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Registration number: 08610061

CHH London Limited

Unaudited Annual Report and Financial Statements

for the Year Ended 31 December 2023

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

CHH London Limited

Contents

Company Information

1

Director's Report

2

Statement of Income and Retained Earnings

3

Statement of Financial Position

4

Notes to the Unaudited Financial Statements

5 to 7

 

CHH London Limited

Company Information

Director

B D Dove-Seymour

Registered office

130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU

Accountants

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

CHH London Limited

Director's Report for the Year Ended 31 December 2023

The director presents his report and the financial statements for the year ended 31 December 2023.

Directors of the company

The directors who held office during the year were as follows:

B D Dove-Seymour

P A Grout (ceased 6 April 2023)

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the Board on 2 September 2024 and signed on its behalf by:




 

.........................................
B D Dove-Seymour
Director

 

CHH London Limited

Statement of Income and Retained Earnings for the Year Ended 31 December 2023

2023
£

2022
£

Turnover

-

-

Administrative expenses

(27,741)

(25,834)

Operating loss

(27,741)

(25,834)

Interest payable and similar charges

(102,530)

(40,375)

(102,530)

(40,375)

Loss before tax

(130,271)

(66,209)

Taxation

81,969

-

Loss for the financial year

(48,302)

(66,209)

Retained earnings brought forward

(297,841)

(231,632)

Retained earnings carried forward

(346,143)

(297,841)

 

CHH London Limited

Statement of Financial Position as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

14,821,344

14,392,863

Current assets

 

Debtors

5

342,351

248,956

Cash at bank and in hand

 

29,106

9,259

 

371,457

258,215

Creditors: Amounts falling due within one year

6

(2,038,844)

(1,448,819)

Net current liabilities

 

(1,667,387)

(1,190,604)

Net assets

 

13,153,957

13,202,259

Capital and reserves

 

Called up share capital

13,500,100

13,500,100

Retained earnings

(346,143)

(297,841)

Shareholders' funds

 

13,153,957

13,202,259

For the financial 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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

Approved and authorised by the director on 2 September 2024
 

.........................................

B D Dove-Seymour

Director

Company registration number: 08610061

 

CHH London Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU

The principal activity of the company is that of property development.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern

The company had net assets at 31 December 2023 amounting to £13,153,957 but net current liabilities of £1,667,387.

The company has the support of the parent undertaking, to whom an amount of £1,964,890 was due at 31 December 2023, to provide sufficient working capital to enable the company to complete the development of its investment property and to meet its administrative overheads during this period. The directors have assessed that no provision for diminution in value is required against the carrying value of the company's freehold property.

On the basis of the above, and after making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

CHH London Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company during the year, was 0 (2022 - 0).

4

Tangible assets

Freehold Land and buildings
£

Total
£

Cost or valuation

At 1 January 2023

14,392,863

14,392,863

Additions

428,481

428,481

At 31 December 2023

14,821,344

14,821,344

Carrying amount

At 31 December 2023

14,821,344

14,821,344

At 31 December 2022

14,392,863

14,392,863

 

CHH London Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

5

Debtors

Note

2023
£

2022
£

Amounts owed by group undertakings

7

81,969

-

Other debtors

 

260,382

248,956

 

342,351

248,956

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Trade creditors

68,803

6,219

Amounts owed to group undertakings

1,964,890

1,436,859

Other creditors

5,151

5,741

2,038,844

1,448,819

7

Related party transactions

In accordance with FRS 102 paragraph 1AC.35 exemption has been taken not to disclose transactions or amounts falling due between undertakings where 100% of the voting rights are controlled within the group.