Registered number
12321644
CHROBAK PROPERTY INVEST LTD
Filleted Accounts
30 November 2023
CHROBAK PROPERTY INVEST LTD
Registered number: 12321644
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 546,021 491,755
Current assets
Debtors 4 19,393 -
Cash at bank and in hand 267 -
19,660 -
Creditors: amounts falling due within one year 5 (47,166) (261,271)
Net current liabilities (27,506) (261,271)
Total assets less current liabilities 518,515 230,484
Creditors: amounts falling due after more than one year 6 (495,555) (216,557)
Net assets 22,960 13,927
Capital and reserves
Called up share capital 100 100
Profit and loss account 22,860 13,827
Shareholders' funds 22,960 13,927
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Pawel Chrobak
Director
Approved by the board on 31 January 2024
CHROBAK PROPERTY INVEST LTD
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings not depreciating
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 December 2022 491,755
Additions * 54,266
At 30 November 2023 546,021
Depreciation
At 30 November 2023 -
Net book value
At 30 November 2023 546,021
At 30 November 2022 491,755
* Additions include property refurbishments costs
4 Debtors 2023 2022
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 17,243 -
Other debtors, prepayments and deposits 2,150 -
19,393 -
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts - 22,170
Trade creditors 1,200 2,160
Amounts owed to group undertakings and undertakings in which the company has a participating interest 1,757 4,602
Taxation and social security costs 724 10,244
Other creditors, shareholders loan 43,485 222,095
47,166 261,271
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 495,555 216,557
7 Other information
CHROBAK PROPERTY INVEST LTD is a private company limited by shares and incorporated in England. Its registered office is:
9 Lyon Road
London
SW19 2RL
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