2022-12-012023-11-302023-11-30false12996161Chelsea RHR 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Chelsea RHR Limited

Registered Number
12996161
(England and Wales)

Unaudited Financial Statements for the Year ended
30 November 2023

Chelsea RHR Limited
Company Information
for the year from 1 December 2022 to 30 November 2023

Directors

Mandeep Singh Binning
Antonis Demetri
Antonis Theori
Nicholas Theori

Registered Address

2nd Floor 10-12 Bourlet Close
London
W1W 7BR

Place of Business

Olive Tree Centre

472A, Larkshall Road

Higham's Park

London

E4 9HH


Registered Number

12996161 (England and Wales)
Chelsea RHR Limited
Balance Sheet as at
30 November 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets34,210,582-
4,210,582-
Current assets
Debtors475,585-
Cash at bank and on hand8,475464
84,060464
Creditors amounts falling due within one year5(1,409,214)(55,423)
Net current assets (liabilities)(1,325,154)(54,959)
Total assets less current liabilities2,885,428(54,959)
Creditors amounts falling due after one year6(2,981,975)-
Net assets(96,547)(54,959)
Capital and reserves
Called up share capital33
Profit and loss account(96,550)(54,962)
Shareholders' funds(96,547)(54,959)
The financial statements were approved and authorised for issue by the Board of Directors on 17 June 2024, and are signed on its behalf by:
Mandeep Singh Binning
Director
Registered Company No. 12996161
Chelsea RHR Limited
Notes to the Financial Statements
for the year ended 30 November 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover represents the net value of the rent received as per rental agreements.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
2.Average number of employees

20232022
Average number of employees during the year00
3.Tangible fixed assets

Land & buildings

Total

££
Cost or valuation
Additions4,210,5824,210,582
At 30 November 234,210,5824,210,582
Net book value
At 30 November 234,210,5824,210,582
At 30 November 22--
The valuation of the property has been carried out by the directors of the company and reflects the fair market value at the balance sheet date.
4.Debtors: amounts due within one year

2023

2022

££
Trade debtors / trade receivables16,706-
Prepayments and accrued income58,879-
Total75,585-
5.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables32,924-
Other creditors1,373,88954,723
Accrued liabilities and deferred income2,401700
Total1,409,21455,423
6.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts2,981,975-
Total2,981,975-