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REGISTERED NUMBER: 06030429 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR


CHASEWOOD PARK RESIDENTS LIMITED


CHASEWOOD PARK RESIDENTS LIMITED (REGISTERED NUMBER: 06030429)








CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023





Page




Company Information  

1




Balance Sheet  

2




Notes to the Financial Statements  

3





CHASEWOOD PARK RESIDENTS LIMITED



COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2023









DIRECTORS:

H Kwok


N Shah







REGISTERED OFFICE:

The Office


Chasewood Park


Sudbury Hill


Harrow on the Hill


Middlesex


HA1 3YP







REGISTERED NUMBER:

06030429 (England and Wales)







ACCOUNTANTS:

Macalvins Limited


Chartered Accountants


7 St John's Road


Harrow


Middlesex


HA1 2EY


CHASEWOOD PARK RESIDENTS LIMITED (REGISTERED NUMBER: 06030429)



BALANCE SHEET

31 DECEMBER 2023



31.12.23

31.12.22



Notes

£   

£   

£   

£   


FIXED ASSETS

Investment property

4

540,000


540,000




CURRENT ASSETS

Cash at bank

60,090


58,401




CREDITORS

Amounts falling due within one year

5

55,918


54,229



NET CURRENT ASSETS

4,172


4,172



TOTAL ASSETS LESS CURRENT

LIABILITIES

544,172


544,172




PROVISIONS FOR LIABILITIES

57,206


57,206



NET ASSETS

486,966


486,966




CAPITAL AND RESERVES

Called up share capital

6

87


87



Share premium Account

7

272,260


272,260



Profit and loss account -

Non distributable

7

243,878


243,878



Retained earnings

7

(29,259

)

(29,259

)


SHAREHOLDERS' FUNDS

486,966


486,966




The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.  


The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

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 Profit and Loss Account has not been delivered.


The financial statements were approved by the Board of Directors and authorised for issue on 12 September 2024 and were signed on its behalf by:






N Shah - Director



CHASEWOOD PARK RESIDENTS LIMITED (REGISTERED NUMBER: 06030429)



NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023


1.

STATUTORY INFORMATION



Chasewood Park Residents 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.


The presentation currency of the financial statements is the Pound Sterling (£).


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 represents the total ground rent receivable for the year from the leasees.



Investment property


Investment properties are included in the balance sheet at their fair value, in accordance with the provision of Section 1A of Financial Reporting Standards 102 and are not depreciated. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. This treatment is contrary to the Companies Act 2006, which states that fixed assets should be depreciated, but is, in the opinion of the director, necessary in order to give a true and fair view of the financial position of the company.



Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.

EMPLOYEES AND DIRECTORS



The average number of employees during the year was 4 (2022 - 4 ) .


4.

INVESTMENT PROPERTY


Total

£   



FAIR VALUE


At 1 January 2023


and 31 December 2023

540,000




NET BOOK VALUE


At 31 December 2023

540,000




At 31 December 2022

540,000




CHASEWOOD PARK RESIDENTS LIMITED (REGISTERED NUMBER: 06030429)



NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2023


5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR



31.12.23


31.12.22

£   

£   



Other creditors

55,918


54,229




6.

CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:


Number:

Class:

Nominal

31.12.23


31.12.22


value:

£   

£   



87

Ordinary

£1

87


87




7.

RESERVES


Profit



and loss



Share


account -



Retained


premium


Non



earnings


Account


distributable


Totals

£   

£   

£   

£   




At 1 January 2023

(29,259

)

272,260


243,878


486,879




Profit for the year

-

-



At 31 December 2023

(29,259

)

272,260


243,878


486,879