IRIS Accounts Production v23.3.1.45 09503084 Board of Directors 1.4.22 31.3.23 31.3.23 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh095030842022-03-31095030842023-03-31095030842022-04-012023-03-31095030842021-03-31095030842021-04-012022-03-31095030842022-03-3109503084ns10:Originalns15:EnglandWales2022-04-012023-03-3109503084ns14:PoundSterlingns10:Original2022-04-012023-03-3109503084ns10:Originalns10:Director12022-04-012023-03-3109503084ns10:Original2022-04-012023-03-3109503084ns10:Original2023-03-3109503084ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3109503084ns10:Originalns10:SmallEntities2022-04-012023-03-3109503084ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3109503084ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3109503084ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3109503084ns10:Originalns10:FullAccounts2022-04-012023-03-3109503084ns10:Original2021-04-012022-03-3109503084ns10:Originalns10:Director22022-04-012023-03-3109503084ns10:Originalns10:RegisteredOffice2022-04-012023-03-3109503084ns10:Original2022-03-3109503084ns10:Originalns5:CurrentFinancialInstruments2023-03-3109503084ns10:Originalns5:CurrentFinancialInstruments2022-03-3109503084ns5:ShareCapitalns10:Original2023-03-3109503084ns5:ShareCapitalns10:Original2022-03-3109503084ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3109503084ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3109503084ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3109503084ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-31
REGISTERED NUMBER: 09503084 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2023

for

Chitale Property Services Limited

Chitale Property Services Limited (Registered number: 09503084)






Contents of the Financial Statements
for the Year Ended 31st March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Chitale Property Services Limited

Company Information
for the Year Ended 31st March 2023







DIRECTORS: P R Chitale
Mrs G Joshi





REGISTERED OFFICE: C/O OCG Accountants Ltd
Biz Hub Tees Valley
Belasis Hall Technology Park
Billingham
TS23 4EA





REGISTERED NUMBER: 09503084 (England and Wales)





ACCOUNTANTS: OCG Accountants Ltd
Biz Hub Tees Valley
Belasis Hall Technology Park
Coxwold Way
Billingham
Co. Durham
TS23 4EA

Chitale Property Services Limited (Registered number: 09503084)

Balance Sheet
31st March 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 3 56,556 42,939
Investments 4 12,500 12,500
Cash at bank and in hand 1,356 1,356
70,412 56,795
CREDITORS
Amounts falling due within one year 5 (56,938 ) (57,806 )
NET CURRENT ASSETS/(LIABILITIES) 13,474 (1,011 )
TOTAL ASSETS LESS CURRENT LIABILITIES 13,474 (1,011 )

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 13,372 (1,113 )
13,474 (1,011 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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 5th March 2024 and were signed on its behalf by:





P R Chitale - Director


Chitale Property Services Limited (Registered number: 09503084)

Notes to the Financial Statements
for the Year Ended 31st March 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
2023 2022
£    £   
Other debtors 56,556 42,939

4. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Other 12,500 12,500

Chitale Property Services Limited (Registered number: 09503084)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 3,940 -
Other creditors 52,998 57,806
56,938 57,806