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REGISTERED NUMBER: 11028914 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

CHATTERJEE PROPERTIES LIMITED

CHATTERJEE PROPERTIES LIMITED (REGISTERED NUMBER: 11028914)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


CHATTERJEE PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: Dr S Chatterjee
Dr A Chatterjee



REGISTERED OFFICE: 11 Shelley Drive
Barrow in Furness
Cumbria
LA13 9UD



REGISTERED NUMBER: 11028914 (England and Wales)



BANKERS: HSBC Bank plc
104 Duke Street
Barrow in Furness
Cumbria
LA14 1LR

CHATTERJEE PROPERTIES LIMITED (REGISTERED NUMBER: 11028914)

ABRIDGED BALANCE SHEET
31 OCTOBER 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 565 -
Investment property 5 170,394 170,394
170,959 170,394

CURRENT ASSETS
Cash at bank 8,138 8,258

CREDITORS
Amounts falling due within one year 14,982 91,449
NET CURRENT LIABILITIES (6,844 ) (83,191 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

164,115

87,203

CREDITORS
Amounts falling due after more than one
year

6

152,434

79,863
NET ASSETS 11,681 7,340

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 11,679 7,338
SHAREHOLDERS' FUNDS 11,681 7,340

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

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

CHATTERJEE PROPERTIES LIMITED (REGISTERED NUMBER: 11028914)

ABRIDGED BALANCE SHEET - continued
31 OCTOBER 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 October 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 July 2024 and were signed on its behalf by:





Dr A Chatterjee - Director


CHATTERJEE PROPERTIES LIMITED (REGISTERED NUMBER: 11028914)

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

1. STATUTORY INFORMATION

Chatterjee Properties 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.

The financial statements have been prepared on the going concern basis the directors having agreed to continue to support the company.

Turnover
Turnover represents net invoiced rental income as adjusted for accrued income, excluding VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Investment property
All of the company's investment properties are held for long-term investment and are included in the Balance Sheet at cost which is a departure from Financial Reporting Standard 102.

Depreciation is not provided in respect of investment properties which is a departure from Financial Reporting Standard 102 the Companies Act 2006. Depreciation if provided would not have been of a material nature.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2022 1,779
Additions 843
At 31 October 2023 2,622
DEPRECIATION
At 1 November 2022 1,779
Charge for year 278
At 31 October 2023 2,057
NET BOOK VALUE
At 31 October 2023 565
At 31 October 2022 -

CHATTERJEE PROPERTIES LIMITED (REGISTERED NUMBER: 11028914)

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

5. INVESTMENT PROPERTY
Total
£   
COST
At 1 November 2022
and 31 October 2023 170,394
NET BOOK VALUE
At 31 October 2023 170,394
At 31 October 2022 170,394

All of the company's investment properties are held for long-term investment and are included in the Balance Sheet at cost which is a departure from Financial Reporting Standard 102.

Depreciation is not provided in respect of investment properties which is a departure from Financial Reporting Standard 102 the Companies Act 2006. Depreciation if provided would not have been of a material nature.

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31.10.23 31.10.22
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 40,163 48,696

7. SECURED DEBTS

The following secured debts are included within creditors:

31.10.23 31.10.22
£    £   
Bank loans 79,815 86,978

State Bank of India have a charge containing a negative pledge over 7 Cragg Street.
West Bromwich Commercial Limited have a charge containing a negative pledge over 85 West Road.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
2 Ordinary £1 2 2

9. RELATED PARTY DISCLOSURES

Dr A Chatterjee has advanced a loan to the company, as at 31st October 2023 the balance was £42,177 of this amount £40,000 is a longer term loan and will not be withdrawn within 12 months of the year end date.

(Prior year £40,397)

Dr S Chatterjee has advanced a loan to the company, as at 31st October 2023 the balance was £42,176 of this amount £40,000 is a longer term loan and will not be withdrawn within 12 months of the year end date.

(Prior year £40,396)

CHATTERJEE PROPERTIES LIMITED (REGISTERED NUMBER: 11028914)

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

10. ULTIMATE CONTROLLING PARTY

The company was under control of Dr A Chatterjee and Dr S Chatterjee.