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Company No: 06260367 (England and Wales)

CHALFONT MANAGEMENT COMPANY LIMITED

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

CHALFONT MANAGEMENT COMPANY LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

CHALFONT MANAGEMENT COMPANY LIMITED

BALANCE SHEET

As at 31 December 2023
CHALFONT MANAGEMENT COMPANY LIMITED

BALANCE SHEET (continued)

As at 31 December 2023
Note 2023 2022
£ £
Fixed assets
Investments 3 235,883 235,883
235,883 235,883
Current assets
Debtors 4 170 170
Cash at bank and in hand 2,491 2,389
2,661 2,559
Creditors: amounts falling due within one year 5 ( 17,212) ( 16,364)
Net current liabilities (14,551) (13,805)
Total assets less current liabilities 221,332 222,078
Net assets 221,332 222,078
Capital and reserves
Called-up share capital 230 230
Share premium account 233,379 233,379
Profit and loss account ( 12,277 ) ( 11,531 )
Total shareholders' funds 221,332 222,078

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 Management Company Limited (registered number: 06260367) 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 MANAGEMENT COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
CHALFONT MANAGEMENT COMPANY 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 Management Company 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 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 £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption in section 399 of the Companies Act 2006 not to prepare consolidated accounts, because the group it heads qualifies as small. The financial statements present information about the Company as an individual entity only.

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. Fixed asset investments

2023 2022
£ £
Subsidiary undertakings 235,883 235,883

Investments in subsidiaries

2023
£
Cost
At 01 January 2023 235,883
At 31 December 2023 235,883
Carrying value at 31 December 2023 235,883
Carrying value at 31 December 2022 235,883

Investments in shares

Name of entity Registered office Principal activity Class of
shares
Ownership
31.12.2023
Ownership
31.12.2022
Chalfont Development Co. Limited 73-75 Millbrook Road East, Southampton, Hampshire, SO15 1RJ Property ownership Ordinary 100.00% 100.00%

4. Debtors

2023 2022
£ £
Other debtors 170 170

5. Creditors: amounts falling due within one year

2023 2022
£ £
Other creditors 17,212 16,364