CHARTWELL PROPERTIES LIMITED

Company Registration Number:
03822938 (England and Wales)

Unaudited abridged accounts for the year ended 31 August 2023

Period of accounts

Start date: 01 September 2022

End date: 31 August 2023

CHARTWELL PROPERTIES LIMITED

Contents of the Financial Statements

for the Period Ended 31 August 2023

Balance sheet
Notes

CHARTWELL PROPERTIES LIMITED

Balance sheet

As at 31 August 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 28,280,990 47,730,852
Total fixed assets: 28,280,990 47,730,852
Current assets
Debtors:   121,670 132,111
Cash at bank and in hand: 1,855,198 4,334,863
Total current assets: 1,976,868 4,466,974
Creditors: amounts falling due within one year:   (664,243) (701,525)
Net current assets (liabilities): 1,312,625 3,765,449
Total assets less current liabilities: 29,593,615 51,496,301
Creditors: amounts falling due after more than one year:   (8,050,000) (9,750,873)
Total net assets (liabilities): 21,543,615 41,745,428
Capital and reserves
Called up share capital: 210,002 210,002
Revaluation reserve:420,494,80040,355,700
Profit and loss account: 838,813 1,179,726
Shareholders funds: 21,543,615 41,745,428

The notes form part of these financial statements

CHARTWELL PROPERTIES LIMITED

Balance sheet statements

For the year ending 31 August 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 19 August 2024
and signed on behalf of the board by:

Name: V James
Status: Director

The notes form part of these financial statements

CHARTWELL PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible fixed assets and depreciation policy

Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows: Fixtures fittings and equipment - 25% reducing balance

CHARTWELL PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

2. Employees

2023 2022
Average number of employees during the period 3 2

CHARTWELL PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

3. Tangible Assets

Total
Cost £
At 01 September 2022 48,764,084
Additions 498,889
Revaluations (19,860,900)
At 31 August 2023 29,402,073
Depreciation
At 01 September 2022 1,033,232
Charge for year 87,851
At 31 August 2023 1,121,083
Net book value
At 31 August 2023 28,280,990
At 31 August 2022 47,730,852

CHARTWELL PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

4. Revaluation reserve

2023
£
Balance at 01 September 2022 40,355,700
Surplus or deficit after revaluation (19,860,900)
Balance at 31 August 2023 20,494,800