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REGISTERED NUMBER: 02930974 (England and Wales)















Garland Chesterton Properties Limited

Unaudited Financial Statements

for the Year Ended 30 November 2023






Garland Chesterton Properties Limited (Registered number: 02930974)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 3


Garland Chesterton Properties Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: R D Channon



REGISTERED OFFICE: 4 King Square
Bridgwater
Somerset
TA6 3YF



REGISTERED NUMBER: 02930974 (England and Wales)



ACCOUNTANTS: Maxwells
Chartered Accountants
4 King Square
Bridgwater
Somerset
TA6 3YF



BANKERS: National Westminster Bank plc
30 High Street
Chippenham
Wiltshire
SN15 3HB

Garland Chesterton Properties Limited (Registered number: 02930974)

Abridged Statement of Financial Position
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 176,303 176,303

CURRENT ASSETS
Debtors 97,998 100,248
Cash at bank 8,250 7,015
106,248 107,263
CREDITORS
Amounts falling due within one year 9,959 15,145
NET CURRENT ASSETS 96,289 92,118
TOTAL ASSETS LESS CURRENT
LIABILITIES

272,592

268,421

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 272,491 268,320
SHAREHOLDERS' FUNDS 272,592 268,421

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Statement of Comprehensive Income and an abridged Statement of Financial Position for the year ended 30 November 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 June 2024 and were signed by:



R D Channon - Director


Garland Chesterton Properties Limited (Registered number: 02930974)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Garland Chesterton Properties 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.

2. STATEMENT OF COMPLIANCE

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

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared in accordance with applicable accounting standards and estimation techniques, except for certain fixed asset categories for which there is a policy of revaluation. Profits or losses arising on the disposal of items stated at valuation are determined by reference to the difference between the carrying amount and the net sale proceeds.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - in accordance with the property
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Investment properties are included at their open market value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Garland Chesterton Properties Limited (Registered number: 02930974)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2022
and 30 November 2023 187,441
DEPRECIATION
At 1 December 2022
and 30 November 2023 11,138
NET BOOK VALUE
At 30 November 2023 176,303
At 30 November 2022 176,303

Investment properties are valued at open market value, as valued by the director.

6. RELATED PARTY DISCLOSURES

At the year end the company was owed £24,696 (2022: £27,696) by Sevco 3542 Limited, and £72,552 (2022: 72,552) by Purland Property Limited. Both companies are controlled by the director.

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R D Channon.