2023-01-01 02 August 2024 Mr Noel Hugh Conn Noel Conn and Company NI020481 2023-12-31 NI020481 2023-01-01 2023-12-31 NI020481 2022-12-31 NI020481 2022-01-01 2022-12-31 NI020481 uk-core:WithinOneYear 2022-12-31 NI020481 uk-core:WithinOneYear 2023-12-31 NI020481 uk-core:ShareCapital 2023-12-31 NI020481 uk-core:ShareCapital 2022-12-31 NI020481 uk-core:SharePremium 2023-12-31 NI020481 uk-core:SharePremium 2022-12-31 NI020481 uk-core:RevaluationReserve 2023-12-31 NI020481 uk-core:RevaluationReserve 2022-12-31 NI020481 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 NI020481 uk-core:RetainedEarningsAccumulatedLosses 2022-12-31 NI020481 uk-bus:Director1 2023-01-01 2023-12-31 NI020481 uk-core:MotorVehicles 2023-01-01 2023-12-31 NI020481 uk-core:FurnitureFittings 2023-01-01 2023-12-31 NI020481 uk-core:FurnitureFittings 2022-12-31 NI020481 uk-core:MotorVehicles 2022-12-31 NI020481 uk-core:Land 2022-12-31 NI020481 uk-core:Land 2023-12-31 NI020481 uk-core:MotorVehicles 2023-12-31 NI020481 uk-core:FurnitureFittings 2023-12-31 NI020481 uk-core:Land 2023-01-01 2023-12-31 NI020481 uk-core:CostValuation 2022-12-31 NI020481 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2022-12-31 NI020481 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2023-12-31 NI020481 uk-core:CostValuation 2023-12-31 NI020481 uk-core:Non-currentFinancialInstruments 2023-12-31 NI020481 uk-core:Non-currentFinancialInstruments 2022-12-31 iso4217:GBP xbrli:pure NI020481 uk-bus:Audited 2023-01-01 2023-12-31 NI020481 uk-bus:FRS102 2023-01-01 2023-12-31 NI020481 uk-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 NI020481 uk-bus:FilletedAccounts 2023-01-01 2023-12-31 NI020481 uk-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31
Chester Homes Ltd
Registered Number:NI020481
For the year ended 31 December 2023
Northern Ireland
Audited Financial Statements
2
For the year ended 31 December 2023
Chester Homes Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
NI020481
As at 31 December 2023
Chester Homes Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
545,191
549,489
2
3
50,888
50,888
Investment property
Financial assets
100,000
100,000
4
696,079
700,377
Current assets
Inventories
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
Capital and reserves
Called up share capital
56,256
56,256
Share premium account
16,878
16,878
Revaluation reserve
293,378
293,378
8
Retained earnings
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.
Mr Edmund Coyle Director
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
1 of 4
4
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.
Registered address:
38a Mallusk Road
Newtownabbey
Antrim
BT36 4PP
The presentation currency is £ sterling.
1. Accounting policies
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:
20% Reducing balance
Motor Vehicles
20% Reducing balance
Furniture and Fittings
2. Property, plant and equipment
Total
Furniture and
Fittings
Motor Vehicles
Land and
Buildings
£
£
£
£
Cost or
valuation
At 01 January 2023
1,066,494
387,270
79,224
600,000
At 31 December 2023
600,000
79,224
387,270
1,066,494
Provision for depreciation and impairment
At 01 January 2023
517,005
365,781
79,224
72,000
Charge for year
4,298
4,298
-
-
At 31 December 2023
521,303
370,079
79,224
72,000
At 31 December 2023
Net book value
528,000
-
17,191
545,191
At 31 December 2022
528,000
-
21,489
549,489
2 of 4
5
For the year ended 31 December 2023
Chester Homes Ltd
Notes to the Financial Statements Continued
3. Investment property
Total
£
Fair value
At 01 January 2023
50,888
At 31 December 2023
50,888
Net book value
At 31 December 2023
50,888
At 31 December 2022
50,888
4. Investments held as fixed assets
Other investments
Total
At 01 January 2023
100,000
100,000
Cost
£
£
At 31 December 2023
100,000
100,000
At 31 December 2023
Net book value
100,000
100,000
At 01 January 2023
100,000
100,000
5. Inventories
2022
2023
£
£
Stocks
2,307
1,640
6. Trade and other receivables
2022
2023
£
£
Trade debtors
15,538
21,178
Other debtors
95,624
81,779
102,957
111,162
3 of 4
6
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
£
£
Trade creditors
99,080
94,656
Other creditors
147,567
117,219
246,647
211,875
8. Reserves
Total
£
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
4 of 4