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Company Registration No. 12543601 (England and Wales)
Chequer Lane Developments Ltd Unaudited accounts for the year ended 31 March 2024
Chequer Lane Developments Ltd Unaudited accounts Contents
Page
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Chequer Lane Developments Ltd Company Information for the year ended 31 March 2024
Directors
DR Colquhoun SA Martin
Company Number
12543601 (England and Wales)
Registered Office
LITTLE MALTINGS MALTING LANE MUCH HADHAM SG10 6AW ENGLAND
Accountants
Redbox Accountancy Limited New Mead Barn Wickham Hall, Hadham Road Bishop's Stortford Hertfordshire CM23 1JG
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Chequer Lane Developments Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Inventories
2,186,017 
1,255,344 
Cash at bank and in hand
2,616 
60,863 
2,188,633 
1,316,207 
Creditors: amounts falling due within one year
(20,193)
(12,103)
Net current assets
2,168,440 
1,304,104 
Total assets less current liabilities
2,168,440 
1,304,104 
Creditors: amounts falling due after more than one year
(2,211,303)
(1,321,103)
Net liabilities
(42,863)
(16,999)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(42,865)
(17,001)
Shareholders' funds
(42,863)
(16,999)
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 3 September 2024 and were signed on its behalf by
SA Martin Director Company Registration No. 12543601
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Chequer Lane Developments Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Chequer Lane Developments Ltd is a private company, limited by shares, registered in England and Wales, registration number 12543601. The registered office is LITTLE MALTINGS, MALTING LANE, MUCH HADHAM, SG10 6AW, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Loans from directors
20,193 
10,375 
Accruals
- 
1,728 
20,193 
12,103 
5
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
2,211,303 
1,321,103 
6
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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