Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-311true12022-11-01falseNo description of principal activitytrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08723580 2022-11-01 2023-10-31 08723580 2021-11-01 2022-10-31 08723580 2023-10-31 08723580 2022-10-31 08723580 c:CompanySecretary1 2022-11-01 2023-10-31 08723580 c:Director1 2022-11-01 2023-10-31 08723580 c:RegisteredOffice 2022-11-01 2023-10-31 08723580 d:MotorVehicles 2022-11-01 2023-10-31 08723580 d:MotorVehicles 2023-10-31 08723580 d:MotorVehicles 2022-10-31 08723580 d:FurnitureFittings 2022-11-01 2023-10-31 08723580 d:FurnitureFittings 2023-10-31 08723580 d:FurnitureFittings 2022-10-31 08723580 d:CurrentFinancialInstruments 2023-10-31 08723580 d:CurrentFinancialInstruments 2022-10-31 08723580 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 08723580 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 08723580 d:ShareCapital 2023-10-31 08723580 d:ShareCapital 2022-10-31 08723580 d:RetainedEarningsAccumulatedLosses 2023-10-31 08723580 d:RetainedEarningsAccumulatedLosses 2022-10-31 08723580 c:FRS102 2022-11-01 2023-10-31 08723580 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 08723580 c:FullAccounts 2022-11-01 2023-10-31 08723580 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 08723580 2 2022-11-01 2023-10-31 08723580 e:PoundSterling 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure
Registered number: 08723580








CHELSEA CHARTERS LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

 
CHELSEA CHARTERS LTD
 

COMPANY INFORMATION


DIRECTOR
G. White 




COMPANY SECRETARY
G. White



REGISTERED NUMBER
08723580



REGISTERED OFFICE
135 Ladywell Lodge
135 Dressington Avenue

London

SE4 1JQ





 
CHELSEA CHARTERS LTD
 

CONTENTS



Page
Balance Sheet
 
1
Notes to the Financial Statements
 
2 - 5


 
CHELSEA CHARTERS LTD
REGISTERED NUMBER: 08723580

BALANCE SHEET
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

Current assets
  

Debtors
 5 
2,273
2,803

Cash at bank and in hand
  
10,878
13,665

  
13,151
16,468

Creditors: amounts falling due within one year
 6 
(343,711)
(340,910)

Net liabilities
  
 
 
(330,560)
 
 
(324,442)


Capital and reserves
  

Allotted, called up and fully paid share capital
  
1
1

Profit and loss account
  
(330,561)
(324,443)

Equity shareholder's deficit
  
(330,560)
(324,442)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the Director's Report and the Statement of Income and Retained Earnings in accordance with provisions applicable to companies subject to the small companies regime, under section 444 of the Companies Act 2006.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 30 July 2024.




G. White
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
CHELSEA CHARTERS LTD
 

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

1.


General information

Chelsea Charters Ltd (registered number: 08723580), having its registered office and principal place of business at 135 Ladywell Lodge, 135 Dressington Avenue, London, SE4 1JQ, is a private limited company incorporated in England and Wales.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

  
2.2

Going concern

The Company is dependent on the support of its sole director and shareholder. Although the Company had net liabilities at the Balance Sheet date of £330,560 (2022: £324,442), since the director has confirmed that he will continue to support the Company for the foreseeable future (and for at least twelve months from the approval of the financial statements), he feels it is appropriate to prepare the accounts on the going concern basis.

  
2.3

Statement of Cash Flows

The Company has taken advantage of the exemption in Financial Reporting Standard 102, Section 1A.7 from the requirement to produce a Statement of Cash Flows on the grounds that it is a small company.

 
2.4

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.5

Interest income

Interest income is recognised in the Statement of Income and Retained Earnings using the effective interest method.

Page 2

 
CHELSEA CHARTERS LTD
 

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

2.Accounting policies (continued)

  
2.6

Taxation

Tax is recognised in the Statement of Income and Retained Earnings.
The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date in the countries where the Company operates and generates income.
Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Assets are depreciated on the following basis:

Boat
-
Over five years
Fixtures and fittings
-
Over four years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income and Retained Earnings.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
Page 3

 
CHELSEA CHARTERS LTD
 

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

2.Accounting policies (continued)

 
2.10

Creditors

Short-term creditors are measured at the transaction price.

 
2.11

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.
Debt instruments that are payable or receivable within one year, typically trade creditors and debtors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Tangible fixed assets





Boat
Fixtures and fittings
Total

£
£
£



Cost


At 1 November 2022 and 31 October 2023
301,605
7,169
308,774



Depreciation


At 1 November 2022 and 31 October 2023
301,605
7,169
308,774



Net book value



At 31 October 2023
-
-
-



At 31 October 2022
-
-
-

Page 4

 
CHELSEA CHARTERS LTD
 

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

5.


Debtors

2023
2022
£
£

Due within one year

Other debtors
1,193
1,362

Prepayments and accrued income
1,080
1,441

2,273
2,803



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
1,222
-

Other creditors
341,139
339,785

Accruals and deferred income
1,350
1,125

343,711
340,910



7.


Related party balances

Included within other creditors are amounts due to key management personnel of the Company of £341,139 (2022: £339,785).


Page 5