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REGISTERED NUMBER: 01258185 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Chiltern Creative Limited

Chiltern Creative Limited (Registered number: 01258185)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Chiltern Creative Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: S E Matthews





REGISTERED OFFICE: Grove House
1 Grove Place
Bedford
Bedfordshire
MK40 3JJ





REGISTERED NUMBER: 01258185 (England and Wales)





ACCOUNTANTS: Thompsons Accountancy Services Limited
Chartered Accountants
Grove House
1 Grove Place
Bedford
Bedfordshire
MK40 3JJ

Chiltern Creative Limited (Registered number: 01258185)

Statement of Financial Position
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,950,000 1,805,000

CURRENT ASSETS
Debtors 6 14,390 14,285
Cash at bank 957,467 994,095
971,857 1,008,380
CREDITORS
Amounts falling due within one year 7 16,027 65,853
NET CURRENT ASSETS 955,830 942,527
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,905,830

2,747,527

CAPITAL AND RESERVES
Allotted, called up and fully
paid share capital 100 100
Revaluation reserve 8 106,759 (38,241 )
Retained earnings 2,798,971 2,785,668
SHAREHOLDERS' FUNDS 2,905,830 2,747,527

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 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.

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 director and authorised for issue on 26 October 2023 and were signed by:




S E Matthews - Director


Chiltern Creative Limited (Registered number: 01258185)

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

1. STATUTORY INFORMATION

Chiltern Creative 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rents and service charges receivable from tenants, excluding value added tax.

Tangible fixed assets
Investment properties are valued annually and shown in the accounts at valuation. Net surpluses are credited to revaluation reserves.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all 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.

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.

4. EMPLOYEES AND DIRECTORS

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

Chiltern Creative Limited (Registered number: 01258185)

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

5. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST OR VALUATION
At 1 April 2022 1,805,000
Revaluations 145,000
At 31 March 2023 1,950,000
NET BOOK VALUE
At 31 March 2023 1,950,000
At 31 March 2022 1,805,000

Cost or valuation at 31 March 2023 is represented by:

Land and
buildings
£   
Valuation in 2011 463,524
Valuation in 2015 329,000
Valuation in 2016 211,000
Valuation in 2017 (4,391 )
Valuation in 2018 (248,428 )
Valuation in 2019 544,871
Valuation in 2020 (308,833 )
Valuation in 2021 (100,000 )
Valuation in 2022 (892,014 )
Valuation in 2023 145,000
Cost 1,810,271
1,950,000

If freehold properties had not been revalued they would have been included at the following historical cost:

31.3.23 31.3.22
£    £   
Cost 1,810,271 1,801,271

Freehold investment properties were valued on an open market basis on 31 March 2023 by an independent valuer at £1,950,000 .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 11,513 11,852
Prepayments 2,877 2,433
14,390 14,285

Chiltern Creative Limited (Registered number: 01258185)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Tax 1,220 51,657
Social security and other taxes - 183
Other creditors 3,125 3,125
Directors' current accounts 22 65
Accrued expenses 11,660 10,823
16,027 65,853

8. RESERVES
Revaluation
reserve
£   
At 1 April 2022 (38,241 )
Revaluation surplus 145,000

At 31 March 2023 106,759