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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
Page
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Chalks Property Ltd Company Information for the year ended 30 November 2023
Director
Adam Tindall
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
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Chalks Property Ltd Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
19,823 
470 
Investment property
352,000 
350,000 
371,823 
350,470 
Current assets
Debtors
614,446 
622,446 
Investments
51 
51 
Cash at bank and in hand
7,446 
10,201 
621,943 
632,698 
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 
Capital and reserves
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
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Chalks Property Ltd Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
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.
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.
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
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
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.
Pension 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
Investments in shares are included at fair value.
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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 
Depreciation
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 
Net book value
At 30 November 2023
19,470 
69 
284 
19,823 
At 30 November 2022
- 
92 
378 
470 
5
Investment property
2023 
£ 
Fair value at 1 December 2022
350,000 
Net gain from fair value adjustments
2,000 
At 30 November 2023
352,000 
6
Debtors
2023 
2022 
£ 
£ 
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 
634,975 
622,074 
9
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
193,000 
200,089 
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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).
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