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REGISTERED NUMBER: 08874529 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR


CHEDD INVESTMENTS LIMITED


CHEDD INVESTMENTS LIMITED (REGISTERED NUMBER: 08874529)



CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023











Page




Company Information  

1




Balance Sheet  

2




Notes to the Financial Statements  

4




Chartered Accountants' Report  

8




CHEDD INVESTMENTS LIMITED



COMPANY INFORMATION

FOR THE YEAR ENDED 31ST DECEMBER 2023









DIRECTORS:

J W Cunningham


A Hart


B G Edwards


D Dighton







SECRETARY:

D Dighton







REGISTERED OFFICE:

Russell House


140 High Street


Edgware


Middlesex


HA8 7LW







REGISTERED NUMBER:

08874529 (England and Wales)







ACCOUNTANTS:

MGR Paris Limited


Chartered Accountants


Russell House


140 High Street


Edgware


Middlesex


HA8 7LW


CHEDD INVESTMENTS LIMITED (REGISTERED NUMBER: 08874529)



BALANCE SHEET

31ST DECEMBER 2023



2023


2022


Notes

£   

£   


FIXED ASSETS

Investment property

4

-


3,200,000




CURRENT ASSETS

Debtors

5

18,882


155,277



Cash at bank

2,550,418


106,104



2,569,300


261,381



CREDITORS

Amounts falling due within one year

6

(356,150

)

(243,601

)


NET CURRENT ASSETS

2,213,150


17,780



TOTAL ASSETS LESS CURRENT

LIABILITIES

2,213,150


3,217,780




CREDITORS

Amounts falling due after more than one year

7

-


(412,896

)



PROVISIONS FOR LIABILITIES

8

-


(434,522

)


NET ASSETS

2,213,150


2,370,362




CAPITAL AND RESERVES

Called up share capital

9

100


100



Revaluation reserve

10

-


1,738,087



Retained earnings

10

2,213,050


632,175



SHAREHOLDERS' FUNDS

2,213,150


2,370,362




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


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


CHEDD INVESTMENTS LIMITED (REGISTERED NUMBER: 08874529)



BALANCE SHEET - continued

31ST DECEMBER 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 25th March 2024 and were signed on its behalf by:






D Dighton - Director



CHEDD INVESTMENTS LIMITED (REGISTERED NUMBER: 08874529)



NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023



1.

STATUTORY INFORMATION



CHEDD Investments 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.    



Turnover


Turnover represents rents receivable and lease premiums, excluding value added tax.



Investment property


In accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) no depreciation is provided in respect of freehold properties held as investments.



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.


Basis of preparation


Monetary amounts are rounded to the nearest pound.



Interest payable


Interest payable is charged to the profit and loss account on an accruals basis.



Financial assets and liabilities are offset , with the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously



Basic financial assets


Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction and where material are subsequently measured at amortised cost using the effective interest method, less any impairment.


CHEDD INVESTMENTS LIMITED (REGISTERED NUMBER: 08874529)



NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST DECEMBER 2023



2.

ACCOUNTING POLICIES - continued



Basic financial liabilities


Basic financial liabilities, including trade and other payables and loans from company undertakings that are classified as debt are initially measured at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at the market rate of interest .



Trade creditors are obligations to pay for goods or services that have been acquired that have been acquired in the ordinary course of business from suppliers. Accounts payables are classified as current liabilities if a payment is due within one year or less. If not, they are present as non current liabilities. Short term creditors are initially recognised at transaction price and where material are subsequently measured at amortised cost using the effective interest method



Cash and cash equivalents


Cash and cash equivalents  include cash in hand, deposits held at call with banks, other short term liquid investments with original maturities of three months or less.


3.

EMPLOYEES AND DIRECTORS



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


4.

INVESTMENT PROPERTY


Total

£   



FAIR VALUE


At 1st January 2023

3,200,000




Disposals

(2,800,000

)



Revaluations

(400,000

)



At 31st December 2023

-




NET BOOK VALUE


At 31st December 2023

-




At 31st December 2022

3,200,000





Investment Properties were valued on open market basis on 31st December 2022 by the director.


5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


2023

2022


£   

£   



Trade debtors

516


10,988




Other debtors

18,366


144,289



18,882


155,277




CHEDD INVESTMENTS LIMITED (REGISTERED NUMBER: 08874529)



NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST DECEMBER 2023



6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


2023

2022


£   

£   



Bank loans and overdrafts

-


64,448




Trade creditors

-


43,538




Taxation and social security

352,550


19,887




Other creditors

3,600


115,728



356,150


243,601




7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR


2023

2022


£   

£   



Bank loans

-


412,896





Amounts falling due in more than five years:



Repayable by instalments


Bank loans more 5 yr by instal

-


110,895




8.

PROVISIONS FOR LIABILITIES

2023

2022


£   

£   



Deferred tax

-


434,522





Deferred



tax


£   



Balance at 1st January 2023

434,522




Credit to Income Statement during year

(434,522

)



Balance at 31st December 2023

-




UK Deferred tax has been charged at 25%.

9.

CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:


Number:

Class:

Nominal

2023

2022



value:

£   

£   



1,000

Ordinary

£0.10

100


100




CHEDD INVESTMENTS LIMITED (REGISTERED NUMBER: 08874529)



NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST DECEMBER 2023



10.

RESERVES


Retained


Revaluation



earnings


reserve


Totals

£   

£   

£   




At 1st January 2023

632,175


1,738,087


2,370,262




Profit for the year

1,580,875


1,580,875




Revaluation reserve

-


(1,738,087

)

(1,738,087

)



At 31st December 2023

2,213,050


-


2,213,050




11.

RELATED PARTY DISCLOSURES



Fileturn Limited



A company owned by the same directors




During the period the following transactions occurred between the company and the related party.




2023


2022




£


£




Rents paid by the company


85,324


138,056



CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS

ON THE UNAUDITED FINANCIAL STATEMENTS OF

CHEDD INVESTMENTS LIMITED



The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.


In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of CHEDD Investments Limited for the year ended 31st December 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.


As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.  


This report is made solely to the Board of Directors of CHEDD Investments Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of CHEDD Investments Limited and state those matters that we have agreed to state to the Board of Directors of CHEDD Investments Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than CHEDD Investments Limited and its Board of Directors, as a body, for our work or for this report.      


It is your duty to ensure that CHEDD Investments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of CHEDD Investments Limited. You consider that CHEDD Investments Limited is exempt from the statutory audit requirement for the year.  


We have not been instructed to carry out an audit or a review of the financial statements of CHEDD Investments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.  







MGR Paris Limited

Chartered Accountants

Russell House

140 High Street

Edgware

Middlesex

HA8 7LW



25th March 2024