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REGISTERED NUMBER: 09760958 (England and Wales)















Chase Commercial (Gloucester) Limited

Unaudited Financial Statements

for the Year Ended 31 December 2023






Chase Commercial (Gloucester) Limited (Registered number: 09760958)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 5


Chase Commercial (Gloucester) Limited

Company Information
for the year ended 31 December 2023







DIRECTORS: Ms G J Ackrill
Mr J R Meredith





REGISTERED OFFICE: 13 The Courtyard
Timothy's Bridge Road
Stratford upon Avon
Warwickshire
CV37 9NP





REGISTERED NUMBER: 09760958 (England and Wales)





ACCOUNTANTS: Grenfell James Associates Limited
13 The Courtyard
Timothys Bridge Road
Stratford upon Avon
Warwickshire
CV37 9NP

Chase Commercial (Gloucester) Limited (Registered number: 09760958)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 4 1,125,016 1,125,016
Debtors 5 27,030 25,444
Cash at bank 17,448 16,488
1,169,494 1,166,948
CREDITORS
Amounts falling due within one year 6 26,221 164,721
NET CURRENT ASSETS 1,143,273 1,002,227
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,143,273

1,002,227

CREDITORS
Amounts falling due after more than one
year

7

(865,822

)

(717,444

)

PROVISIONS FOR LIABILITIES (1,185 ) -
NET ASSETS 276,266 284,783

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 276,166 284,683
SHAREHOLDERS' FUNDS 276,266 284,783

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.

Chase Commercial (Gloucester) Limited (Registered number: 09760958)

Balance Sheet - continued
31 December 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 August 2024 and were signed on its behalf by:





Mr J R Meredith - Director


Chase Commercial (Gloucester) Limited (Registered number: 09760958)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Chase Commercial (Gloucester) 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks
Stock represents the site purchased at Metz Way, Triangle Park, Gloucester and associated development costs incurred. The site is currently being developed and is held for resale.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 2 (2022 - 2 ) .

4. STOCKS
2023 2022
£    £   
Work-in-progress 1,125,016 1,125,016

Chase Commercial (Gloucester) Limited (Registered number: 09760958)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 24,632 22,194
Other debtors 2,398 3,250
27,030 25,444

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 11,212 -
Taxation and social security 59 62,339
Other creditors 14,950 102,382
26,221 164,721

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 216,376 217,444
Other creditors 649,446 500,000
865,822 717,444

8. RELATED PARTY DISCLOSURES

Chase Commercial Limited
A company in which the entity owns 50% of the shareholding.

An amount of £649,446 (2022: £250,000) is included within other loans at the year end. The loan is interest free and is repayable upon demand.