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REGISTERED NUMBER: SC510829 (Scotland)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Central Chalets Limited

Central Chalets Limited (Registered number: SC510829)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Central Chalets Limited

Company Information
for the Year Ended 31 July 2023







DIRECTOR: T J Hunter





SECRETARY:





REGISTERED OFFICE: Vikdal
Wadbister
Girlsta
Shetland
ZE2 9SQ





REGISTERED NUMBER: SC510829 (Scotland)





ACCOUNTANTS: Jim Clark Accountancy Ltd
6 West Hillcrest
Upper Sound
Lerwick
Shetland
ZE1 0JZ

Central Chalets Limited (Registered number: SC510829)

Abridged Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,493 7,438

CURRENT ASSETS
Debtors 1,728 3,444
Cash at bank 27,030 15
28,758 3,459
CREDITORS
Amounts falling due within one year 17,539 9,052
NET CURRENT ASSETS/(LIABILITIES) 11,219 (5,593 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,712

1,845

PROVISIONS FOR LIABILITIES 211 277
NET ASSETS 17,501 1,568

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 17,500 1,567
17,501 1,568

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

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

Central Chalets Limited (Registered number: SC510829)

Abridged Balance Sheet - continued
31 July 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 July 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 23 April 2024 and were signed by:





T J Hunter - Director


Central Chalets Limited (Registered number: SC510829)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Central Chalets Limited is a private company, limited by shares , registered in Scotland. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property - 10% reducing balance
Fixtures,fittings & equipment - 25% reducing balance

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.

3. EMPLOYEES AND DIRECTORS

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

Central Chalets Limited (Registered number: SC510829)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2022 19,583
Additions 10,295
Disposals (10,295 )
At 31 July 2023 19,583
DEPRECIATION
At 1 August 2022 12,145
Charge for year 945
At 31 July 2023 13,090
NET BOOK VALUE
At 31 July 2023 6,493
At 31 July 2022 7,438