Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-3122023-04-01falseNo description of principal activity2falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02228251 2023-04-01 2024-03-31 02228251 2022-04-01 2023-03-31 02228251 2024-03-31 02228251 2023-03-31 02228251 c:CompanySecretary1 2023-04-01 2024-03-31 02228251 c:Director1 2023-04-01 2024-03-31 02228251 c:Director2 2023-04-01 2024-03-31 02228251 c:RegisteredOffice 2023-04-01 2024-03-31 02228251 d:Buildings 2023-04-01 2024-03-31 02228251 d:Buildings 2024-03-31 02228251 d:Buildings 2023-03-31 02228251 d:Buildings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 02228251 d:MotorVehicles 2023-04-01 2024-03-31 02228251 d:MotorVehicles 2024-03-31 02228251 d:MotorVehicles 2023-03-31 02228251 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 02228251 d:FurnitureFittings 2023-04-01 2024-03-31 02228251 d:FurnitureFittings 2024-03-31 02228251 d:FurnitureFittings 2023-03-31 02228251 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 02228251 d:ComputerEquipment 2023-04-01 2024-03-31 02228251 d:ComputerEquipment 2024-03-31 02228251 d:ComputerEquipment 2023-03-31 02228251 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 02228251 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 02228251 d:CurrentFinancialInstruments 2024-03-31 02228251 d:CurrentFinancialInstruments 2023-03-31 02228251 d:Non-currentFinancialInstruments 2024-03-31 02228251 d:Non-currentFinancialInstruments 2023-03-31 02228251 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 02228251 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 02228251 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 02228251 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 02228251 d:ShareCapital 2024-03-31 02228251 d:ShareCapital 2023-03-31 02228251 d:RetainedEarningsAccumulatedLosses 2024-03-31 02228251 d:RetainedEarningsAccumulatedLosses 2023-03-31 02228251 c:FRS102 2023-04-01 2024-03-31 02228251 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 02228251 c:FullAccounts 2023-04-01 2024-03-31 02228251 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 02228251 d:HirePurchaseContracts d:WithinOneYear 2024-03-31 02228251 d:HirePurchaseContracts d:WithinOneYear 2023-03-31 02228251 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-03-31 02228251 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-03-31 02228251 6 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Company registration number: 02228251







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024


CHILWORTH COMMUNICATIONS LIMITED






































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CHILWORTH COMMUNICATIONS LIMITED
 


 
COMPANY INFORMATION


Directors
G.V.K. Wong 
P.R. Hayes 




Company secretary
M.F. Smith



Registered number
02228251



Registered office
Ashcombe House
5 The Crescent

Leatherhead

Surrey

KT22 8DY




Accountants
Menzies LLP
Chartered Accountants

Ashcombe House

5 The Crescent

Leatherhead

Surrey

KT22 8DY





 


CHILWORTH COMMUNICATIONS LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 7


 


CHILWORTH COMMUNICATIONS LIMITED
REGISTERED NUMBER:02228251



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
873,820
905,256

Investments
 5 
3,483,223
3,483,223

  
4,357,043
4,388,479

Current assets
  

Debtors: amounts falling due within one year
 6 
12,374
10,659

Cash at bank and in hand
  
30,459
19,826

  
42,833
30,485

Creditors: amounts falling due within one year
 7 
(401,516)
(345,813)

Net current liabilities
  
 
 
(358,683)
 
 
(315,328)

Total assets less current liabilities
  
3,998,360
4,073,151

Creditors: amounts falling due after more than one year
 8 
(565,725)
(575,120)

Provisions for liabilities
  

Deferred tax
  
(395,749)
(398,523)

  
 
 
(395,749)
 
 
(398,523)

Net assets
  
3,036,886
3,099,508


Capital and reserves
  

Allotted, called up and fully paid share capital
  
10,000
10,000

Profit and loss account
  
3,026,886
3,089,508

  
3,036,886
3,099,508


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.
 
