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REGISTERED NUMBER: 10636379















Unaudited Financial Statements for the Year Ended 28 February 2023

for

CHFP Developments Limited

CHFP Developments Limited (Registered number: 10636379)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


CHFP Developments Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: Mr N M Hudgell
Mr S P C Cook



REGISTERED OFFICE: 19 Albion Street
Hull
East Yorkshire
HU1 3TG



REGISTERED NUMBER: 10636379



ACCOUNTANTS: 360 Accountants Limited
18-19 Albion Street
Hull
East Yorkshire
HU1 3TG



BANKERS: Santander
Bootle
Merseyside
L30 4GB

CHFP Developments Limited (Registered number: 10636379)

Abridged Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 1,651,943 1,663,418

CURRENT ASSETS
Debtors 25,664 38,592
Cash at bank 8,591 834
34,255 39,426
CREDITORS
Amounts falling due within one year 81,470 33,661
NET CURRENT (LIABILITIES)/ASSETS (47,215 ) 5,765
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,604,728

1,669,183

CREDITORS
Amounts falling due after more than one year 4 1,833,487 1,890,288
NET LIABILITIES (228,759 ) (221,105 )

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings (228,859 ) (221,205 )
SHAREHOLDERS' FUNDS (228,759 ) (221,105 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

CHFP Developments Limited (Registered number: 10636379)

Abridged Balance Sheet - continued
28 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 Balance Sheet for the year ended 28 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 23 November 2023 and were signed on its behalf by:





Mr N M Hudgell - Director


CHFP Developments Limited (Registered number: 10636379)

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

1. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Long leasehold - Straight line over 15 years

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.

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

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

CHFP Developments Limited (Registered number: 10636379)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

3. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2022
and 28 February 2023 1,701,443
DEPRECIATION
At 1 March 2022 38,025
Charge for year 11,475
At 28 February 2023 49,500
NET BOOK VALUE
At 28 February 2023 1,651,943
At 28 February 2022 1,663,418

4. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
28.2.23 28.2.22
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 5,796 -

5. SECURED DEBTS

The following secured debts are included within creditors:

28.2.23 28.2.22
£    £   
Bank loans 777,500 805,750

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
100 Ordinary £1 100 100

7. ULTIMATE CONTROLLING PARTY

In the opinion of the directors there was no ultimate controlling party.