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REGISTERED NUMBER: 03847117 (England and Wales)











Chelmere Homes Limited

Unaudited Financial Statements

for the Year Ended 22 March 2024






Chelmere Homes Limited (Registered number: 03847117)






Contents of the Financial Statements
for the Year Ended 22 March 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Chelmere Homes Limited

Company Information
for the Year Ended 22 March 2024







Directors: P K Booth
I A Wilkinson





Secretary: A Wilkinson





Registered office: Hewitt House
Winstanley Road
Orrel
Wigan
Lancashire
WN5 7XA





Registered number: 03847117 (England and Wales)





Accountants: Warr & Co Limited
Chartered Accountants
Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ

Chelmere Homes Limited (Registered number: 03847117)

Balance Sheet
22 March 2024

22.3.24 22.3.23
Notes £    £   
Fixed assets
Tangible assets 4 68,839 67,006

Current assets
Stocks 704,731 339,001
Debtors 5 276,690 510,915
Cash at bank and in hand 318,307 525,326
1,299,728 1,375,242
Creditors
Amounts falling due within one year 6 (91,924 ) (29,626 )
Net current assets 1,207,804 1,345,616
Total assets less current liabilities 1,276,643 1,412,622

Capital and reserves
Called up share capital 95 95
Capital redemption reserve 5 5
Retained earnings 1,276,543 1,412,522
Shareholders' funds 1,276,643 1,412,622

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 22 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 22 March 2024 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.

Chelmere Homes Limited (Registered number: 03847117)

Balance Sheet - continued
22 March 2024


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 19 July 2024 and were signed on its behalf by:





I A Wilkinson - Director


Chelmere Homes Limited (Registered number: 03847117)

Notes to the Financial Statements
for the Year Ended 22 March 2024

1. Statutory information

Chelmere Homes 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

Chelmere Homes Limited (Registered number: 03847117)

Notes to the Financial Statements - continued
for the Year Ended 22 March 2024

4. Tangible fixed assets
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
Cost
At 23 March 2023 115,714 3,194 110,126 1,364 230,398
Additions 1,295 - 73,250 1,399 75,944
Disposals - - (67,995 ) - (67,995 )
At 22 March 2024 117,009 3,194 115,381 2,763 238,347
Depreciation
At 23 March 2023 106,702 2,897 52,569 1,224 163,392
Charge for year 2,577 72 19,953 513 23,115
Eliminated on disposal - - (16,999 ) - (16,999 )
At 22 March 2024 109,279 2,969 55,523 1,737 169,508
Net book value
At 22 March 2024 7,730 225 59,858 1,026 68,839
At 22 March 2023 9,012 297 57,557 140 67,006

5. Debtors: amounts falling due within one year
22.3.24 22.3.23
£    £   
Other debtors 255,000 500,000
VAT 17,506 6,103
Prepayments and accrued income 4,184 4,812
276,690 510,915

6. Creditors: amounts falling due within one year
22.3.24 22.3.23
£    £   
Trade creditors 78,269 7,695
Social security and other taxes 2,560 2,560
Other creditors 6,198 -
Directors' current accounts 314 3,777
Accruals and deferred income 4,583 15,594
91,924 29,626

Chelmere Homes Limited (Registered number: 03847117)

Notes to the Financial Statements - continued
for the Year Ended 22 March 2024

7. Directors' advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 22 March 2024 and 22 March 2023:

22.3.24 22.3.23
£    £   
I A Wilkinson
Balance outstanding at start of year - -
Amounts advanced 150,000 -
Amounts repaid (150,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

The loan attracted interest at a commercial rate and was fully repaid during the year.

8. Related party disclosures

The company purchased materials to the value of £22,338 (2023: £838) from Firwood Timber & Plywood Company Limited, a company in which Mr P K Booth is interested as both director and shareholder, on normal commercial terms. At 22 March 2024 the amount due to Firwood Timber & Plywood Company Limited was £15,263 (2023: £198)
A loan of £250,000 (2023: £500,000) was provided to Firwood Timber & Plywood Company Limited. The loan was at a commercial rate of interest and fully repayable on demand. Interest of £10,479 was charged during the the year on this loan.