IRIS Accounts Production v23.4.0.336 09145231 Board of Directors 1.8.22 31.7.23 31.7.23 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh091452312022-07-31091452312023-07-31091452312022-08-012023-07-31091452312021-07-31091452312021-08-012022-07-31091452312022-07-3109145231ns15:EnglandWales2022-08-012023-07-3109145231ns14:PoundSterling2022-08-012023-07-3109145231ns10:Director12022-08-012023-07-3109145231ns10:PrivateLimitedCompanyLtd2022-08-012023-07-3109145231ns10:SmallEntities2022-08-012023-07-3109145231ns10:AuditExempt-NoAccountantsReport2022-08-012023-07-3109145231ns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3109145231ns10:SmallCompaniesRegimeForAccounts2022-08-012023-07-3109145231ns10:FullAccounts2022-08-012023-07-3109145231ns10:Director22022-08-012023-07-3109145231ns10:RegisteredOffice2022-08-012023-07-3109145231ns5:CurrentFinancialInstruments2023-07-3109145231ns5:CurrentFinancialInstruments2022-07-3109145231ns5:ShareCapital2023-07-3109145231ns5:ShareCapital2022-07-3109145231ns5:RetainedEarningsAccumulatedLosses2023-07-3109145231ns5:RetainedEarningsAccumulatedLosses2022-07-3109145231ns5:LongLeaseholdAssetsns5:LandBuildings2022-08-012023-07-3109145231ns5:LongLeaseholdAssetsns5:LandBuildings2022-07-3109145231ns5:LongLeaseholdAssetsns5:LandBuildings2023-07-3109145231ns5:LongLeaseholdAssetsns5:LandBuildings2022-07-3109145231ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-3109145231ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-07-31
REGISTERED NUMBER: 09145231 (England and Wales)
























CHAPMORE END PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023






CHAPMORE END PROPERTIES LIMITED (REGISTERED NUMBER: 09145231)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CHAPMORE END PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: A K Batty
J M Smith





REGISTERED OFFICE: Carleton House
15 Maltravers Street
Arundel
West Sussex
BN18 9AP





REGISTERED NUMBER: 09145231 (England and Wales)





ACCOUNTANTS: TC Group
6-7 Castle Gate
Castle Street
Hertford
Hertfordshire
SG14 1HD

CHAPMORE END PROPERTIES LIMITED (REGISTERED NUMBER: 09145231)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,999 10,434

CURRENT ASSETS
Debtors 5 8,830 10,538
Investments 6 1,098,635 1,098,635
Cash at bank 7,105 19,593
1,114,570 1,128,766
CREDITORS
Amounts falling due within one year 7 1,132,085 1,135,261
NET CURRENT LIABILITIES (17,515 ) (6,495 )
TOTAL ASSETS LESS CURRENT LIABILITIES (7,516 ) 3,939

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (7,616 ) 3,839
(7,516 ) 3,939

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 April 2024 and were signed on its behalf by:





J M Smith - Director


CHAPMORE END PROPERTIES LIMITED (REGISTERED NUMBER: 09145231)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023


1. STATUTORY INFORMATION

Chapmore End Properties 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.
Long leasehold - Straight line over the life of the lease

Grants received
Grants received are accounted for using the accrual model and are recognised in the profit and loss in the periods in which the related costs or expenses are recognised.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

3. EMPLOYEES AND DIRECTORS

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

CHAPMORE END PROPERTIES LIMITED (REGISTERED NUMBER: 09145231)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


4. TANGIBLE FIXED ASSETS
Long
leasehold
£   
COST
At 1 August 2022
and 31 July 2023 10,869
DEPRECIATION
At 1 August 2022 435
Charge for year 435
At 31 July 2023 870
NET BOOK VALUE
At 31 July 2023 9,999
At 31 July 2022 10,434

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 8,830 10,538

6. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Other investments 1,098,635 1,098,635

The two properties were originally purchased in 2015 for £1,090,634. The directors believe that the cost is similar to market value at the year end.

The Freehold of Nineveh House was purchased on 15 October 2021. The total costs were £1,380,209. On the same date a 999-year headlease was created. The freehold interest of the property subject to the 999-year lease was valued at £8,000 by Flude Property Consultants (RICS) on 21 May 2021.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security - 3,312
Other creditors 1,132,085 1,131,949
1,132,085 1,135,261

8. RELATED PARTY DISCLOSURES

During the year loans were received from the directors, J Smith and A Barry. There was no set repayment date and no interest was charged. The amount owed to the directors at the year end was £214,218 (2022 - £73,729) and £903,392 (2022: £903,392) respectively.

The company purchased the Freehold of Nineveh House in 2022. Included in this transaction was the creation of a 999-year headlease which was bought by A Batty's SIPP (A Batty is the director of the company) for £1,311,288. The SIPP has sublet the property back to Chapmore End Properties Limited for 25 years at £67,500 per annum. These transactions are all at market value.

CHAPMORE END PROPERTIES LIMITED (REGISTERED NUMBER: 09145231)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


9. ULTIMATE CONTROLLING PARTY

During the year, A Batty and J Smith, the directors, controlled the company by virtue of a controlling interest of 100% of the issued ordinary share capital.

10. GOING CONCERN

The directors recognise that the company has an insolvent balance sheet and confirm that they will continue to support the company personally until it is in a solvent position again.