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REGISTERED NUMBER: 03574377 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

CHASE HOUSE LIMITED

CHASE HOUSE LIMITED (REGISTERED NUMBER: 03574377)

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










Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


CHASE HOUSE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







Directors: D Ghanema
Dr N Hammadieh





Registered office: Chase House
House Lane
Arlesey
Bedfordshire
SG15 6YA





Registered number: 03574377 (England and Wales)





Accountants: Athos Business Solutions Limited
1623 Warwick Road
Knowle
Solihull
West Midlands
B93 9LF

CHASE HOUSE LIMITED (REGISTERED NUMBER: 03574377)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 508,792 522,695
508,792 522,695

CURRENT ASSETS
Stocks 5,925 6,150
Debtors 6 279,032 280,507
Cash at bank and in hand 118,535 149,230
403,492 435,887
CREDITORS
Amounts falling due within one year 7 348,336 282,883
NET CURRENT ASSETS 55,156 153,004
TOTAL ASSETS LESS CURRENT
LIABILITIES

563,948

675,699

PROVISIONS FOR LIABILITIES 15,140 18,097
NET ASSETS 548,808 657,602

CAPITAL AND RESERVES
Called up share capital 11,000 11,000
Share premium 622,180 622,180
Retained earnings (84,372 ) 24,422
548,808 657,602

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

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

CHASE HOUSE LIMITED (REGISTERED NUMBER: 03574377)

BALANCE SHEET - continued
31 MAY 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 10 January 2024 and were signed on its behalf by:





Dr N Hammadieh - Director


CHASE HOUSE LIMITED (REGISTERED NUMBER: 03574377)

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


1. STATUTORY INFORMATION

Chase House 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% Straight line
Improvements to property - 10% on cost
Plant and machinery - 20% on reducing balance
Fixtures & Fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


CHASE HOUSE LIMITED (REGISTERED NUMBER: 03574377)

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


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 89 (2022 - 75 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
Cost
At 1 June 2022
and 31 May 2023 190,000
Amortisation
At 1 June 2022
and 31 May 2023 190,000
Net book value
At 31 May 2023 -
At 31 May 2022 -

CHASE HOUSE LIMITED (REGISTERED NUMBER: 03574377)

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


5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
Cost
At 1 June 2022 720,000 953,645 277,190
Additions - - 9,810
At 31 May 2023 720,000 953,645 287,000
Depreciation
At 1 June 2022 331,200 901,902 254,751
Charge for year 14,400 8,701 4,815
At 31 May 2023 345,600 910,603 259,566
Net book value
At 31 May 2023 374,400 43,042 27,434
At 31 May 2022 388,800 51,743 22,439

Fixtures Motor Computer
& Fittings vehicles equipment Totals
£    £    £    £   
Cost
At 1 June 2022 116,820 41,369 13,571 2,122,595
Additions 16,088 - 1,620 27,518
At 31 May 2023 132,908 41,369 15,191 2,150,113
Depreciation
At 1 June 2022 66,500 34,053 11,494 1,599,900
Charge for year 9,199 1,830 2,476 41,421
At 31 May 2023 75,699 35,883 13,970 1,641,321
Net book value
At 31 May 2023 57,209 5,486 1,221 508,792
At 31 May 2022 50,320 7,316 2,077 522,695

CHASE HOUSE LIMITED (REGISTERED NUMBER: 03574377)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 111,651 121,520
Other debtors 167,381 158,987
279,032 280,507

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 268,543 139,462
Taxation and social security 65,041 69,566
Other creditors 14,752 73,855
348,336 282,883