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REGISTERED NUMBER: 09856812 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

CHASESIDE LIMITED

CHASESIDE LIMITED (REGISTERED NUMBER: 09856812)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3

Accountants' Report 7

CHASESIDE LIMITED (REGISTERED NUMBER: 09856812)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 61,020 91,530
Tangible assets 5 392,878 415,582
453,898 507,112

CURRENT ASSETS
Stocks 14,834 18,256
Debtors 6 14,723 17,003
Cash at bank 76,520 92,918
106,077 128,177
CREDITORS
Amounts falling due within one year 7 135,235 167,835
NET CURRENT LIABILITIES (29,158 ) (39,658 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

424,740

467,454

CREDITORS
Amounts falling due after more than one
year

8

(39,482

)

(56,209

)

PROVISIONS FOR LIABILITIES (97,700 ) (103,300 )
NET ASSETS 287,558 307,945

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 287,458 307,845
SHAREHOLDERS' FUNDS 287,558 307,945

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

CHASESIDE LIMITED (REGISTERED NUMBER: 09856812)

BALANCE SHEET - continued
31 MARCH 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 October 2024 and were signed by:





Dr O Argyros - Director


CHASESIDE LIMITED (REGISTERED NUMBER: 09856812)

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


1. STATUTORY INFORMATION

Chaseside 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: 09856812

Registered office: Atlas Chambers
33 West Street
Brighton
East Sussex
BN1 2RE

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable for the provision of dental services, excluding discounts and rebates.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Leasehold property15 years straight line
Plant, machinery and equipment25% on reducing balance
Fixtures and fittings25% on reducing balance
Motor vehicles20% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks
Stocks and work in progress are valued at the lower of cost and estimated selling price, 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 Statement of Income and Retained Earnings, 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.


CHASESIDE LIMITED (REGISTERED NUMBER: 09856812)

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


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.

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 305,100
AMORTISATION
At 1 April 2023 213,570
Charge for year 30,510
At 31 March 2024 244,080
NET BOOK VALUE
At 31 March 2024 61,020
At 31 March 2023 91,530

CHASESIDE LIMITED (REGISTERED NUMBER: 09856812)

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


5. TANGIBLE FIXED ASSETS
Plant,
machinery Fixtures
Leasehold and and Motor
Property equipment fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2023 222,225 80,209 210,587 - 513,021
Additions - 1,421 1,626 46,565 49,612
Disposals - (824 ) - - (824 )
At 31 March 2024 222,225 80,806 212,213 46,565 561,809
DEPRECIATION
At 1 April 2023 18,946 22,819 55,674 - 97,439
Charge for year 14,815 14,422 38,903 3,880 72,020
Eliminated on disposal - (528 ) - - (528 )
At 31 March 2024 33,761 36,713 94,577 3,880 168,931
NET BOOK VALUE
At 31 March 2024 188,464 44,093 117,636 42,685 392,878
At 31 March 2023 203,279 57,390 154,913 - 415,582

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 13,878 17,003
Other debtors 845 -
14,723 17,003

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 31,643 45,576
Hire purchase contracts (see note 9) 6,865 -
Trade creditors 10,782 30,319
Taxation and social security 56,285 49,642
Other creditors 29,660 42,298
135,235 167,835

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 12,500 56,209
Hire purchase contracts (see note 9) 26,982 -
39,482 56,209

CHASESIDE LIMITED (REGISTERED NUMBER: 09856812)

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


9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Gross obligations repayable:
Within one year 7,755 -
Between one and five years 28,436 -
36,191 -

Finance charges repayable:
Within one year 890 -
Between one and five years 1,454 -
2,344 -

Net obligations repayable:
Within one year 6,865 -
Between one and five years 26,982 -
33,847 -

ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
CHASESIDE LIMITED


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Chaseside Limited for the year ended 31 March 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a professional firm regulated by the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

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

It is your duty to ensure that Chaseside 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 Chaseside Limited. You consider that Chaseside 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 Chaseside 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.






Galloways Accounting
Atlas Chambers
33 West Street
Brighton
East Sussex
BN1 2RE


Date: .............................................