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Company Registration No. 5012387 (England and Wales)
Chiefplace Estates Limited Unaudited accounts for the year ended 30 April 2024
Chiefplace Estates Limited Unaudited accounts Contents
Page
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Chiefplace Estates Limited Company Information for the year ended 30 April 2024
Directors
Paul Hedges Paul Hedges
Company Number
5012387 (England and Wales)
Registered Office
New Westcliff Hotel 27-29 Chine Crescent Bournemouth DORSET BH2 5LB
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Chiefplace Estates Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,384,070 
1,296,392 
Current assets
Inventories
500 
500 
Debtors
16,128 
36,428 
Cash at bank and in hand
597,441 
473,529 
614,069 
510,457 
Creditors: amounts falling due within one year
(235,187)
(184,002)
Net current assets
378,882 
326,455 
Total assets less current liabilities
1,762,952 
1,622,847 
Creditors: amounts falling due after more than one year
(401,268)
(433,214)
Provisions for liabilities
Deferred tax
(5,571)
(5,571)
Net assets
1,356,113 
1,184,062 
Capital and reserves
Share premium
1,000 
1,000 
Profit and loss account
1,355,113 
1,183,062 
Shareholders' funds
1,356,113 
1,184,062 
For the year ending 30 April 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 16 September 2024 and were signed on its behalf by
Paul Hedges Director Company Registration No. 5012387
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Chiefplace Estates Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Chiefplace Estates Limited is a private company, limited by shares, registered in England and Wales, registration number 5012387. The registered office is New Westcliff Hotel, 27-29 Chine Crescent, Bournemouth, DORSET, BH2 5LB .
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.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
4 year Straight Line Basis
Fixtures & fittings
20% Reducing Balance
Computer equipment
3 year Straight Line Basis
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 May 2023
170,000 
At 30 April 2024
170,000 
Amortisation
At 1 May 2023
170,000 
At 30 April 2024
170,000 
Net book value
At 30 April 2024
- 
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Chiefplace Estates Limited Notes to the Accounts for the year ended 30 April 2024
5
Tangible fixed assets
Land & buildings 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 May 2023
1,264,215 
10,000 
232,931 
5,882 
1,513,028 
Additions
- 
127,475 
48 
- 
127,523 
At 30 April 2024
1,264,215 
137,475 
232,979 
5,882 
1,640,551 
Depreciation
At 1 May 2023
- 
5,000 
205,793 
5,843 
216,636 
Charge for the year
- 
34,369 
5,437 
39 
39,845 
At 30 April 2024
- 
39,369 
211,230 
5,882 
256,481 
Net book value
At 30 April 2024
1,264,215 
98,106 
21,749 
- 
1,384,070 
At 30 April 2023
1,264,215 
5,000 
27,138 
39 
1,296,392 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
3,946 
2,050 
Accrued income and prepayments
6,182 
12,378 
Other debtors
6,000 
22,000 
16,128 
36,428 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
69,337 
66,400 
Trade creditors
99,348 
45,419 
Taxes and social security
57,826 
59,439 
Other creditors
2,476 
6,544 
Accruals
6,200 
6,200 
235,187 
184,002 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
401,268 
433,214 
9
Average number of employees
During the year the average number of employees was 3 (2023: 6).
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