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REGISTERED NUMBER: 08381858 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 October 2023

for

CHATLEIGH HOLDINGS LIMITED

CHATLEIGH HOLDINGS LIMITED (REGISTERED NUMBER: 08381858)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 OCTOBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CHATLEIGH HOLDINGS LIMITED

Company Information
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: D J Medlock
I C Bascombe
S J Medlock
R J Kupa





REGISTERED OFFICE: Suite 4 St George's Lodge
33 Oldfield Road
Bath
Somerset
BA2 3NE





REGISTERED NUMBER: 08381858 (England and Wales)





ACCOUNTANTS: Haines Watts
Bath House
6-8 Bath Street
Bristol
BS1 6HL

CHATLEIGH HOLDINGS LIMITED (REGISTERED NUMBER: 08381858)

Balance Sheet
31 OCTOBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investments 4 14,070,000 14,070,000

CURRENT ASSETS
Debtors 5 10,803,784 10,743,784

CREDITORS
Amounts falling due within one year 6 (10,200,000 ) (10,200,000 )
NET CURRENT ASSETS 603,784 543,784
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,673,784

14,613,784

CAPITAL AND RESERVES
Called up share capital 7 6,824,997 13,124,997
Capital redemption reserve 875,003 875,003
Retained earnings 6,973,784 613,784
SHAREHOLDERS' FUNDS 14,673,784 14,613,784

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.

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

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 30 July 2024 and were signed on its behalf by:




D J Medlock - Director


CHATLEIGH HOLDINGS LIMITED (REGISTERED NUMBER: 08381858)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 OCTOBER 2023


1. COMPANY INFORMATION

Chatleigh Holdings 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 company's principal activities during the year under review was that of a holding company for its group companies.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Preparation of consolidated financial statements
The financial statements contain information about Chatleigh Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

CHATLEIGH HOLDINGS LIMITED (REGISTERED NUMBER: 08381858)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


2. ACCOUNTING POLICIES - continued

Basic financial assets
Basic financial assets, which include trade and other debtors, amounts due from group undertakings and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities
Basic financial liabilities, including trade and other creditors and amounts due to group undertakings are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 2 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 November 2022
and 31 October 2023 14,070,000
NET BOOK VALUE
At 31 October 2023 14,070,000
At 31 October 2022 14,070,000

CHATLEIGH HOLDINGS LIMITED (REGISTERED NUMBER: 08381858)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 10,743,784 10,743,784
Prepayments and accrued income 60,000 -
10,803,784 10,743,784

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Shares classified as financial
liabilities 10,000,000 10,000,000
Accruals and deferred income 200,000 200,000
10,200,000 10,200,000

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
6,124,997 Ordinary A shares £1.00 6,124,997 6,124,997
7,000,000 Ordinary B shares £0.10 700,000 7,000,000
6,824,997 13,124,997

Ordinary A shares of £1 each are ordinary voting shares. On winding up or other distribution, the A shares will receive the first £16,000,000 of any surplus following payment to the preference shares.

Ordinary B shares of £0.10 each are non-voting shares. On winding up or other distribution, the B shares will receive any surplus available in excess of £16,000,000 following payment to the preference shares.

The directors may declare a dividend on one class of share but not the other and may declare a different dividend on each class of shares.

Preference shares of £1 each are redeemable, non-voting shares. On winding up or other distribution, the preference shares rank in priority to all other shares. The shares are redeemable by 60 days notice from either the company or shareholders.

The preference shares carry a coupon rate of 2% per annum.

The redeemable preference shares are classified as a liability.

8. RELATED PARTY DISCLOSURES

Chatleigh Limited is a wholly owned subsidiary company. There was no movement on the loan during the year. At the year end the company was due £10,743,784 (2022: £10,743,784) from Chatleigh Limited. The loan is interest free and has no set date of repayment.