Silverfin false false 31/07/2023 07/07/2022 31/07/2023 Mr Nicholas James Watkins 07/07/2022 22 January 2024 The principal activity of the Company during the financial period was Real estate agency. 14220333 2023-07-31 14220333 bus:Director1 2023-07-31 14220333 core:CurrentFinancialInstruments 2023-07-31 14220333 core:ShareCapital 2023-07-31 14220333 core:RetainedEarningsAccumulatedLosses 2023-07-31 14220333 core:OfficeEquipment 2022-07-06 14220333 core:ComputerEquipment 2022-07-06 14220333 2022-07-06 14220333 core:OfficeEquipment 2023-07-31 14220333 core:ComputerEquipment 2023-07-31 14220333 2022-07-07 2023-07-31 14220333 bus:FilletedAccounts 2022-07-07 2023-07-31 14220333 bus:SmallEntities 2022-07-07 2023-07-31 14220333 bus:AuditExemptWithAccountantsReport 2022-07-07 2023-07-31 14220333 bus:PrivateLimitedCompanyLtd 2022-07-07 2023-07-31 14220333 bus:Director1 2022-07-07 2023-07-31 14220333 core:OfficeEquipment 2022-07-07 2023-07-31 14220333 core:ComputerEquipment 2022-07-07 2023-07-31 iso4217:GBP xbrli:pure

Company No: 14220333 (England and Wales)

CHESTER LAND AND DEVELOPMENT LIMITED

Unaudited Financial Statements
For the financial period from 07 July 2022 to 31 July 2023
Pages for filing with the registrar

CHESTER LAND AND DEVELOPMENT LIMITED

Unaudited Financial Statements

For the financial period from 07 July 2022 to 31 July 2023

Contents

CHESTER LAND AND DEVELOPMENT LIMITED

BALANCE SHEET

As at 31 July 2023
CHESTER LAND AND DEVELOPMENT LIMITED

BALANCE SHEET (continued)

As at 31 July 2023
Note 31.07.2023
£
Fixed assets
Tangible assets 3 2,291
2,291
Current assets
Debtors 4 233,058
Cash at bank and in hand 26,311
259,369
Creditors: amounts falling due within one year 5 ( 80,634)
Net current assets 178,735
Total assets less current liabilities 181,026
Provision for liabilities ( 573)
Net assets 180,453
Capital and reserves
Called-up share capital 100
Profit and loss account 180,353
Total shareholders' funds 180,453

For the financial period ending 31 July 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Chester Land and Development Limited (registered number: 14220333) were approved and authorised for issue by the Director on 22 January 2024. They were signed on its behalf by:

Mr Nicholas James Watkins
Director
CHESTER LAND AND DEVELOPMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 07 July 2022 to 31 July 2023
CHESTER LAND AND DEVELOPMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 07 July 2022 to 31 July 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Chester Land and Development Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom. The principal place of business is 85 Bournemouth Road, Poole, Dorset, BH14 0ER..

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.
Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a basis over its expected useful life, as follows:

Office equipment 25 % reducing balance
Computer equipment 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

Period from
07.07.2022 to
31.07.2023
Number
Monthly average number of persons employed by the Company during the period, including the director 2

3. Tangible assets

Office equipment Computer equipment Total
£ £ £
Cost
At 07 July 2022 0 0 0
Additions 909 1,860 2,769
At 31 July 2023 909 1,860 2,769
Accumulated depreciation
At 07 July 2022 0 0 0
Charge for the financial period 117 361 478
At 31 July 2023 117 361 478
Net book value
At 31 July 2023 792 1,499 2,291

4. Debtors

31.07.2023
£
Trade debtors 6,000
Other debtors 227,058
233,058

5. Creditors: amounts falling due within one year

31.07.2023
£
Trade creditors 38
Accruals 1,500
Corporation tax 67,817
Other taxation and social security 11,279
80,634

6. Related party transactions

Transactions with the entity's director

31.07.2023
£
Advnace to director 227,018

Interest at the rate of 2% is charged on overdrawn loan amount.
The directors loan accounts was repaid within 9 months of the year end.