 
Disposals
(30,063)
(16,245)
- 
(46,308)
At 28 February 2023
- 
- 
978 
978 
Depreciation
At 1 March 2022
27,559 
14,202 
124 
41,885 
Charge for the year
376 
306 
195 
877 
On disposals
(27,935)
(14,508)
- 
(42,443)
At 28 February 2023
- 
- 
319 
319 
Net book value
At 28 February 2023
- 
- 
659 
659 
At 28 February 2022
2,504 
2,043 
854 
5,401 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
727 
- 
Trade debtors
- 
90,808 
Accrued income and prepayments
- 
6,860 
Other debtors
111,667 
111,667 
112,394 
209,335 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
- 
1,483 
Trade creditors
- 
260 
Taxes and social security
2,512 
30,098 
Loans from directors
28,564 
93,915 
31,076 
125,756 
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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