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REGISTERED NUMBER: 00281565 (England and Wales)






CHR Estates Limited

Financial Statements

for the Year Ended 30 June 2023






CHR Estates Limited (Registered number: 00281565)

Contents of the Financial Statements
for the year ended 30 June 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CHR Estates Limited

Company Information
for the year ended 30 June 2023







DIRECTORS: Mr N Smillie
Ms J R Fletcher OBE
Mrs H E Craven





REGISTERED OFFICE: 33 George Street
Wakefield
West Yorkshire
WF1 1LX





REGISTERED NUMBER: 00281565 (England and Wales)





ACCOUNTANTS: SMH Jolliffe Cork Ltd
Chartered Accountants
33 George Street
Wakefield
West Yorkshire
WF1 1LX

CHR Estates Limited (Registered number: 00281565)

Balance Sheet
30 June 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 92,951 15,579
Investments 5 400 500
93,351 16,079

CURRENT ASSETS
Stocks 1,731,407 1,577,360
Debtors 6 8,355,877 6,694,031
Cash at bank 198,341 223,664
10,285,625 8,495,055
CREDITORS
Amounts falling due within one year 7 8,821,315 7,056,464
NET CURRENT ASSETS 1,464,310 1,438,591
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,557,661

1,454,670

PROVISIONS FOR LIABILITIES 9,779 1,602
NET ASSETS 1,547,882 1,453,068

CHR Estates Limited (Registered number: 00281565)

Balance Sheet - continued
30 June 2023

2023 2022
Notes £ £ £ £

CAPITAL AND RESERVES
Called up share capital 8 700 700
Retained earnings 1,547,182 1,452,368
SHAREHOLDERS' FUNDS 1,547,882 1,453,068

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 7 February 2024 and were signed on its behalf by:





Mr N Smillie - Director


CHR Estates Limited (Registered number: 00281565)

Notes to the Financial Statements
for the year ended 30 June 2023


1. STATUTORY INFORMATION

CHR Estates Limited is a private limited 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 company's principal place of business is Suite 2, 7 Victoria Avenue, Harrogate, HG1 1EQ.

The functional and presentation currency for the company is pound sterling (£). All financial information presented has been rounded to the nearest (£), unless otherwise stated.

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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about CHR Estates Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover in respect of property development is recognised once the sale has legally completed.Turnover in respect of rents receivable is recognised on an accruals basis. Turnover in respect of management charges receivable is recognised on an accruals basis.

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.
Freehold property refurbishment - 2% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Office equipment - 25% reducing balance
Motor vehicles - 20% on cost

Tangible fixed assets are recorded initially at cost.

Investments in subsidiaries
Investments in group undertakings are initially recorded at cost with consideration taken for any diminution in value which is expected to be permanent.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

CHR Estates Limited (Registered number: 00281565)

Notes to the Financial Statements - continued
for the year ended 30 June 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

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.

Operating lease agreements
Rentals applicable to operating leases where substantially all the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

CHR Estates Limited (Registered number: 00281565)

Notes to the Financial Statements - continued
for the year ended 30 June 2023


4. TANGIBLE FIXED ASSETS
Freehold Fixtures
property Plant and and
refurbishment machinery fittings
£ £ £
COST
At 1 July 2022 - - 1,500
Additions 19,229 - -
Disposals - - -
Reclassification/transfer - 1,500 (1,500 )
At 30 June 2023 19,229 1,500 -
DEPRECIATION
At 1 July 2022 - - 1,500
Charge for year 199 - -
Reclassification/transfer - 1,500 (1,500 )
At 30 June 2023 199 1,500 -
NET BOOK VALUE
At 30 June 2023 19,030 - -
At 30 June 2022 - - -

Motor Office
vehicles equipment Totals
£ £ £
COST
At 1 July 2022 15,000 599 17,099
Additions 99,695 - 118,924
Disposals (31,355 ) - (31,355 )
Reclassification/transfer - - -
At 30 June 2023 83,340 599 104,668
DEPRECIATION
At 1 July 2022 - 20 1,520
Charge for year 9,853 145 10,197
Reclassification/transfer - - -
At 30 June 2023 9,853 165 11,717
NET BOOK VALUE
At 30 June 2023 73,487 434 92,951
At 30 June 2022 15,000 579 15,579


CHR Estates Limited (Registered number: 00281565)

Notes to the Financial Statements - continued
for the year ended 30 June 2023


5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
At 1 July 2022 500
Disposals (100 )
At 30 June 2023 400
NET BOOK VALUE
At 30 June 2023 400
At 30 June 2022 500

At 30 June 2023 the company held shareholdings in the following subsidiaries, all of which are incorporated in England & Wales and share their registered office with this company.

Name Country of Class of Percentage Nature of
incorporation shares held business
CHR Developments (Two) Limited UK Ordinary £1 100% Residential
property
development
CHR Developments (Three) Limited UK Ordinary £1 100% Dormant
CHR Developments (Four) Limited UK Ordinary £1 100% Project
management

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 28,094 -
Amounts owed by group undertakings 1,953 721,058
Amounts owed by related undertakings 185,640 -
Other debtors 7,302,629 5,540,815
VAT 3,692 8,070
Prepayments and accrued income 833,869 424,088
8,355,877 6,694,031

CHR Estates Limited (Registered number: 00281565)

Notes to the Financial Statements - continued
for the year ended 30 June 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Other loans 300,000 3,257,966
Trade creditors 11,707 6,612
Amounts owed to group undertakings 2,484,265 2,404,800
Amounts owed to related undertakings 5,460,624 1,048,360
Tax 25,817 25,161
Social security and other taxes 1,463 -
Directors' current accounts 524,783 302,510
Accruals and deferred income 12,656 11,055
8,821,315 7,056,464

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
700 Ordinary £1 700 700

9. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.