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REGISTERED NUMBER: 13404850 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

SFE Chetwode Limited

SFE Chetwode Limited (Registered number: 13404850)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SFE Chetwode Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: W M Colacicchi
Ms B Cove
B O'Grady
M C C Samworth





REGISTERED OFFICE: Chetwode House
1 Samworth Way
Melton Mowbray
Leicestershire
LE13 1GA





REGISTERED NUMBER: 13404850 (England and Wales)





ACCOUNTANTS: Beaumont Chapman Limited
Foxhall Lodge
Foxhall Road
Nottingham
Nottinghamshire
NG7 6LH

SFE Chetwode Limited (Registered number: 13404850)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,810 9,022

CURRENT ASSETS
Debtors 5 597,315 306,030
Cash at bank 120,634 342,759
717,949 648,789
CREDITORS
Amounts falling due within one year 6 725,659 657,711
NET CURRENT LIABILITIES (7,710 ) (8,922 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

100

100

CAPITAL AND RESERVES
Called up share capital 100 100
100 100

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

SFE Chetwode Limited (Registered number: 13404850)

Balance Sheet - continued
31 December 2023


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 March 2024 and were signed on its behalf by:




M C C Samworth - Director



W M Colacicchi - Director


SFE Chetwode Limited (Registered number: 13404850)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

SFE Chetwode Limited is a private 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 10% on cost

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

SFE Chetwode Limited (Registered number: 13404850)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 9,549
DEPRECIATION
At 1 January 2023 527
Charge for year 1,212
At 31 December 2023 1,739
NET BOOK VALUE
At 31 December 2023 7,810
At 31 December 2022 9,022

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 597,215 305,930
Other debtors 100 100
597,315 306,030

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 17,452 3,178
Taxation and social security 106,404 53,286
Other creditors 601,803 601,247
725,659 657,711

SFE Chetwode Limited (Registered number: 13404850)

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

7. RELATED PARTY DISCLOSURES

During the year, the Company recharged administrative costs, services and office rent to a Director amounting to £39,693 (2022: £50,446). £24,694 (2022 £42,031) was owed by the Director to the Company at the year end.

During the year, the Company recharged administrative costs, services and office rent to the Private Trusts which control the Company amounting to £326,896 (2022: £71,463). £229,809 (2022: £61,502) was payable by the Private Trusts to the Company at the year end. The Private Trusts have made loans to the Company in the year amounting to £nil (2021 £600,000). £600,000 remains outstanding at the year end..

The Directors are designated members of a Limited Liability Partnership. During the year, the Company recharged administrative costs, services and office rent to the Limited Liability Partnership amounting to £108,087 (2022: £72,526). £66,448 (2022: £60,427) was payable by the Limited Liability Partnership to the Company at the year end.

The Directors are Trustees of a number of other Private Trusts. During the year, the Company recharged administrative costs, services and office rent to these Trusts amounting to £15,952 (2022: £12,997). £7,299 (2022: £11,979) was payable by the Trusts to the Company at the year end.

£101,887 (2022: £54,778 relating to recharges and office rent was charged to the Company by a Company with a common Director. £11,980 (2022: £2,073) was payable to the Company with the common Director by the Company at the year end.

8. ULTIMATE CONTROLLING PARTY

The directors regard the Trustees of a number of Private Trusts to be the ultimate controlling parties by virtue of their interest in the share capital of SFE Chetwode Limited.