Acorah Software Products - Accounts Production 15.0.600 false true true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 11117090 Mr R Kumar Mrs M Kumar Mr R Kumar iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11117090 2022-12-31 11117090 2023-12-31 11117090 2023-01-01 2023-12-31 11117090 frs-core:CurrentFinancialInstruments 2023-12-31 11117090 frs-core:Non-currentFinancialInstruments 2023-12-31 11117090 frs-core:ShareCapital 2023-12-31 11117090 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11117090 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 11117090 frs-bus:SmallEntities 2023-01-01 2023-12-31 11117090 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11117090 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 11117090 frs-bus:Director1 2023-01-01 2023-12-31 11117090 frs-bus:Director2 2023-01-01 2023-12-31 11117090 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 11117090 frs-countries:EnglandWales 2023-01-01 2023-12-31 11117090 2021-12-31 11117090 2022-12-31 11117090 2022-01-01 2022-12-31 11117090 frs-core:CurrentFinancialInstruments 2022-12-31 11117090 frs-core:Non-currentFinancialInstruments 2022-12-31 11117090 frs-core:ShareCapital 2022-12-31 11117090 frs-core:CurrentFinancialInstruments 3 2022-12-31
Registered number: 11117090
Chiltern Estates Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Goldwyns London LLP
Unaudited Financial Statements
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 11117090
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 1,656,752 1,656,752
1,656,752 1,656,752
CURRENT ASSETS
Debtors 3 793,408 1,178,420
Cash at bank and in hand 354,185 17,613
1,147,593 1,196,033
Creditors: Amounts Falling Due Within One Year 4 (2,804,245 ) (2,827,685 )
NET CURRENT ASSETS (LIABILITIES) (1,656,652 ) (1,631,652 )
TOTAL ASSETS LESS CURRENT LIABILITIES 100 25,100
Creditors: Amounts Falling Due After More Than One Year 5 - (25,000 )
NET ASSETS 100 100
CAPITAL AND RESERVES
Called up share capital 6 100 100
SHAREHOLDERS' FUNDS 100 100
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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.
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 Income Statement.
On behalf of the board
Mr R Kumar
Director
26/07/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The financial statements are prepared in UK sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest UK pound.
The principle accounting policies adopted are set below.
1.2. Going Concern Disclosure
The directors have considered the prospect of the business for the next twelve months and beyond and have arrived at a reasonable expectation that the company will continue to meet its obligations as they fall due. The directors have also pledged their financial support to assist with this if required. On this basis, the director will continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
1.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the income statement.
1.5. 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 statement of financial position date.
1.6. Government Grant
Government grants are recognised in the income statement in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the income statement. Grants towards general activities of the entity over a specific period are recognised in the income statement over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the income statement over the useful life of the asset concerned.
All grants in the income statement are recognised when all conditions for receipt have been complied with.
Government Assistance
The company has received assistance in the form of a government backed loan (including Coronavirus Business Interruption Loan Scheme (CBILS), Coronavirus Large Business Interruption Loan Scheme (CLBILS), Bounce Back Loan Scheme (BBLS) and Future Fund Scheme) of which the outstanding balance as at the year end was £Nil.
1.7. Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
1.8. Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
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1.9. Critical Accounting Judgements And Key Sources of Estimation Uncertainty
In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily ascertainable from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual outcomes may differ from these estimates.
The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting estimates are recognised in the period in which the estimates are revised.
The key areas of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:
Accrued Expenditure
The company includes a provision for invoices which are yet to be received from and amounts paid in advance to suppliers. These provisions are estimated based upon the expected values of the invoices which are issued and services received following the year end.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows:
2023 2022
Office and administration 2 1
2 1
3. Debtors
2023 2022
£ £
Due within one year
Trade debtors 60,000 -
Other debtors - 450,000
Amounts owed by connected undertakings 733,408 728,420
793,408 1,178,420
4. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 2,755,400 2,755,400
Bank loans and overdrafts - 10,000
Corporation tax 1,809 3,409
Directors' loan accounts 47,036 58,876
2,804,245 2,827,685
5. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans - 25,000
- 25,000
6. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
The nominal value per share is £1 and as at the year-end there are 100 Ordinary Shares in issue.
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7. Related Party Transactions
As at year end, the Directors Loan Account balance of Mr R Kumar is £47,036 which is a current liability, is interest free and repayable on demand.
As at year end, Vestrow Business Limited a company related via common control and directorship owed the company £43,407.66 in the form of a loan, which is a current asset, is interest free and repayable on demand.
As at year end, Alford Developments Limited, a company related via common control and directorship, owed the company £Nil in the form of a loan, which is a current asset, is interest free and repayable on demand.
As at year end, Chanlon Property Limited, a company related via common control and directorship, owed the company £685,000 in the form of a loan, which is a current asset, is interest free and repayable on demand.
As at year end, Opulen Asset Management Limited, a company related via common control and directrorship, owed the company £5,000 in the form of a loan, which is a current asset, is interest free and repayable on demand.
8. General Information
Chiltern Estates Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11117090 . The registered office is 33 Cavendish Square, Office 408, London, England, W1G 0PW.
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