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REGISTERED NUMBER: 02102006 (England and Wales)














Unaudited Financial Statements

for the Year Ended 29 March 2024

for

Chiltern Residential Homes Limited

Chiltern Residential Homes Limited (Registered number: 02102006)






Contents of the Financial Statements
for the Year Ended 29 March 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


Chiltern Residential Homes Limited (Registered number: 02102006)

Balance Sheet
29 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 724,012 744,620

CURRENT ASSETS
Stocks 750 750
Debtors 5 546,204 538,750
Cash at bank 25,372 13,046
572,326 552,546
CREDITORS
Amounts falling due within one year 6 96,470 129,373
NET CURRENT ASSETS 475,856 423,173
TOTAL ASSETS LESS CURRENT LIABILITIES 1,199,868 1,167,793

PROVISIONS FOR LIABILITIES 4,874 5,735
NET ASSETS 1,194,994 1,162,058

CAPITAL AND RESERVES
Called up share capital 24 24
Revaluation reserve 7 507,843 507,843
Retained earnings 687,127 654,191
SHAREHOLDERS' FUNDS 1,194,994 1,162,058

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 March 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 August 2024 and were signed on its behalf by:





H S Kandola - Director


Chiltern Residential Homes Limited (Registered number: 02102006)

Notes to the Financial Statements
for the Year Ended 29 March 2024

1. STATUTORY INFORMATION

Chiltern Residential Homes Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 02102006

Registered office: 23 Kingsfield Oval
Basford
Stoke-on-Trent
Staffordshire
ST4 6HN

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised as the company becomes entitled to consideration for the services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

Chiltern Residential Homes Limited (Registered number: 02102006)

Notes to the Financial Statements - continued
for the Year Ended 29 March 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2023 - 23 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST OR VALUATION
At 30 March 2023
and 29 March 2024 858,350 172,964 554 1,031,868
DEPRECIATION
At 30 March 2023 136,668 150,026 554 287,248
Charge for year 17,167 3,441 - 20,608
At 29 March 2024 153,835 153,467 554 307,856
NET BOOK VALUE
At 29 March 2024 704,515 19,497 - 724,012
At 29 March 2023 721,682 22,938 - 744,620

Cost or valuation at 29 March 2024 is represented by:

Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
Valuation in 2000 507,843 - - 507,843
Cost 350,507 172,964 554 524,025
858,350 172,964 554 1,031,868

If freehold property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 350,507 350,507

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 10,635 19,361
Amounts owed by group undertakings 469,185 452,741
Amounts owed by associates 60,127 56,416
Other debtors 6,257 10,232
546,204 538,750

Chiltern Residential Homes Limited (Registered number: 02102006)

Notes to the Financial Statements - continued
for the Year Ended 29 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 3,558
Taxation and social security 53,968 72,424
Other creditors 42,502 53,391
96,470 129,373

7. RESERVES
Revaluation
reserve
£   
At 30 March 2023
and 29 March 2024 507,843

8. OTHER FINANCIAL COMMITMENTS

There is a fixed and floating charge over the property and assets of the company as part of the cross guarantee arrangements with its bankers in respect of the group's bank lending. At the year end the group's bank lending amounted to £288,531.

9. ULTIMATE CONTROLLING PARTY

The controlling party is SHK Investments Ltd.