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REGISTERED NUMBER: 06396197 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

CHELSEA RENTALS LIMITED

CHELSEA RENTALS LIMITED (REGISTERED NUMBER: 06396197)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CHELSEA RENTALS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: Ms N J Staples
P Worboys
R Worboys





SECRETARY: Mrs L M Worboys





REGISTERED OFFICE: 6 Cookham Dene Close
Manor Park
Chislehurst
Kent
BR7 5QW





REGISTERED NUMBER: 06396197 (England and Wales)





ACCOUNTANTS: Sargeant Partnership LLP
Chartered Accountants
5 White Oak Square
London Road
Swanley
Kent
BR8 7AG

CHELSEA RENTALS LIMITED (REGISTERED NUMBER: 06396197)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 194 340
Investment property 5 330,000 330,000
330,194 330,340

CURRENT ASSETS
Debtors 6 547 385
Cash at bank 33,540 12,516
34,087 12,901
CREDITORS
Amounts falling due within one year 7 280,723 271,261
NET CURRENT LIABILITIES (246,636 ) (258,360 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

83,558

71,980

PROVISIONS FOR LIABILITIES 49 85
NET ASSETS 83,509 71,895

CAPITAL AND RESERVES
Called up share capital 8 102 102
Fair value reserve 9 557 557
Retained earnings 9 82,850 71,236
SHAREHOLDERS' FUNDS 83,509 71,895

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

CHELSEA RENTALS LIMITED (REGISTERED NUMBER: 06396197)

BALANCE SHEET - continued
31 OCTOBER 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 31 January 2024 and were signed on its behalf by:





R Worboys - Director


CHELSEA RENTALS LIMITED (REGISTERED NUMBER: 06396197)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

Chelsea Rentals 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.

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.
Plant and machinery etc - 25% per annum on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

CHELSEA RENTALS LIMITED (REGISTERED NUMBER: 06396197)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 November 2022
and 31 October 2023 4,421 583 5,004
DEPRECIATION
At 1 November 2022 4,421 243 4,664
Charge for year - 146 146
At 31 October 2023 4,421 389 4,810
NET BOOK VALUE
At 31 October 2023 - 194 194
At 31 October 2022 - 340 340

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022
and 31 October 2023 330,000
NET BOOK VALUE
At 31 October 2023 330,000
At 31 October 2022 330,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 547 385

CHELSEA RENTALS LIMITED (REGISTERED NUMBER: 06396197)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to participating interests 193,390 184,058
Taxation and social security 2,750 1,039
Other creditors 84,583 86,164
280,723 271,261

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
102 Ordinary £1 102 102

9. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 November 2022 71,236 557 71,793
Profit for the year 11,614 11,614
At 31 October 2023 82,850 557 83,407

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the company owed the directors £81,734 (2022: £84,212).

11. RELATED PARTY DISCLOSURES

Worboys Estates Limited is a related company through common directorship. Chelsea Rental Limited owed Worboys Estates Limited £193,390 (2022: £184,058) by way of intercompany balance.



12. ULTIMATE CONTROLLING PARTY

The Ultimate controlling party is Paul Worboys and Nichola Staples by virtue of their shareholdings.