Company registration number 13617247 (England and Wales)
11 CHESTER ROAD WEST DEVELOPMENT LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024
PAGES FOR FILING WITH REGISTRAR
11 CHESTER ROAD WEST DEVELOPMENT LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
11 CHESTER ROAD WEST DEVELOPMENT LIMITED (REGISTERED NUMBER: 13617247)
BALANCE SHEET
AS AT
31 JANUARY 2024
31 January 2024
- 1 -
31 January 2024
30 September 2022
Notes
£
£
£
£
Fixed assets
Investment property
3
330,572
181,898
Current assets
Debtors
4
395
1
Cash at bank and in hand
21
416
1
Creditors: amounts falling due within one year
5
(345,695)
(190,700)
Net current liabilities
(345,279)
(190,699)
Net liabilities
(14,707)
(8,801)
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
(14,708)
(8,802)
Total equity
(14,707)
(8,801)
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial period ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 27 August 2024 and are signed on its behalf by:
Dr E Rose
Director
11 CHESTER ROAD WEST DEVELOPMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024
- 2 -
1
Accounting policies
Company information
11 Chester Road West Development Limited is a private company limited by shares incorporated in England and Wales. The registered office is 19/21 Swan Street, West Malling, Kent, ME19 6JU.
1.1
Reporting period
The accounting period runs from 1 October 2022 to 31 January 2024.
1.2
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.3
Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.
2
Employees
The average monthly number of persons (including directors) employed by the company during the period was:
2024
2022
Number
Number
Total
2
2
3
Investment property
2024
£
Fair value
At 1 October 2022
181,898
Additions
148,674
At 31 January 2024
330,572
11 CHESTER ROAD WEST DEVELOPMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JANUARY 2024
3
Investment property
(Continued)
- 3 -
Investment property comprises a property at fair value £330,572. The fair value of the investment property has been arrived at by the directors of the company. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.
4
Debtors
2024
2022
Amounts falling due within one year:
£
£
Other debtors
395
1
5
Creditors: amounts falling due within one year
2024
2022
£
£
Other creditors
345,695
190,700
6
Related party transactions
Included within other debtors is a balance of £1 (2022: £1) owed by a connected company with the same directors.
Included within other creditors is a balance of £343,586 (2022: £130,689) owed to connected companies with the same directors.