Chiddingstone Consulting Limited
Unaudited Financial Statements
For the year ended 31 December 2023
Pages for Filing with Registrar
Company Registration No. 08622304 (England and Wales)
Chiddingstone Consulting Limited
Company Information
Directors
Mr I Coleman
Mrs S Coleman
Company number
08622304
Registered office
6th Floor
9 Appold Street
London
EC2A 2AP
Accountants
Moore Kingston Smith LLP
6th Floor
9 Appold Street
London
EC2A 2AP
Chiddingstone Consulting Limited
Contents
Page
Balance sheet
2
Notes to the financial statements
4 - 6
Chiddingstone Consulting Limited
Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Chiddingstone Consulting Limited for the year ended 31 December 2023
Page 1

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval

the financial statements of Chiddingstone Consulting Limited for the year ended 31 December 2022 which

comprise the Profit And Loss Account, the Balance Sheet, the Statement of Changes in Equity and the

related notes from the company’s accounting records and from information and explanations you have given

us.

 

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are

subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/

members/regulations-standards-and-guidance .

This report is made solely to the Board of Directors of Chiddingstone Consulting Limited, as a body, in accordance with the terms of our engagement letter dated 26 November 2020. Our work has been undertaken solely to prepare for your approval the financial statements of Chiddingstone Consulting Limited and state those matters that we have agreed to state to the Board of Directors of Chiddingstone Consulting Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Chiddingstone Consulting Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Chiddingstone Consulting Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Chiddingstone Consulting Limited. You consider that Chiddingstone Consulting Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Chiddingstone Consulting Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Moore Kingston Smith LLP
1 October 2024
Chartered Accountants
6th Floor
9 Appold Street
London
EC2A 2AP
Chiddingstone Consulting Limited
Balance Sheet
As at 31 December 2023
Page 2
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
4
13,876
2,145
Current assets
Debtors
5
24,284
3,151
Cash at bank and in hand
3,150
84,918
27,434
88,069
Creditors: amounts falling due within one year
6
(13,854)
(42,530)
Net current assets
13,580
45,539
Net assets
27,456
47,684
Capital and reserves
Called up share capital
7
1
1
Profit and loss reserves
27,455
47,683
Total equity
27,456
47,684

For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 1 October 2024 and are signed on its behalf by:
Mr I Coleman
Director
Company Registration No. 08622304
Chiddingstone Consulting Limited
Statement of Changes in Equity
For the year ended 31 December 2023
Page 3
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 January 2022
1
12,374
12,375
Year ended 31 December 2022:
Profit and total comprehensive income for the year
-
86,809
86,809
Dividends
3
-
(51,500)
(51,500)
Balance at 31 December 2022
1
47,683
47,684
Year ended 31 December 2023:
Profit and total comprehensive income for the year
-
9,772
9,772
Dividends
3
-
(30,000)
(30,000)
Balance at 31 December 2023
1
27,455
27,456
Chiddingstone Consulting Limited
Notes to the Financial Statements
For the year ended 31 December 2023
Page 4
1
Accounting policies
Company information

Chiddingstone Consulting Limited is a private company limited by shares incorporated and domiciled in England and Wales. The registered office is 6th Floor, 9 Appold Street, London, EC2A 2AP.

1.1
Accounting convention

These financial statements have been prepared in accordance with Section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound.

The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents amounts receivable for services net of VAT.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computer equipment
4 years straight line
Motor vehicles
5 years straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

Basic financial instruments are measured at cost. The company has no other financial instruments or basic financial instruments measured at fair value.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Chiddingstone Consulting Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2023
1
Accounting policies
(Continued)
Page 5
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.8
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Employees

The company has no employees (including directors) during the current or prior year.

3
Dividends
2023
2022
£
£
Final paid
30,000
51,500
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2023
8,755
Additions
13,333
At 31 December 2023
22,088
Depreciation and impairment
At 1 January 2023
6,610
Depreciation charged in the year
1,602
At 31 December 2023
8,212
Carrying amount
At 31 December 2023
13,876
At 31 December 2022
2,145
Chiddingstone Consulting Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2023
Page 6
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Corporation tax recoverable
-
0
3,151
Other debtors
16,221
-
Prepayments and accrued income
8,063
-
0
24,284
3,151
6
Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
2,484
20,595
Other taxation and social security
-
0
12,880
Other creditors
6,695
5,555
Accruals and deferred income
4,675
3,500
13,854
42,530
7
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A shares of 1p each
60
60
1
1
Ordinary B shares of 1p each
40
40
-
-

The shares rank pari passu in all respects except for the payment of dividends.

8
Directors' transactions

Dividends totalling £30,000 (2022: £51,500) were paid in the year in respect of shares held by the company's directors.

Included within other creditors is a balance of £6,695 (2022: £5,555) due to the directors.

 

Included in other debtors is related party loan to J. Coleman of £16,154 (2022: £0)

9
Parent company

The controlling interest in the company is held by I Coleman by virtue of his majority shareholding.

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