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REGISTERED NUMBER: 02624265 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Hilbery Chaplin Residential Limited

Hilbery Chaplin Residential Limited (Registered number: 02624265)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hilbery Chaplin Residential Limited

Company Information
for the Year Ended 31 December 2023







Directors: N H Chaplin MRICS
R M Chaplin MRICS





Secretary: N H Chaplin MRICS





Registered office: 86 Market Place
Romford
Essex
RM1 3HQ





Registered number: 02624265 (England and Wales)





Accountants: Pinkham Blair
Chartered Accountants
87a High Street
The Old Town
Hemel Hempstead
Hertfordshire
HP1 3AH

Hilbery Chaplin Residential Limited (Registered number: 02624265)

Balance Sheet
31 December 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 4 46,481 61,354
Investments 5 - 20,944
46,481 82,298

Current assets
Debtors 6 294,915 246,598
Cash at bank 17,153 26,668
312,068 273,266
Creditors
Amounts falling due within one year 7 1,560,869 1,339,794
Net current liabilities (1,248,801 ) (1,066,528 )
Total assets less current liabilities (1,202,320 ) (984,230 )

Capital and reserves
Called up share capital 8 175,000 175,000
Retained earnings (1,377,320 ) (1,159,230 )
Shareholders' funds (1,202,320 ) (984,230 )

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.

Hilbery Chaplin Residential Limited (Registered number: 02624265)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 September 2024 and were signed on its behalf by:





N H Chaplin MRICS - Director


Hilbery Chaplin Residential Limited (Registered number: 02624265)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. Statutory information

Hilbery Chaplin Residential 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.

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
Turnover represents the amounts chargeable to clients for professional services provided during the year, net of value added tax. Revenue is recognised when the service is performed in accordance with the terms of the contractual agreement.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on cost, 25% on reducing balance and 10% on cost

Tangible fixed assets are held at cost less accumulated depreciation. 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.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and loans to and from related parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

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.


Hilbery Chaplin Residential Limited (Registered number: 02624265)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Investments
Investments are included at fair value as listed on the London Stock Exchange except where there is a restriction on sale, in which case they are included at the lower of cost and net realisable value.

Going concern
The company has a deficit on shareholders' funds at the balance sheet date and is reliant on the support of other group companies. The company has received a written confirmation from the parent company regarding this support and the directors are confident that the proposed support will be forthcoming. In choosing to adopt the going concern basis for preparing the accounts the directors have considered a period of one year from the date of approval of the financial statements.

3. Employees and directors

The average number of employees during the year was 27 (2022 - 28 ) .

Hilbery Chaplin Residential Limited (Registered number: 02624265)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. Tangible fixed assets
Plant and
machinery
etc
£
Cost
At 1 January 2023 203,533
Additions 9,147
Disposals (19,555 )
At 31 December 2023 193,125
Depreciation
At 1 January 2023 142,179
Charge for year 24,020
Eliminated on disposal (19,555 )
At 31 December 2023 146,644
Net book value
At 31 December 2023 46,481
At 31 December 2022 61,354

5. Fixed asset investments
Other
investments
£
Cost
At 1 January 2023 20,944
Disposals (20,944 )
At 31 December 2023 -
Net book value
At 31 December 2023 -
At 31 December 2022 20,944


6. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 47,213 21,590
Amounts owed by group undertakings 120,521 114,571
Other debtors 127,181 110,437
294,915 246,598

Hilbery Chaplin Residential Limited (Registered number: 02624265)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts 83,475 74,265
Trade creditors 76,939 58,222
Amounts owed to group undertakings 1,308,705 1,137,304
Taxation and social security 68,575 49,888
Other creditors 23,175 20,115
1,560,869 1,339,794

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
175,000 Ordinary £1 175,000 175,000

9. Contingent liabilities

The company's assets are subject to a legal charge and debenture in respect of bank loans totalling £2,405,000 held by the group.

10. Related party disclosures

The company was owed £6,200 (2022: £6,200) by Togo Homes Limited. N H Chaplin and R M Chaplin are directors of Togo Homes Limited.

11. Ultimate controlling party

The company is a subsidiary of Alberslinks Limited. The ultimate parent company is Maylands Green Limited. Both companies are registered in England & Wales. Group accounts are available from Companies House, Cardiff.


Registered Office:
84 Market Place,
Romford,
Essex,
RM1 3JE