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REGISTERED NUMBER: 07393741 (England and Wales)















CHILFEN EXPORT PACKAGING LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2023






CHILFEN EXPORT PACKAGING LIMITED (REGISTERED NUMBER: 07393741)

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










Page

Company information 1

Abridged statement of financial position 2 to 3

Notes to the financial statements 4 to 8


CHILFEN EXPORT PACKAGING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28TH FEBRUARY 2023







Directors: R B A Childs
M Dear





Registered office: Unit 1 Flint Road
Letchworth Garden City
Hertfordshire
SG6 1HJ





Registered number: 07393741 (England and Wales)





Auditors: Menzies LLP
Chartered Accountants and Statutory Auditors
Richmond House
Walkern Road
Stevenage
Hertfordshire
SG1 3QP

CHILFEN EXPORT PACKAGING LIMITED (REGISTERED NUMBER: 07393741)

ABRIDGED STATEMENT OF FINANCIAL POSITION
28TH FEBRUARY 2023

2023 2022
Notes £    £   
FIXED ASSETS
Property, plant and equipment 5 - 7,155
Investments 6 312,052 312,052
312,052 319,207

CURRENT ASSETS
Debtors 540,101 74,085
Cash at bank 9,833 33,089
549,934 107,174
CREDITORS
Amounts falling due within one year (466,482 ) (78,333 )
NET CURRENT ASSETS 83,452 28,841
TOTAL ASSETS LESS CURRENT LIABILITIES 395,504 348,048

PROVISIONS FOR LIABILITIES - (1,359 )
NET ASSETS 395,504 346,689

CAPITAL AND RESERVES
Called up share capital 8 1,400 1,400
Retained earnings 394,104 345,289
395,504 346,689

CHILFEN EXPORT PACKAGING LIMITED (REGISTERED NUMBER: 07393741)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
28TH FEBRUARY 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of financial position for the year ended 28th February 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 21st November 2023 and were signed on its behalf by:





R B A Childs - Director


CHILFEN EXPORT PACKAGING LIMITED (REGISTERED NUMBER: 07393741)

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


1. STATUTORY INFORMATION

Chilfen Export Packaging 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Chilfen Export Packaging Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Wiltonsign Properties Limited, 5 Yeomans Court, Ware Road, Hertford, Hertfordshire,SG13 7HJ.

Significant judgements and estimates
No significant judgements or estimates have had to be made by the directors in preparing these financial statements.

Revenue
Revenue represents the total invoice value, excluding value added tax, trade discounts and all other direct taxes made during the year.

Revenue recognition
Revenue is recognised when goods have been delivered or services supplied to customers such that risks and rewards of ownership have transferred to them.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 10% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.


CHILFEN EXPORT PACKAGING LIMITED (REGISTERED NUMBER: 07393741)

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


3. ACCOUNTING POLICIES - continued
Tax
Tax 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 tax 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 material 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the income statement on a straight line basis over the period of the lease.

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 the income statement in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 6 ).

CHILFEN EXPORT PACKAGING LIMITED (REGISTERED NUMBER: 07393741)

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


5. PROPERTY, PLANT AND EQUIPMENT
Totals
£   
Cost
At 1st March 2022 124,130
Disposals (124,130 )
At 28th February 2023 -
Depreciation
At 1st March 2022 116,975
Charge for year 1,173
Eliminated on disposal (118,148 )
At 28th February 2023 -
Net book value
At 28th February 2023 -
At 28th February 2022 7,155

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
Cost
At 1st March 2022
and 28th February 2023 312,052
Net book value
At 28th February 2023 312,052
At 28th February 2022 312,052

The company's investments at the Statement of financial position date in the share capital of companies include the following:

Chilfen Joinery Limited
Registered office: Unit 1 Flint Road, Letchworth Garden City, Hertfordshire SG6 1HJ
Nature of business: Manufacturing and project management
%
Class of shares: holding
Ordinary 100.00
Ordinary A 100.00

CHILFEN EXPORT PACKAGING LIMITED (REGISTERED NUMBER: 07393741)

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


6. FIXED ASSET INVESTMENTS - continued

Chilfen Contracting Limited
Registered office: Unit 1 Flint Road, Letchworth Garden City, Hertfordshire SG6 1HJ
Nature of business: Manufacturing and project management
%
Class of shares: holding
Ordinary 100.00

Trafalgar Cases Limited
Registered office: Unit 1 Flint Road, Letchworth Garden City, Hertfordshire SG6 1HJ
Nature of business: Manufacturing and supplies
%
Class of shares: holding
Ordinary 100.00

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 19,984 21,419
Between one and five years 12,775 32,666
32,759 54,085

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Nominal 2021 2020
Number: Class: value: £ £
728 Ordinary A £1 728 728
224 Ordinary B £1 224 224
224 Ordinary C £1 224 224
224 Ordinary D £1 224 224
1,400 1,400

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the auditors was unqualified.

M R Hubbocks FCA (Senior Statutory Auditor)
for and on behalf of Menzies LLP

CHILFEN EXPORT PACKAGING LIMITED (REGISTERED NUMBER: 07393741)

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


10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

11. PARENT RELATIONSHIPS

The parent undertaking and ultimate holding company is Wiltonsign Properties Limited, a company incorporated in England and Wales at 5 Yeomans Court, Ware Road, Hertford, Hertfordshire, SG13 7HJ. The smallest and largest group financial statements in which the results of the company are included are available from this address.