Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31Management consultancy62023-01-01false6falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02695189 2023-01-01 2023-12-31 02695189 2022-01-01 2022-12-31 02695189 2023-12-31 02695189 2022-12-31 02695189 c:CompanySecretary1 2023-01-01 2023-12-31 02695189 c:Director1 2023-01-01 2023-12-31 02695189 c:Director2 2023-01-01 2023-12-31 02695189 c:Director3 2023-01-01 2023-12-31 02695189 c:Director4 2023-01-01 2023-12-31 02695189 c:Director5 2023-01-01 2023-12-31 02695189 c:RegisteredOffice 2023-01-01 2023-12-31 02695189 d:FurnitureFittings 2023-01-01 2023-12-31 02695189 d:FurnitureFittings 2023-12-31 02695189 d:FurnitureFittings 2022-12-31 02695189 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 02695189 d:CurrentFinancialInstruments 2023-12-31 02695189 d:CurrentFinancialInstruments 2022-12-31 02695189 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 02695189 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 02695189 d:ShareCapital 2023-12-31 02695189 d:ShareCapital 2022-12-31 02695189 d:RetainedEarningsAccumulatedLosses 2023-12-31 02695189 d:RetainedEarningsAccumulatedLosses 2022-12-31 02695189 c:FRS102 2023-01-01 2023-12-31 02695189 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 02695189 c:FullAccounts 2023-01-01 2023-12-31 02695189 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 02695189 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Registered number: 02695189














CHANTWELL LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 DECEMBER 2023

 
CHANTWELL LIMITED
 
 
COMPANY INFORMATION


Directors
A Lawson 
E R D Lawson 
C M C Lawson 
M D Lawson 
E A D Lawson 




Company secretary
F Porritt



Registered number
02695189



Registered office
Wyke Farm
Wimborne St. Giles

Wimborne

BH21 5NP




Accountants
Sopher + Co LLP
Chartered Accountants

5 Elstree Gate

Elstree Way

Borehamwood

Hertfordshire

WD6 1JD





 
CHANTWELL LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
 
1
Notes to the Financial Statements
 
 
2 - 5


 
CHANTWELL LIMITED
REGISTERED NUMBER:02695189

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,291
1,589

  
2,291
1,589

Current assets
  

Debtors: amounts falling due within one year
 5 
4,976
46,681

Cash at bank and in hand
  
32,361
3,979

  
37,337
50,660

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(50,820)
(57,312)

Net current liabilities
  
 
 
(13,483)
 
 
(6,652)

Net liabilities
  
(11,192)
(5,063)


Capital and reserves
  

Called up share capital 
  
3
3

Profit and loss account
  
(11,195)
(5,066)

  
(11,192)
(5,063)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 19 September 2024.

M D Lawson
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
CHANTWELL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Chantwell Limited is a private company limited by shares incorporated in England and Wales. The registered office is Wyke Farm, Wimborne St. Giles, Dorset, BH21 5NP. 
The principal activity of the company continued to be that of management consultancy. 
The company's functional and presentational currency is £ Sterling.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the time of approving the financial statements, the directors have a reasonable expectations that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continued to adopt the going concern basis of accounting in preparing the financial statements. 

 
2.3

Turnover

Turnover represents net invoiced sales of services.
Income is recognised at the point the service is provided. 

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 2

 
CHANTWELL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 6 (2022 - 6).

Page 3

 
CHANTWELL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Fixtures and fittings

£



Cost 


At 1 January 2023
10,650


Additions
1,256



At 31 December 2023

11,906



Depreciation


At 1 January 2023
9,061


Charge for the year on owned assets
554



At 31 December 2023

9,615



Net book value



At 31 December 2023
2,291



At 31 December 2022
1,589


5.


Debtors

2023
2022
£
£


Trade debtors
-
32,600

Prepayments and accrued income
4,976
14,081

4,976
46,681


Page 4

 
CHANTWELL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
236
3,111

Other taxation and social security
1,132
4,016

Other creditors
45,852
47,685

Accruals and deferred income
3,600
2,500

50,820
57,312



7.


Related party transactions

Included within other creditors are amounts totalling £45,363 (2022 - £46,369) owed to the directors.  These amounts are interest free and repayable on demand.

 
Page 5