REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 OCTOBER 2023 |
FOR |
CHATTERJEE PROPERTIES LIMITED |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
BANKERS: |
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 |
Investment property | 5 |
CURRENT ASSETS |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
6 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 |
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 |
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 |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Computer equipment | - |
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 |
4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 November 2022 |
Additions |
At 31 October 2023 |
DEPRECIATION |
At 1 November 2022 |
Charge for year |
At 31 October 2023 |
NET BOOK VALUE |
At 31 October 2023 |
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 |
NET BOOK VALUE |
At 31 October 2023 |
At 31 October 2022 |
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 |
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: | £ | £ |
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. |