Page 1

 


CHILWORTH COMMUNICATIONS LIMITED
REGISTERED NUMBER:02228251


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024


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 income and retained earnings 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 by: 




G.V.K. Wong
Director

Date: 2 October 2024

The notes on pages 3 to 7 form part of these financial statements.
Page 2

 


CHILWORTH COMMUNICATIONS LIMITED
 


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

1.


General information

The company is a private company limited by shares and incorporated in England and Wales. The address of the registered office is given in the company information page of these financial statements. The principal place of business is 106 Star Street, London, W2 1QF.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

 
2.2

Going concern

At the balance sheet date, the company had net current liabilities of £358,683 (2023 - £315,328).
Given the uncertainties that exist, this may cast significant doubt on the company’s ability to continue as a
going concern, however, the Directors believe that, with the ongoing financial support of the shareholders and with the actions they have taken should enable them to continue in operational existence for at least twelve months following approval of these financial statements.

 
2.3

Turnover

Turnover consist of media consultancy along with rents receivable on investment property.

 
2.4

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
2%
straight line (excluding land costs of £400,000)
Motor vehicles
-
20%
reducing balance
Fixtures and fittings
-
20%
straight line
Computer equipment
-
25%
straight line

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.

 
2.5

Investments

Investments consist of properties which are subject to an annual impairment review to open market value, which is carried out by the directors at the year end.

Page 3

 


CHILWORTH COMMUNICATIONS LIMITED
 


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

2.Accounting policies (continued)

 
2.6

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 other third parties, loans to related parties and investments in ordinary shares.

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Statement of Financial Position date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 4

 


CHILWORTH COMMUNICATIONS LIMITED
 


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

4.


Tangible fixed assets





Freehold property
Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 April 2023
1,138,367
100,863
41,037
23,367
1,303,634



At 31 March 2024

1,138,367
100,863
41,037
23,367
1,303,634



Depreciation


At 1 April 2023
316,454
17,520
41,037
23,367
398,378


Charge for the year
14,767
16,669
-
-
31,436



At 31 March 2024

331,221
34,189
41,037
23,367
429,814



Net book value



At 31 March 2024
807,146
66,674
-
-
873,820



At 31 March 2023
821,913
83,343
-
-
905,256

The company's freehold property was valued by the directors at their open market value at 31 March 2024. No further valuation is needed.


5.


Investments





Investment property

£



Cost or valuation


At 1 April 2023
3,483,223



At 31 March 2024
3,483,223




The company's investment properties were valued by the directors at their open market value at 31 March 2024. The historical cost of the properties is £1,510,713.

Page 5

 


CHILWORTH COMMUNICATIONS LIMITED
 


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

6.


Debtors

2024
2023
£
£


Other debtors
2,312
2,100

Prepayments and accrued income
10,062
8,559

12,374
10,659



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other taxation and social security
5,126
4,403

Obligations under finance lease and hire purchase contracts
9,395
8,780

Other creditors
331,644
317,116

Accruals and deferred income
55,351
15,514

401,516
345,813


The finance lease is secured against the fixed asset included in this contract.


8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
500,000
500,000

Net obligations under finance leases and hire purchase contracts
65,725
75,120

565,725
575,120


The bank loan is secured via a floating charge over the assets of the company.
The finance lease is secured against the fixed asset included in this contract.

Page 6

 


CHILWORTH COMMUNICATIONS LIMITED
 


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

9.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
9,395
8,780

Between 1-5 years
65,725
75,120

75,120
83,900

The finance lease is secured against the fixed asset included in this contract.


10.


Transactions with directors

Included within other creditors are the following transactions with the directors.


2024
2023
£
£

Balance outstanding at start of year
(277,625)
(187,891)
Amounts advanced
(35,142)
(116,597)
Amounts repaid
55,161
26,863
(257,606)
(277,625)

Interest is not being charged on this loan. The loan is repayable on demand.


11.


Profit and loss reserve

Within the profit and loss reserve account are non distributable profits in respect of the historic revaluation of investment property of £1,576,761 (2023: £1,594,740), after taking into account taxation.

 
Page 7