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REGISTERED NUMBER: 09165193 (England and Wales)










CHIMNEY HOUSE 1 LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2023






CHIMNEY HOUSE 1 LIMITED (REGISTERED NUMBER: 09165193)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CHIMNEY HOUSE 1 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2023







DIRECTORS: Mr S Kathuria
Mr R Kathuria





REGISTERED OFFICE: 204 Winsford Avenue
coventry
West Midlands
CV5 9NB





REGISTERED NUMBER: 09165193 (England and Wales)





ACCOUNTANTS: Shah & Co (Accountants) Ltd
Chartered Certified Accountants
Cash's Business Centre
1st Floor
228 Widdrington Road
Coventry
West Midlands
CV1 4PB

CHIMNEY HOUSE 1 LIMITED (REGISTERED NUMBER: 09165193)

BALANCE SHEET
31ST OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 1,231,158 1,263,633
1,231,159 1,263,634

CURRENT ASSETS
Stocks 8,250 7,315
Debtors 6 440,907 533,037
Cash at bank 698,999 1,455,174
1,148,156 1,995,526
CREDITORS
Amounts falling due within one year 7 371,933 247,779
NET CURRENT ASSETS 776,223 1,747,747
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,007,382

3,011,381

CREDITORS
Amounts falling due after more than one
year

8

1,122,352

2,525,957
NET ASSETS 885,030 485,424

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 884,930 485,324
SHAREHOLDERS' FUNDS 885,030 485,424

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

CHIMNEY HOUSE 1 LIMITED (REGISTERED NUMBER: 09165193)

BALANCE SHEET - continued
31ST OCTOBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9th August 2024 and were signed on its behalf by:





Mr S Kathuria - Director


CHIMNEY HOUSE 1 LIMITED (REGISTERED NUMBER: 09165193)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2023

1. STATUTORY INFORMATION

CHIMNEY HOUSE 1 LIMITED is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

CHIMNEY HOUSE 1 LIMITED (REGISTERED NUMBER: 09165193)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2022 - 17 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st November 2022
and 31st October 2023 1
NET BOOK VALUE
At 31st October 2023 1
At 31st October 2022 1

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1st November 2022
and 31st October 2023 1,101,252 561,288 3,739 1,666,279
DEPRECIATION
At 1st November 2022 - 399,483 3,163 402,646
Charge for year - 32,360 115 32,475
At 31st October 2023 - 431,843 3,278 435,121
NET BOOK VALUE
At 31st October 2023 1,101,252 129,445 461 1,231,158
At 31st October 2022 1,101,252 161,805 576 1,263,633

CHIMNEY HOUSE 1 LIMITED (REGISTERED NUMBER: 09165193)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2023

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Fixtures
and
fittings
£   
COST
At 1st November 2022
and 31st October 2023 113,900
DEPRECIATION
At 1st November 2022 63,941
Charge for year 9,991
At 31st October 2023 73,932
NET BOOK VALUE
At 31st October 2023 39,968
At 31st October 2022 49,959

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 73,830 13,368
Other debtors 367,077 519,669
440,907 533,037

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 62,707
Hire purchase contracts 4,140 15,211
Trade creditors 149,287 52,133
Taxation and social security 212,381 109,770
Other creditors 6,125 7,958
371,933 247,779

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 460,000
Other creditors 1,122,352 2,065,957
1,122,352 2,525,957

CHIMNEY HOUSE 1 LIMITED (REGISTERED NUMBER: 09165193)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans - 522,707

Bank loans secured an assets of the company.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr S KathuriaMr R Kathuria.