IRIS Accounts Production v24.2.0.383 00168800 Board of Directors 1.2.23 31.1.24 31.1.24 true false true false false true false Fair value model Ordinary 0.25000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh001688002023-01-31001688002024-01-31001688002023-02-012024-01-31001688002022-01-31001688002022-02-012023-01-31001688002023-01-3100168800ns15:EnglandWales2023-02-012024-01-3100168800ns14:PoundSterling2023-02-012024-01-3100168800ns10:Director12023-02-012024-01-3100168800ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3100168800ns10:SmallEntities2023-02-012024-01-3100168800ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3100168800ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3100168800ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3100168800ns10:FullAccounts2023-02-012024-01-3100168800ns10:OrdinaryShareClass12023-02-012024-01-3100168800ns10:Director22023-02-012024-01-3100168800ns10:Director32023-02-012024-01-3100168800ns10:CompanySecretary12023-02-012024-01-3100168800ns10:RegisteredOffice2023-02-012024-01-3100168800ns5:CurrentFinancialInstruments2024-01-3100168800ns5:CurrentFinancialInstruments2023-01-3100168800ns5:ShareCapital2024-01-3100168800ns5:ShareCapital2023-01-3100168800ns5:FurtherSpecificReserve2ComponentTotalEquity2024-01-3100168800ns5:FurtherSpecificReserve2ComponentTotalEquity2023-01-3100168800ns5:FurtherSpecificReserve3ComponentTotalEquity2024-01-3100168800ns5:FurtherSpecificReserve3ComponentTotalEquity2023-01-3100168800ns5:RetainedEarningsAccumulatedLosses2024-01-3100168800ns5:RetainedEarningsAccumulatedLosses2023-01-3100168800ns5:CostValuation2023-01-3100168800ns5:ListedExchangeTradedns5:CostValuation2023-01-3100168800ns5:AdditionsToInvestments2024-01-3100168800ns5:ListedExchangeTradedns5:AdditionsToInvestments2024-01-3100168800ns5:DisposalsRepaymentsInvestments2024-01-3100168800ns5:DisposalsRepaymentsInvestmentsns5:ListedExchangeTraded2024-01-3100168800ns5:RevaluationsIncreaseDecreaseInInvestments2024-01-3100168800ns5:ListedExchangeTradedns5:RevaluationsIncreaseDecreaseInInvestments2024-01-3100168800ns5:CostValuation2024-01-3100168800ns5:ListedExchangeTradedns5:CostValuation2024-01-3100168800ns5:ListedExchangeTraded2024-01-3100168800ns5:ListedExchangeTraded2023-01-3100168800ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-3100168800ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-3100168800ns5:DeferredTaxation2023-01-3100168800ns5:DeferredTaxation2023-02-012024-01-3100168800ns5:DeferredTaxation2024-01-3100168800ns10:OrdinaryShareClass12024-01-31
REGISTERED NUMBER: 00168800 (England and Wales)









CHIPPERFIELD & BUTLER LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024






CHIPPERFIELD & BUTLER LIMITED (REGISTERED NUMBER: 00168800)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CHIPPERFIELD & BUTLER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: C C K Butler
J A Butler
N W H Ericsson





SECRETARY: N W H Ericsson





REGISTERED OFFICE: Pavilion View
19 New Road
Brighton
East Sussex
BN1 1EY





REGISTERED NUMBER: 00168800 (England and Wales)





ACCOUNTANTS: Hartley Fowler LLP
Chartered Accountants
Pavilion View
19 New Road
Brighton
East Sussex
BN1 1EY

CHIPPERFIELD & BUTLER LIMITED (REGISTERED NUMBER: 00168800)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 590,848 625,345
Investment property 5 1,950,000 1,950,000
2,540,848 2,575,345

CURRENT ASSETS
Debtors 6 19,388 14,896
Cash at bank 2,351 7,419
21,739 22,315
CREDITORS
Amounts falling due within one year 7 31,025 30,804
NET CURRENT LIABILITIES (9,286 ) (8,489 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,531,562

2,566,856

PROVISIONS FOR LIABILITIES 8 200,667 220,217
NET ASSETS 2,330,895 2,346,639

CAPITAL AND RESERVES
Called up share capital 9 8,646 8,646
Other reserves 5,938 5,938
Fair value reserve 1,122,392 1,122,392
Retained earnings 1,193,919 1,209,663
SHAREHOLDERS' FUNDS 2,330,895 2,346,639

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

CHIPPERFIELD & BUTLER LIMITED (REGISTERED NUMBER: 00168800)

BALANCE SHEET - continued
31 JANUARY 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2024 and were signed on its behalf by:





C C K Butler - Director


CHIPPERFIELD & BUTLER LIMITED (REGISTERED NUMBER: 00168800)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

Chipperfield & Butler 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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about Chipperfield & Butler Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Revenue is measured at fair value of the consideration received or receivable.

Turnover represents gross rent receivable from the letting of the company's investment properties. Rent receivable is recognised on a straight-line basis over the lease term.

Other income includes income from subsidiaries and listed investments.

Interest receivable is recognised using the effective interest rate method.

Investment property
Investment property is shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in income statement and transferred to the fair value reserve at the balance sheet date.

Investments
Investments in shares that are publicly traded or their fair value can otherwise be reliable measured are stated at fair value, with the exception of investments in subsidiaries.Movements in fair value are recognised in the income statement. If fair values cannot be reliably measured, such investments are stated at cost less impairments.

Investments in subsidiary undertakings are stated at cost less impairments.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


CHIPPERFIELD & BUTLER LIMITED (REGISTERED NUMBER: 00168800)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


2. ACCOUNTING POLICIES - continued
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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivables or payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in income statement unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group Listed
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 1 February 2023 11,815 613,530 625,345
Additions - 70,371 70,371
Disposals - (86,727 ) (86,727 )
Revaluations - (18,141 ) (18,141 )
At 31 January 2024 11,815 579,033 590,848
NET BOOK VALUE
At 31 January 2024 11,815 579,033 590,848
At 31 January 2023 11,815 613,530 625,345

Cost or valuation at 31 January 2024 is represented by:

Shares in
group Listed
undertakings investments Totals
£    £    £   
Valuation in 2023 - 49,584 49,584
Cost 11,815 529,449 541,264
11,815 579,033 590,848

The fair values of listed investments are determined by reference to an active market at the balance sheet date.

CHIPPERFIELD & BUTLER LIMITED (REGISTERED NUMBER: 00168800)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023
and 31 January 2024 1,950,000
NET BOOK VALUE
At 31 January 2024 1,950,000
At 31 January 2023 1,950,000

The directors consider the value of the investment property as at 31 January 2024 to be fair value. The fair value has been determined by reference to properties of a similar size, condition, location and letting potential to those held by the company.

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2016 1,484,411
Valuation in 2018 275,000
Valuation in 2019 (50,000 )
Valuation in 2021 (150,000 )
Valuation in 2022 110,000
Valuation in 2023 (360,000 )
Cost 640,589
1,950,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,739 9,607
Other debtors 12,649 5,289
19,388 14,896

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 1,000 -
Taxation and social security 15,471 16,705
Other creditors 14,554 14,099
31,025 30,804

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 200,667 220,217

CHIPPERFIELD & BUTLER LIMITED (REGISTERED NUMBER: 00168800)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 February 2023 220,217
Provided during year (19,550 )
Balance at 31 January 2024 200,667

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
34,584 Ordinary 25p 8,646 8,646