Company Registration No. 11681504 (England and Wales)
Chalks Property Ltd
Unaudited accounts
for the year ended 30 November 2023
Chalks Property Ltd
Unaudited accounts
Contents
Chalks Property Ltd
Company Information
for the year ended 30 November 2023
Company Number
11681504 (England and Wales)
Registered Office
28 THE MALTINGS
DUNMOW
ESSEX
CM6 1BY
UNITED KINGDOM
Accountants
Redbox Accountancy Limited
New Mead Barn
Wickham Hall, Hadham Road
Bishop's Stortford
Hertfordshire
CM23 1JG
Chalks Property Ltd
Statement of financial position
as at 30 November 2023
Tangible assets
19,823
470
Investment property
352,000
350,000
Cash at bank and in hand
7,446
10,201
Creditors: amounts falling due within one year
(634,975)
(622,074)
Net current (liabilities)/assets
(13,032)
10,624
Total assets less current liabilities
358,791
361,094
Creditors: amounts falling due after more than one year
(193,000)
(200,089)
Provisions for liabilities
Deferred tax
(11,991)
(11,611)
Net assets
153,800
149,394
Called up share capital
2
2
Profit and loss account
153,798
149,392
Shareholders' funds
153,800
149,394
For the year ending 30 November 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.
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 26 July 2024 and were signed on its behalf by
Adam Tindall
Director
Company Registration No. 11681504
Chalks Property Ltd
Notes to the Accounts
for the year ended 30 November 2023
Chalks Property Ltd is a private company, limited by shares, registered in England and Wales, registration number 11681504. The registered office is 28 THE MALTINGS, DUNMOW, ESSEX, CM6 1BY, UNITED KINGDOM.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Motor vehicles
25% reducing balance basis
Fixtures & fittings
25% reducing balance basis
Computer equipment
25% reducing balance basis
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.
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.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Investments in shares are included at fair value.
Chalks Property Ltd
Notes to the Accounts
for the year ended 30 November 2023
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 December 2022
-
292
989
1,281
Additions
25,960
-
-
25,960
At 30 November 2023
25,960
292
989
27,241
At 1 December 2022
-
200
611
811
Charge for the year
6,490
23
94
6,607
At 30 November 2023
6,490
223
705
7,418
At 30 November 2023
19,470
69
284
19,823
At 30 November 2022
-
92
378
470
Fair value at 1 December 2022
350,000
Net gain from fair value adjustments
2,000
At 30 November 2023
352,000
Amounts falling due after more than one year
Amounts due from group undertakings etc.
614,446
622,446
7
Investments held as current assets
2023
2022
Unlisted investments
51
51
8
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
38,333
43,333
Taxes and social security
-
703
Loans from directors
596,642
578,038
9
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
193,000
200,089
Chalks Property Ltd
Notes to the Accounts
for the year ended 30 November 2023
10
Average number of employees
During the year the average number of employees was 1 (2022: 1).