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Registered number: 01911425
Chiltern London Limited
Unaudited Financial Statements
For The Year Ended 31 March 2023
Astonia Associates Ltd
C/O Astonia Associates Ltd
The Business & Technology Centre
Bessemer Drive, Stevenage
Hertfordshire
SG1 2DX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 01911425
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,473 3,125
2,473 3,125
CURRENT ASSETS
Stocks 5 168,322 168,322
Debtors 6 542,474 568,974
Cash at bank and in hand 12,169 -
722,965 737,296
Creditors: Amounts Falling Due Within One Year 7 (454,520 ) (490,791 )
NET CURRENT ASSETS (LIABILITIES) 268,445 246,505
TOTAL ASSETS LESS CURRENT LIABILITIES 270,918 249,630
Creditors: Amounts Falling Due After More Than One Year 8 (1,101,515 ) (1,019,656 )
NET LIABILITIES (830,597 ) (770,026 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (830,697 ) (770,126 )
SHAREHOLDERS' FUNDS (830,597) (770,026)
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For the year ending 31 March 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms D Gregory
Director
08/08/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Chiltern London Limited  is a private company, limited by shares, incorporated in England & Wales, registered number 01911425. The registered office is C/O Astonia Associates Ltd, The Business & Technology Centre, Bessemer Drive,Stevenage, Hertfordshire, SG1 2DX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold Over period of lease
Motor Vehicles 10% on cost
Fixtures & Fittings 20% reducing balance
Computer Equipment 25% reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
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2.5. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2022 6,628 115,197 12,402 134,227
As at 31 March 2023 6,628 115,197 12,402 134,227
Depreciation
As at 1 April 2022 6,628 112,604 11,870 131,102
Provided during the period - 519 133 652
As at 31 March 2023 6,628 113,123 12,003 131,754
Net Book Value
As at 31 March 2023 - 2,074 399 2,473
As at 1 April 2022 - 2,593 532 3,125
5. Stocks
2023 2022
£ £
Stock 168,322 168,322
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 381,044 381,044
Prepayments and accrued income 89,813 89,813
Corporation tax recoverable assets 542 542
471,399 471,399
Due after more than one year
Other debtors 71,075 97,575
542,474 568,974
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7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Bank loans and overdrafts - 83,414
Corporation tax 1,000 650
Other taxes and social security 185 330
VAT 61,322 55,379
Accruals and deferred income 773 1,288
Directors' loan accounts 197,435 160,230
Amounts owed to other participating interests 193,805 189,500
454,520 490,791
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 131,697 49,838
Other creditors 969,818 969,818
1,101,515 1,019,656
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
10. Related Party Transactions
D Taylor is also a director of DT 1947 Limited.At the year end Chiltern London Limited owed DT 1947 Limited £193,805.24 (2022: £189,500) which is included on creditors due within one year.
11. Ultimate Controlling Party
The company's ultimate controlling party is  Derek Taylor by virtue of his ownership of 100% of the issued share capital in the company.
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