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REGISTERED NUMBER: 13566771 (England and Wales)












CHELSEA GREEN ENGINES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023






CHELSEA GREEN ENGINES LIMITED (REGISTERED NUMBER: 13566771)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CHELSEA GREEN ENGINES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: Mr H D Gamble
Mr R J Allard





REGISTERED OFFICE: 2nd Floor
1 Putney High Street
Putney
London
SW15 1SZ





REGISTERED NUMBER: 13566771 (England and Wales)





ACCOUNTANTS: Christiansons Ltd
Chartered Certified Accountants
Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE

CHELSEA GREEN ENGINES LIMITED (REGISTERED NUMBER: 13566771)

BALANCE SHEET
30 NOVEMBER 2023

30.11.23 30.11.22
Notes $    $   
CURRENT ASSETS
Debtors 4 100,130 300,130
Cash at bank 19,482 819
119,612 300,949
CREDITORS
Amounts falling due within one year 5 15,064 42,050
NET CURRENT ASSETS 104,548 258,899
TOTAL ASSETS LESS CURRENT
LIABILITIES

104,548

258,899

CREDITORS
Amounts falling due after more than one
year

6

182,399

309,701
NET LIABILITIES (77,851 ) (50,802 )

CAPITAL AND RESERVES
Called up share capital 7 130 130
Retained earnings 8 (77,981 ) (50,932 )
SHAREHOLDERS' FUNDS (77,851 ) (50,802 )

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 directors acknowledge their 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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 14 August 2024 and were signed on its behalf by:



Mr H D Gamble - Director


CHELSEA GREEN ENGINES LIMITED (REGISTERED NUMBER: 13566771)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. STATUTORY INFORMATION

Chelsea Green Engines 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. ACCOUNTING POLICIES

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

The financial statements are prepared in US dollar being the most relevant currency for the company.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into US dollar at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Going concern
As at the year end the company has net liabilities of £77,851 (2022: £50,802) and rely on funds from its directors to run its day to day business. The directors have confirmed that they will continue to support the company for the foreseeable future. These accounts have therefore been prepared on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
$    $   
Other debtors 100,130 300,130

CHELSEA GREEN ENGINES LIMITED (REGISTERED NUMBER: 13566771)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
$    $   
Other creditors 13,374 40,731
Accrued expenses 1,690 1,319
15,064 42,050

Included in other creditors is an amount of $13,374 (2022: $40,731) due to Plane Invest Ltd, a connected company.

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
$    $   
Other creditors 122,774 141,701
Directors' loan accounts 59,625 168,000
182,399 309,701

Included in other creditors are amounts due to connected companies, $11,357 (2022: $32,000) due to Aerohal Ltd and $111,417 (2022: $109,701) to PB Leasing Aircraft No.9 Limited.

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: $    $   
100 Ordinary A $1.3 130 130

8. RESERVES
Retained
earnings
$   

At 1 December 2022 (50,932 )
Deficit for the year (27,049 )
At 30 November 2023 (77,981 )

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr R J Allard.