Registered Number:NI020481 |
For the year ended 31 December 2023
Northern Ireland
Audited Financial Statements
For the year ended 31 December 2023
Chester Homes Ltd
Contents Page
1
Statement of Financial Position
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Notes to the Financial Statements
Chester Homes Ltd
Statement of Financial Position
2022
2023
Property, plant and equipment |
545,191
549,489
2
3
50,888
50,888
100,000
100,000
4
696,079
700,377
1,640
2,307
5
Trade and other receivables |
102,957
111,162
6
115,054
Cash and cash equivalents |
144,512
257,981
219,651
Trade and other payables: amounts falling due within one |
year |
(211,875)
(246,647)
7
7,776
11,334
Net current assets
Total assets less current liabilities |
707,413
708,153
707,413
Net assets
708,153
56,256
56,256
16,878
16,878
293,378
293,378
8
340,901
341,641
707,413
708,153
Shareholders' funds
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 02 August 2024 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 December 2023
Chester Homes Ltd
Notes to the Financial Statements
Statutory Information
Chester Homes Ltd is a private limited company, limited by shares, domiciled in Northern Ireland, registration number |
NI020481. |
38a Mallusk Road
Newtownabbey
Antrim
BT36 4PP
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Motor Vehicles
Furniture and Fittings
2. Property, plant and equipment |
Motor Vehicles
1,066,494
387,270
79,224
600,000
600,000
79,224
387,270
1,066,494
Provision for depreciation and impairment |
517,005
365,781
79,224
72,000
Charge for year
4,298
4,298
-
-
521,303
370,079
79,224
72,000
528,000
-
17,191
545,191
528,000
-
21,489
549,489
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For the year ended 31 December 2023
Chester Homes Ltd
Notes to the Financial Statements Continued
50,888
50,888
50,888
50,888
4. Investments held as fixed assets |
100,000
100,000
100,000
100,000
100,000
100,000
100,000
100,000
2022
2023
2,307
1,640
6. Trade and other receivables |
2022
2023
15,538
21,178
95,624
81,779
102,957
111,162
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For the year ended 31 December 2023
Chester Homes Ltd
Notes to the Financial Statements Continued
7. Trade and other payables: amounts falling due within one year |
2022
2023
99,080
94,656
147,567
117,219
246,647
211,875
Revaluation reserve at 01 January 2023 |
293,378
293,378
Revaluation reserve at 31 December 2023 |
9. Average number of persons employed |
During the year the average number of employees was 37 (2022 : 35)
10. Parent-subsidiary relationship |
7.1 The ultimate parent undertaking is EJC Propco 1A Ltd. The ultimate controlling party is Mr Edmund Coyle by virtue of his shareholding in the parent company. |
11. Disclosure under section 444(5B) of the Companies Act 2006 |
The Report of the Independent Auditor is unqualified. |
Mr Noel Hugh Conn (Senior Statutory Auditor) |
Noel Conn and Company
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