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REGISTERED NUMBER: 03708130 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH DECEMBER 2022

FOR

CHANCERY LANE INVESTMENTS LIMITED

CHANCERY LANE INVESTMENTS LIMITED (REGISTERED NUMBER: 03708130)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH DECEMBER 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

CHANCERY LANE INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH DECEMBER 2022







DIRECTOR: L C Freilich





SECRETARY: B Grossman





REGISTERED OFFICE: 5 Sentinel Square
Hendon
London
NW4 2EL





REGISTERED NUMBER: 03708130 (England and Wales)





ACCOUNTANTS: The Paris Partnership LLP
Chartered Accountants
Russell House
140 High Street
Edgware
Middlesex
HA8 7LW

CHANCERY LANE INVESTMENTS LIMITED (REGISTERED NUMBER: 03708130)

BALANCE SHEET
30TH DECEMBER 2022

2022 2021
Notes £    £   
FIXED ASSETS
Tangible assets 4 108 144
Investment property 5 2,274,390 2,274,390
2,274,498 2,274,534

CURRENT ASSETS
Debtors 6 15,154 223,154

CREDITORS
Amounts falling due within one year 7 (1,530,868 ) (1,823,314 )
NET CURRENT LIABILITIES (1,515,714 ) (1,600,160 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

758,784

674,374

PROVISIONS FOR LIABILITIES (105,219 ) (105,219 )
NET ASSETS 653,565 569,155

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 553,782 553,782
Retained earnings 99,683 15,273
SHAREHOLDERS' FUNDS 653,565 569,155

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th December 2022 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.

CHANCERY LANE INVESTMENTS LIMITED (REGISTERED NUMBER: 03708130)

BALANCE SHEET - continued
30TH DECEMBER 2022


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 17th November 2023 and were signed by:





L C Freilich - Director


CHANCERY LANE INVESTMENTS LIMITED (REGISTERED NUMBER: 03708130)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH DECEMBER 2022


1. STATUTORY INFORMATION

Chancery Lane Investments 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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 NIL (2021 - NIL).

CHANCERY LANE INVESTMENTS LIMITED (REGISTERED NUMBER: 03708130)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH DECEMBER 2022


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 31st December 2021
and 30th December 2022 9,000
DEPRECIATION
At 31st December 2021 8,856
Charge for year 36
At 30th December 2022 8,892
NET BOOK VALUE
At 30th December 2022 108
At 30th December 2021 144

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 31st December 2021
and 30th December 2022 2,274,390
NET BOOK VALUE
At 30th December 2022 2,274,390
At 30th December 2021 2,274,390

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 10,829 10,829
Other debtors 4,325 212,325
15,154 223,154

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Amounts owed to group undertakings 144,791 144,791
Taxation and social security 69,905 46,155
Other creditors 1,316,172 1,632,368
1,530,868 1,823,314

CHANCERY LANE INVESTMENTS LIMITED (REGISTERED NUMBER: 03708130)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH DECEMBER 2022


8. RESERVES
Fair
value
reserve
£   
At 31st December 2021
and 30th December 2022 553,782

9. CONTINGENT LIABILITIES

The company joined a "VAT Group" during the year and as such is jointly and severally liable for the VAT liabilities of the whole group.

10. RELATED PARTY DISCLOSURES

MP Group Services Ltd

A company under common control


2022 2021
£    £   
Amount due to related party at the balance sheet date 947,608 1,413,804

Reelstone Properties Holdings Ltd

A company under common control


2022 2021
£    £   
Amount due to related party at the balance sheet date 342,057 192,056

Ground Rent Trading Ltd

A company under common control


2022 2021
£    £   
Amount due to related party at the balance sheet date 22,015 22,015

Moreland Property Group Ltd

A company under common control


2022 2021
£    £   
Amount due to related party at the balance sheet date 144,791 144,791

CHANCERY LANE INVESTMENTS LIMITED (REGISTERED NUMBER: 03708130)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH DECEMBER 2022


10. RELATED PARTY DISCLOSURES - continued

Buy to Let Investments Ltd

A company under common control


2022 2021
£    £   
Amount due from related party at the balance sheet date - 208,000

11. ULTIMATE PARENT COMPANY

The Moreland Property Group is regarded by the director as being the ultimate parent company.

ULTIMATE CONTROLLING PARTY

The director considers the ultimate controlling party of the company to be the board of the Moreland Property Group Limited.

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
CHANCERY LANE INVESTMENTS LIMITED


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Chancery Lane Investments Limited for the year ended 30th December 2022 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Chancery Lane Investments Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Chancery Lane Investments Limited and state those matters that we have agreed to state to the director of Chancery Lane Investments Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Chancery Lane Investments Limited and its director for our work or for this report.

It is your duty to ensure that Chancery Lane Investments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Chancery Lane Investments Limited. You consider that Chancery Lane Investments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Chancery Lane Investments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






The Paris Partnership LLP
Chartered Accountants
Russell House
140 High Street
Edgware
Middlesex
HA8 7LW


17th November 2023