1 November 2022 false No description of principal activity Taxfiler 2024.4 09879200business:PrivateLimitedCompanyLtd2022-11-012023-10-31 098792002022-10-31 098792002022-11-012023-10-31 09879200business:AuditExemptWithAccountantsReport2022-11-012023-10-31 09879200business:AbridgedAccounts2022-11-012023-10-31 098792002023-10-31 09879200business:Director12022-11-012023-10-31 09879200business:RegisteredOffice2022-11-012023-10-31 098792002022-10-31 09879200core:WithinOneYear2023-10-31 09879200core:WithinOneYear2022-10-31 09879200core:AfterOneYear2023-10-31 09879200core:AfterOneYear2022-10-31 09879200core:ShareCapitalcore:PreviouslyStatedAmount2023-10-31 09879200core:ShareCapitalcore:PreviouslyStatedAmount2022-10-31 09879200core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-10-31 09879200core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-10-31 09879200core:PreviouslyStatedAmount2023-10-31 09879200core:PreviouslyStatedAmount2022-10-31 09879200business:SmallEntities2022-11-012023-10-31 09879200countries:EnglandWales2022-11-012023-10-31 09879200core:FurnitureFittings2022-11-012023-10-31 09879200business:OrdinaryShareClass12022-11-012023-10-31 09879200business:OrdinaryShareClass12021-11-012022-10-31 098792002021-11-012022-10-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 09879200 (England and Wales)
Chain Properties Limited Unaudited accounts for the year ended 31 October 2023
Chain Properties Limited Unaudited accounts Contents
Page
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Chain Properties Limited Company Information for the year ended 31 October 2023
Director
Meir Goldberg
Company Number
09879200 (England and Wales)
Registered Office
69 Ferndale Road London N15 6UG England
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Chain Properties Limited Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,067 
3,358 
Investment property
966,900 
966,900 
970,967 
970,258 
Current assets
Debtors
947,182 
1,284,675 
Cash at bank and in hand
5,833 
31,880 
953,015 
1,316,555 
Creditors: amounts falling due within one year
(427,715)
(775,618)
Net current assets
525,300 
540,937 
Total assets less current liabilities
1,496,267 
1,511,195 
Creditors: amounts falling due after more than one year
(853,374)
(862,374)
Provisions for liabilities
Deferred tax
(12,580)
(12,580)
Net assets
630,313 
636,241 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
630,311 
636,239 
Shareholders' funds
630,313 
636,241 
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 July 2024 and were signed on its behalf by
Meir Goldberg Director Company Registration No. 09879200
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Chain Properties Limited Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Chain Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 09879200. The registered office is 69 Ferndale Road, London, N15 6UG, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% reducing balance basis.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Chain Properties Limited Notes to the Accounts for the year ended 31 October 2023
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 November 2022
9,095 
Additions
1,726 
At 31 October 2023
10,821 
Depreciation
At 1 November 2022
5,737 
Charge for the year
1,017 
At 31 October 2023
6,754 
Net book value
At 31 October 2023
4,067 
At 31 October 2022
3,358 
5
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
6
Transactions with related parties
Included within debtors are amounts aggregating to £690,020 (2022: £663,000) due from companies with directors in common with this company. Included within creditors are amounts aggregating to £140,711 (2022: £112,711) due to companies with directors in common with this company.
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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