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REGISTERED NUMBER: 05535879 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

CHIGLET LIMITED

CHIGLET LIMITED (REGISTERED NUMBER: 05535879)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CHIGLET LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTORS: M D E O'Driscoll
Ms R O'Connor
Ms P R O'Driscoll





REGISTERED OFFICE: 64 Nile Street
London
N17SR





REGISTERED NUMBER: 05535879 (England and Wales)





ACCOUNTANTS: Kingly Jones LLP
Chartered Accountants
414 Linen Hall
162-168 Regent Street
London
W1B 5TE

CHIGLET LIMITED (REGISTERED NUMBER: 05535879)

BALANCE SHEET
31 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,347 1,397
Investments 5 1 1
Investment property 6 1,218,576 1,218,576
1,219,924 1,219,974

CURRENT ASSETS
Debtors 7 36,811 40,166
Cash at bank 37,871 27,362
74,682 67,528
CREDITORS
Amounts falling due within one year 8 102,886 25,585
NET CURRENT (LIABILITIES)/ASSETS (28,204 ) 41,943
TOTAL ASSETS LESS CURRENT LIABILITIES 1,191,720 1,261,917

CREDITORS
Amounts falling due after more than one year 9 (45,057 ) (158,190 )

PROVISIONS FOR LIABILITIES (58,230 ) (44,255 )
NET ASSETS 1,088,433 1,059,472

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 11 382,041 382,041
Retained earnings 706,292 677,331
SHAREHOLDERS' FUNDS 1,088,433 1,059,472

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 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 D E O'Driscoll - Director


CHIGLET LIMITED (REGISTERED NUMBER: 05535879)

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

1. STATUTORY INFORMATION

Chiglet 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. 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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about Chiglet 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.

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 cost

Investments in associates
Investments in associate undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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 3 (2022 - 3 ) .

CHIGLET LIMITED (REGISTERED NUMBER: 05535879)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022 11,946
Additions 956
At 31 August 2023 12,902
DEPRECIATION
At 1 September 2022 10,549
Charge for year 1,006
At 31 August 2023 11,555
NET BOOK VALUE
At 31 August 2023 1,347
At 31 August 2022 1,397

5. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1 September 2022
and 31 August 2023 1
NET BOOK VALUE
At 31 August 2023 1
At 31 August 2022 1

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2022
and 31 August 2023 1,218,576
NET BOOK VALUE
At 31 August 2023 1,218,576
At 31 August 2022 1,218,576

The investment properties have been valued by the directors at 31 August 2023 at open market value.

Fair value at 31 August 2023 is represented by:
£   
Valuation in 2017 382,041
Cost 836,535
1,218,576

CHIGLET LIMITED (REGISTERED NUMBER: 05535879)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 36,811 40,166

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 21,000 12,922
Trade creditors - 109
Taxation and social security 14,568 3,655
Other creditors 67,318 8,899
102,886 25,585

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 45,057 158,190

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 100,303

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 66,057 171,112

The bank loans are secured by mortgage charges over certain investment properties.

11. RESERVES
Revaluation
reserve
£   
At 1 September 2022
and 31 August 2023 382,041

12. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.