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
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
Chiefplace Estates Limited
Statement of financial position
as at 30 April 2024
Tangible assets
1,384,070
1,296,392
Cash at bank and in hand
597,441
473,529
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
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
Chiefplace Estates Limited
Notes to the Accounts
for the year ended 30 April 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
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
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
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
Amounts falling due within one year
Accrued income and prepayments
6,182
12,378
Other debtors
6,000
22,000
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
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).