Registered number
03888142
The Chiltern Partnership Ltd
Filleted Accounts
31 March 2024
The Chiltern Partnership Ltd
Registered number: 03888142
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 106,106 106,106
Current assets
Debtors 4 7,341 7,164
Cash at bank and in hand 2,191 3,169
9,532 10,333
Creditors: amounts falling due within one year 5 (4,079) (13)
Net current assets 5,453 10,320
Total assets less current liabilities 111,559 116,426
Creditors: amounts falling due after more than one year 6 (557) (2,565)
Current assets 111,002 113,861
Capital and reserves
Called up share capital 100 100
Profit and loss account 110,902 113,761
Shareholders' funds 111,002 113,861
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Brian J L Cole
Director
Approved by the board on 7 October 2024
The Chiltern Partnership Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2023 106,106
At 31 March 2024 106,106
Amortisation
At 31 March 2024 -
Net book value
At 31 March 2024 106,106
At 31 March 2023 106,106
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Debtors 2024 2023
£ £
Trade debtors 7,341 7,164
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 26 13
Taxation and social security costs 4,053 -
4,079 13
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 557 2,565
7 Other information
The Chiltern Partnership Ltd is a private company limited by shares and incorporated in England. Its registered office is:
1 High Street
Watlington
OXON
OX49 5PH
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