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Registration number: 07146092

Chesterfield Capital Ltd

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 28 February 2023

image-name
 

Chesterfield Capital Ltd

Contents

Company Information

1

Accountants' Report

2

Abridged Balance Sheet

3 to 4

Notes to the Unaudited Abridged Financial Statements

5 to 8

 

Chesterfield Capital Ltd

Company Information

Directors

Mr Geoffrey Dart

Mrs Victoria Berensen

Registered office

Unit 3, Upp Hall Farm
Salmons Lane
Colchester
Essex
CO6 1RY

Accountants

Integer
Chartered Accountants
Unit 3, Upp Hall Farm
Salmons Lane
Colchester
Essex
CO6 1RY

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Chesterfield Capital Ltd
for the Year Ended 28 February 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Chesterfield Capital Ltd for the year ended 28 February 2023 as set out on pages 3 to 8 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 at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Chesterfield Capital Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Chesterfield Capital Ltd and state those matters that we have agreed to state to the Board of Directors of Chesterfield Capital Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Chesterfield Capital Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Chesterfield Capital Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Chesterfield Capital Ltd. You consider that Chesterfield Capital Ltd 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 accounts of Chesterfield Capital Ltd. 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 accounts.

......................................

Integer
Chartered Accountants
Unit 3, Upp Hall Farm
Salmons Lane
Colchester
Essex
CO6 1RY

28 November 2023

 

Chesterfield Capital Ltd

(Registration number: 07146092)
Abridged Balance Sheet as at 28 February 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

3

1

1

Other financial assets

4

7,262

36,826

 

7,263

36,827

Current assets

 

Debtors

519,669

519,086

Cash at bank and in hand

 

448

411

 

520,117

519,497

Creditors: Amounts falling due within one year

(350,045)

(293,190)

Net current assets

 

170,072

226,307

Total assets less current liabilities

 

177,335

263,134

Accruals and deferred income

 

(1,500)

(1,500)

Net assets

 

175,835

261,634

Capital and reserves

 

Called up share capital

5

10

10

Retained earnings

175,825

261,624

Shareholders' funds

 

175,835

261,634

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 28 November 2023 and signed on its behalf by:
 

 

Chesterfield Capital Ltd

(Registration number: 07146092)
Abridged Balance Sheet as at 28 February 2023

.........................................
Mr Geoffrey Dart
Director

.........................................
Mrs Victoria Berensen
Director

 

Chesterfield Capital Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 28 February 2023

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer equipment

33% straight line

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

 

Chesterfield Capital Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 28 February 2023

3

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 March 2022

1,101

1,101

At 28 February 2023

1,101

1,101

Depreciation

At 1 March 2022

1,100

1,100

At 28 February 2023

1,100

1,100

Carrying amount

At 28 February 2023

1

1

At 28 February 2022

1

1

4

Other financial assets (current and non-current)

Financial assets at cost less impairment
£

Total
£

Non-current financial assets

Cost or valuation

At 1 March 2022

46,826

46,826

Revaluations

(11,139)

(11,139)

Disposals

(28,425)

(28,425)

At 28 February 2023

7,262

7,262

Impairment

Carrying amount

At 28 February 2023

7,262

7,262

 

Chesterfield Capital Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 28 February 2023

5

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

10

10

10

10

         

6

Dividends

   

2023

 

2022

   

£

 

£

Interim dividend of £5,000.00 (2022 - £500.00) per ordinary share

 

50,000

 

10,000

         

7

Related party transactions

Transactions with directors

2023

At 1 March 2022
£

Advances to director
£

Repayments by director
£

At 28 February 2023
£

Mr Geoffrey Dart

Directors loan account

(124,251)

32,353

(40,034)

(131,931)

         
       

 

2022

At 1 March 2021
£

Advances to director
£

Repayments by director
£

At 28 February 2022
£

Mr Geoffrey Dart

Directors loan account

(106,667)

21,400

(38,984)

(124,251)

         
       

 

Summary of transactions with parent

Apsley Estates Ltd owns 100% of the company..At the year end the company owed £195,664 (2022 - £146,939 ) to Apsley Estates Ltd.
 During the year the company paid a dividend of £50,000 (2022 - £10,000) to Apsley Estates Ltd
 The loan between the two companies is interest free and has no repayment terms.
 

 

Chesterfield Capital Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 28 February 2023

8

Parent and ultimate parent undertaking

Apsley Estates Ltd owns 100% of the shares of the company

 The company's immediate parent is Apsley Estates Ltd, incorporated in England.

  These financial statements are available upon request from Companies house