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Financial Statements

for the Year Ended 31 March 2023

for

Chapel Court Properties Ltd

Chapel Court Properties Ltd (Registered number: 12681295)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Chapel Court Properties Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: P Newstead
JP Sammon





REGISTERED OFFICE: Falcon House
Weaver Street
Leeds
LS4 2AU





REGISTERED NUMBER: 12681295 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
Suite 4, 10/12 The Grove,
Ilkley
West Yorkshire
LS29 9EG

Chapel Court Properties Ltd (Registered number: 12681295)

Balance Sheet
31 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,950,000 1,950,000

CURRENT ASSETS
Debtors 5 69,001 7,697
Cash at bank and in hand 25,646 37,094
94,647 44,791
CREDITORS
Amounts falling due within one year 6 (342,611 ) (329,294 )
NET CURRENT LIABILITIES (247,964 ) (284,503 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,702,036

1,665,497

CREDITORS
Amounts falling due after more than one
year

7

(1,667,494

)

(1,667,280

)
NET ASSETS/(LIABILITIES) 34,542 (1,783 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 9 34,442 (1,883 )
34,542 (1,783 )

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 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.

Chapel Court Properties Ltd (Registered number: 12681295)

Balance Sheet - continued
31 March 2023


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 Board of Directors and authorised for issue on 22 December 2023 and were signed on its behalf by:





P Newstead - Director


Chapel Court Properties Ltd (Registered number: 12681295)

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

1. STATUTORY INFORMATION

Chapel Court Properties Ltd 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.
Land and buildings - in accordance with the property

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.

3. EMPLOYEES AND DIRECTORS

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

Chapel Court Properties Ltd (Registered number: 12681295)

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

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 April 2022
and 31 March 2023 1,950,000
NET BOOK VALUE
At 31 March 2023 1,950,000
At 31 March 2022 1,950,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,392 1,820
Other debtors 64,762 5,000
VAT 594 877
Prepayments 1,253 -
69,001 7,697

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,576 75
Corporation tax 4,801 -
Other creditors 329,592 321,839
Directors' current accounts 5,767 5,820
Accrued expenses 875 1,560
342,611 329,294

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 1,667,494 1,667,280

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank Loan 1,667,494 1,667,280

Chapel Court Properties Ltd (Registered number: 12681295)

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

9. RESERVES
Retained
earnings
£   

At 1 April 2022 (1,883 )
Profit for the year 36,325
At 31 March 2023 34,442