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REGISTERED NUMBER: 10815824 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

CHM DEVELOPMENTS LTD

CHM DEVELOPMENTS LTD (REGISTERED NUMBER: 10815824)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


CHM DEVELOPMENTS LTD (REGISTERED NUMBER: 10815824)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £ £
FIXED ASSETS
Tangible assets 4 - 189,015

CURRENT ASSETS
Debtors: amounts falling due within one
year

5

300,114

111,171
Prepayments and accrued income 10,960 6,944
Cash at bank and in hand 110,271 27,727
421,345 145,842
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

6

(232,374

)

(155,013

)
NET CURRENT ASSETS/(LIABILITIES) 188,971 (9,171 )
TOTAL ASSETS LESS CURRENT LIABILITIES 188,971 179,844

CREDITORS: AMOUNTS FALLING DUE AFTER
MORE THAN ONE YEAR

7

(33,356

)

(61,830

)
NET ASSETS 155,615 118,014

CAPITAL AND RESERVES
Called up share capital 101 100
Retained earnings 155,514 117,914
155,615 118,014

CHM DEVELOPMENTS LTD (REGISTERED NUMBER: 10815824)

BALANCE SHEET - continued
30 JUNE 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 29 March 2024 and were signed by:





C H Mitchell - Director


CHM DEVELOPMENTS LTD (REGISTERED NUMBER: 10815824)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

CHM Developments Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10815824

Registered office: The Stables
Goblands Farm Business Centre
Cemetery Lane
Hadlow
Kent
TN11 0LT

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.

Income recognition
Turnover represents the fair value of consideration received or receivable derived from the rendering of services to customers during the year (excluding value added tax) and is recognised when the company becomes entitled to it, usually on the rendering of an invoice.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Financial instruments
The company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

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.


CHM DEVELOPMENTS LTD (REGISTERED NUMBER: 10815824)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 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 9 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£ £ £
COST
At 1 July 2022 183,221 162,080 345,301
Additions 15,855 31,478 47,333
Disposals (199,076 ) (193,558 ) (392,634 )
At 30 June 2023 - - -
DEPRECIATION
At 1 July 2022 73,736 82,550 156,286
Eliminated on disposal (73,736 ) (82,550 ) (156,286 )
At 30 June 2023 - - -
NET BOOK VALUE
At 30 June 2023 - - -
At 30 June 2022 109,485 79,530 189,015

CHM DEVELOPMENTS LTD (REGISTERED NUMBER: 10815824)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 86,014 52,857
Amounts recoverable on
contracts - 32,000
Other debtors 214,100 26,314
300,114 111,171

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 9,996 9,787
Hire purchase contracts 19,032 20,017
Trade creditors 64,875 74,646
Taxation and social security 95,232 7,369
Other creditors 43,239 43,194
232,374 155,013

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£ £
Bank loans 20,635 30,631
Hire purchase contracts 12,721 31,754
Other creditors - (555 )
33,356 61,830