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Company No: 00761511 (England and Wales)

CHALFONT DEVELOPMENT CO. LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

CHALFONT DEVELOPMENT CO. LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

CHALFONT DEVELOPMENT CO. LIMITED

BALANCE SHEET

As at 31 December 2023
CHALFONT DEVELOPMENT CO. LIMITED

BALANCE SHEET (continued)

As at 31 December 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 5,312 5,312
5,312 5,312
Current assets
Debtors 4 10,256 11,070
10,256 11,070
Creditors: amounts falling due within one year 5 ( 600) ( 576)
Net current assets 9,656 10,494
Total assets less current liabilities 14,968 15,806
Net assets 14,968 15,806
Capital and reserves
Called-up share capital 25,100 25,100
Profit and loss account ( 10,132 ) ( 9,294 )
Total shareholders' funds 14,968 15,806

For the financial year ending 31 December 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Chalfont Development Co. Limited (registered number: 00761511) were approved and authorised for issue by the Board of Directors on 30 July 2024. They were signed on its behalf by:

C D Marsh
Director
CHALFONT DEVELOPMENT CO. LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
CHALFONT DEVELOPMENT CO. LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Chalfont Development Co. Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 73-75 Millbrook Road East, Southampton, SO15 1RJ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings not depreciated

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Land and buildings Total
£ £
Cost
At 01 January 2023 5,312 5,312
At 31 December 2023 5,312 5,312
Accumulated depreciation
At 01 January 2023 0 0
At 31 December 2023 0 0
Net book value
At 31 December 2023 5,312 5,312
At 31 December 2022 5,312 5,312

4. Debtors

2023 2022
£ £
Other debtors 10,256 11,070

5. Creditors: amounts falling due within one year

2023 2022
£ £
Other creditors 600 576

6. Ultimate controlling party

Parent Company:

Chalfont Management Company Limited
73-75 Millbrook Road East
Southampton
SO15 1RJ