Company Registration No. 13291812 (England and Wales)
226 Chillingham Road Ltd
Unaudited accounts
for the year ended 31 December 2023
226 Chillingham Road Ltd
Unaudited accounts
Contents
226 Chillingham Road Ltd
Company Information
for the year ended 31 December 2023
Directors
Christopher John Henry
Christopher Paton
Company Number
13291812 (England and Wales)
Registered Office
40 Warton Terrace
Newcastle Upon Tyne
Tyne and Wear
NE6 5LS
England
Accountants
RAE Business Services (Yorkshire) Limited
First Floor
85 Great Portland Street
London
W1W 7LT
226 Chillingham Road Ltd
Accountants' report
Accountants' report to the board of directors of 226 Chillingham Road Ltd on the preparation of the unaudited statutory accounts for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
226 Chillingham Road Ltd for the year ended
31 December 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of 226 Chillingham Road Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of 226 Chillingham Road Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than 226 Chillingham Road Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that 226 Chillingham Road Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of 226 Chillingham Road Ltd. You consider that 226 Chillingham Road Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of 226 Chillingham Road Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
RAE Business Services (Yorkshire) Limited
First Floor
85 Great Portland Street
London
W1W 7LT
12 June 2024
226 Chillingham Road Ltd
Statement of financial position
as at 31 December 2023
Investment property
1,837,929
1,199,999
Cash at bank and in hand
20,827
24,652
Creditors: amounts falling due within one year
(126,730)
(39,642)
Net current liabilities
(81,313)
(14,990)
Total assets less current liabilities
1,756,616
1,185,009
Creditors: amounts falling due after more than one year
(1,435,489)
(942,699)
Net assets
321,127
242,310
Called up share capital
12
12
Revaluation reserve
560,048
387,518
Profit and loss account
(238,933)
(145,220)
Shareholders' funds
321,127
242,310
For the 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. 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 June 2024 and were signed on its behalf by
Christopher John Henry
Director
Company Registration No. 13291812
226 Chillingham Road Ltd
Notes to the Accounts
for the year ended 31 December 2023
226 Chillingham Road Ltd is a private company, limited by shares, registered in England and Wales, registration number 13291812. The registered office is 40 Warton Terrace, Newcastle Upon Tyne, Tyne and Wear, NE6 5LS, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Fair value at 1 January 2023
1,199,999
Net gain from fair value adjustments
172,530
At 31 December 2023
1,837,929
Amounts falling due within one year
Amounts due from group undertakings etc.
14,590
-
6
Creditors: amounts falling due within one year
2023
2022
Other creditors
125,710
38,742
226 Chillingham Road Ltd
Notes to the Accounts
for the year ended 31 December 2023
7
Creditors: amounts falling due after more than one year
2023
2022
Amounts owed to group undertakings and other participating interests
8,349
-
Other creditors
1,289,382
817,343
Loans from directors
137,758
125,356
8
Transactions with related parties
Related party loans are as follows:
Long-term director's loan of £137,758 (2022 - £125,355, including interest of £12,403 (2022 - £10,760) for the period.
Parent company interest-free loan of £8,349 (2022 - £8,307).
Other long-term related party loans of £139,832 (2022 - £127,429, including interest of £12,403 (2022 - £10,760) for the period.
Short-term interest-free related party loans of £125,709 (2022 - £38,742).
Aspire Group Holdings Ltd
Company registration number 11761031
Clavering House, Clavering Place
Newcastle upon Tyne
Tyne and Wear
NE1 3NG
England
10
Average number of employees
During the year the average number of employees was 0 (2022: 0).