Company registration number 07545533 (England and Wales)
CHATAWAY RESIDENTIAL HOME LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
CHATAWAY RESIDENTIAL HOME LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
CHATAWAY RESIDENTIAL HOME LIMITED
BALANCE SHEET
AS AT
31 MARCH 2023
31 March 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Intangible assets
3
234,000
234,000
Tangible assets
4
174,633
152,947
408,633
386,947
Current assets
Debtors
8,593
10,793
Cash at bank and in hand
73,827
97,474
82,420
108,267
Creditors: amounts falling due within one year
5
(33,295)
(38,385)
Net current assets
49,125
69,882
Total assets less current liabilities
457,758
456,829
Creditors: amounts falling due after more than one year
7
(21,667)
(31,667)
Net assets
436,091
425,162
Capital and reserves
Called up share capital
8
100
100
Profit and loss reserves
435,991
425,062
Total equity
436,091
425,162

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

CHATAWAY RESIDENTIAL HOME LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2023
31 March 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 2 February 2024 and are signed on its behalf by:
Mrs Mina Dhorajiwala
Mrs Sarita Vekaria
Director
Director
Company registration number 07545533 (England and Wales)
CHATAWAY RESIDENTIAL HOME LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
- 3 -
1
Accounting policies
Company information

Chataway Residential Home Limited is a private company limited by shares incorporated in England and Wales. The registered office is 134 Buckingham Palace Road, London, SW1W 9SA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents amounts receivable for goods and services.

1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

 

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
25% Reducing balance method and over 10 years
Computer equipment
25% Reducing balance method
1.5
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

CHATAWAY RESIDENTIAL HOME LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
17
16
3
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2022 and 31 March 2023
234,000
Amortisation and impairment
At 1 April 2022 and 31 March 2023
-
0
Carrying amount
At 31 March 2023
234,000
At 31 March 2022
234,000
4
Tangible fixed assets
Fixtures, fittings & equipment
Computer equipment
Total
£
£
£
Cost
At 1 April 2022
171,901
3,519
175,420
Additions
40,000
-
0
40,000
At 31 March 2023
211,901
3,519
215,420
Depreciation and impairment
At 1 April 2022
20,368
2,104
22,472
Depreciation charged in the year
17,961
353
18,314
At 31 March 2023
38,329
2,457
40,786
Carrying amount
At 31 March 2023
173,572
1,062
174,634
At 31 March 2022
151,533
1,415
152,948
CHATAWAY RESIDENTIAL HOME LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 5 -
5
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
6
10,000
10,000
Taxation and social security
(4,205)
5,885
Accruals and deferred income
27,500
22,500
33,295
38,385
6
Loans and overdrafts
2023
2022
£
£
Bank loans
31,667
41,667
Payable within one year
10,000
10,000
Payable after one year
21,667
31,667
7
Creditors: amounts falling due after more than one year
2023
2022
Notes
£
£
Bank loans and overdrafts
6
21,667
31,667
8
Called up share capital
2023
2022
£
£
Ordinary share capital
Issued and fully paid
100 Ordinary shares of 1 each
100
100
9
Control

The company was under the control of it's director during the year under review.

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