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REGISTERED NUMBER: 03317845 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

CHASECAST DEVELOPMENTS LIMITED

CHASECAST DEVELOPMENTS LIMITED (REGISTERED NUMBER: 03317845)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


CHASECAST DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: Mrs M Bobbe





SECRETARY: Ms P S Raven





REGISTERED OFFICE: Aston House
Cornwall Avenue
London
N3 1LF





REGISTERED NUMBER: 03317845 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

CHASECAST DEVELOPMENTS LIMITED (REGISTERED NUMBER: 03317845)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2023

31.3.23 31.3.22
Notes £    £   
FIXED ASSETS
Tangible assets 5 46 302
Investments 6 11,097,128 11,097,128
11,097,174 11,097,430

CURRENT ASSETS
Debtors 7 1,458,976 1,446,384
Cash at bank and in hand 65,665 23,905
1,524,641 1,470,289
CREDITORS
Amounts falling due within one year 8 (1,004,256 ) (980,756 )
NET CURRENT ASSETS 520,385 489,533
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,617,559

11,586,963

CAPITAL AND RESERVES
Called up share capital 9 100 100
Share premium 10 11,097,087 11,097,087
Retained earnings 10 520,372 489,776
SHAREHOLDERS' FUNDS 11,617,559 11,586,963

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

CHASECAST DEVELOPMENTS LIMITED (REGISTERED NUMBER: 03317845)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 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 and authorized for issue by the director and authorised for issue on 19 April 2024 and were signed by:





Mrs M Bobbe - Director


CHASECAST DEVELOPMENTS LIMITED (REGISTERED NUMBER: 03317845)

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

1. STATUTORY INFORMATION

Chasecast Developments 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Chasecast Developments Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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 - 15% on reducing balance

Investments in subsidiaries and associates
Investments in subsidiary and associate undertakings are recognised at 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4. EMPLOYEES AND DIRECTORS

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

CHASECAST DEVELOPMENTS LIMITED (REGISTERED NUMBER: 03317845)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 April 2022
and 31 March 2023 1,533
DEPRECIATION
At 1 April 2022 1,231
Charge for year 256
At 31 March 2023 1,487
NET BOOK VALUE
At 31 March 2023 46
At 31 March 2022 302

6. FIXED ASSET INVESTMENTS
Shares in Interest
group in
undertakings associate Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 11,097,088 40 11,097,128
NET BOOK VALUE
At 31 March 2023 11,097,088 40 11,097,128
At 31 March 2022 11,097,088 40 11,097,128

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Amounts owed by group undertakings 318,492 402,836
Other debtors 1,140,484 1,043,548
1,458,976 1,446,384

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Amounts owed to group undertakings 1,002,257 978,757
Other creditors 1,999 1,999
1,004,256 980,756

CHASECAST DEVELOPMENTS LIMITED (REGISTERED NUMBER: 03317845)

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

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 April 2022 489,776 11,097,087 11,586,863
Profit for the year 30,596 30,596
At 31 March 2023 520,372 11,097,087 11,617,459