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REGISTERED NUMBER: 12743480 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

CHELSEA NEST LTD

CHELSEA NEST LTD (REGISTERED NUMBER: 12743480)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CHELSEA NEST LTD

COMPANY INFORMATION
for the Year Ended 31 October 2023







DIRECTORS: R T Neyn
A Uselli





REGISTERED OFFICE: Aruna House
2 Kings Road
Haslemere
Surrey
GU27 2QA





REGISTERED NUMBER: 12743480 (England and Wales)





ACCOUNTANTS: A & N (Haslemere) Limited
Aruna House
2 Kings Road
Haslemere
Surrey
GU27 2QA

CHELSEA NEST LTD (REGISTERED NUMBER: 12743480)

BALANCE SHEET
31 October 2023

31.10.23 31.10.22
Notes £    £   
CURRENT ASSETS
Debtors 3 3,234,383 873,852
Cash at bank 174,338 270,963
3,408,721 1,144,815
CREDITORS
Amounts falling due within one year 4 3,361,587 1,140,421
NET CURRENT ASSETS 47,134 4,394
TOTAL ASSETS LESS CURRENT
LIABILITIES

47,134

4,394

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 47,133 4,393
47,134 4,394

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.

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 4 March 2024 and were signed on its behalf by:





R T Neyn - Director


CHELSEA NEST LTD (REGISTERED NUMBER: 12743480)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2023

1. 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.

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.

2. EMPLOYEES AND DIRECTORS

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

3. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 1,588,436 586,123
Amounts owed by group undertakings 1,199,569 -
Student Control Accounts 446,378 287,729
3,234,383 873,852

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade creditors 1,545,281 551,836
Amounts owed to group undertakings - 49,999
Tax 11,054 12,781
Student deposit 11,532 9,818
Advance Sales booking 1,790,740 514,787
Accrued expenses 2,980 1,200
3,361,587 1,140,421