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REGISTERED NUMBER: 05817011 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Chase Holdings Limited

Chase Holdings Limited (Registered number: 05817011)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Chase Holdings Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: S J Barnard
Mrs J Barnard





SECRETARY: Mrs J Barnard





REGISTERED OFFICE: 5B Plant Lane Business Park
Plant Lane
Burntwood
Staffordshire
WS7 3GN





REGISTERED NUMBER: 05817011 (England and Wales)





ACCOUNTANTS: Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD

Chase Holdings Limited (Registered number: 05817011)

Balance Sheet
31 May 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 18,816 22,157
Investments 5 2 2
18,818 22,159

CURRENT ASSETS
Debtors 6 29,263 57,882
Cash at bank 11 17
29,274 57,899
CREDITORS
Amounts falling due within one year 7 - (33,028 )
NET CURRENT ASSETS 29,274 24,871
TOTAL ASSETS LESS CURRENT
LIABILITIES

48,092

47,030

PROVISIONS FOR LIABILITIES 8 (2,360 ) (2,750 )
NET ASSETS 45,732 44,280

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 45,632 44,180
SHAREHOLDERS' FUNDS 45,732 44,280

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Chase Holdings Limited (Registered number: 05817011)

Balance Sheet - continued
31 May 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 September 2024 and were signed on its behalf by:





S J Barnard - Director


Chase Holdings Limited (Registered number: 05817011)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Chase Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

3. EMPLOYEES AND DIRECTORS

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

Chase Holdings Limited (Registered number: 05817011)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2023
and 31 May 2024 106,720 14,007 5,125 2,848 128,700
DEPRECIATION
At 1 June 2023 87,123 12,015 4,962 2,443 106,543
Charge for year 2,940 299 41 61 3,341
At 31 May 2024 90,063 12,314 5,003 2,504 109,884
NET BOOK VALUE
At 31 May 2024 16,657 1,693 122 344 18,816
At 31 May 2023 19,597 1,992 163 405 22,157

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 June 2023
and 31 May 2024 2
NET BOOK VALUE
At 31 May 2024 2
At 31 May 2023 2

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Burntwood Roadsweepers Limited
Registered office: 5b Plant Lane Business Park, Plant Lane, Burntwood, Staffordshire, WS7 3GN
Nature of business: Roadsweeping and drain clearance
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves 2,390,391 2,261,368
Profit for the year 224,023 65,886

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 9,354 -
Other debtors 19,909 57,882
29,263 57,882

Chase Holdings Limited (Registered number: 05817011)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings - 33,028

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 2,360 2,750

Deferred
tax
£   
Balance at 1 June 2023 2,750
Credit to Profit and Loss Account during year (390 )
Balance at 31 May 2024 2,360

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
35 Ordinary A £1 35 35
35 Ordinary B £1 35 35
15 Ordinary C £1 15 15
15 Ordinary D £1 15 15
100 100

The A, B, C and D ordinary shares are separate classes of shares and are entitled to dividends declared from time to time on a discretionary basis on each class of share, as a separate class right, but in all other respects the shares rank pari passu.

10. RELATED PARTY DISCLOSURES

Burntwood Roadsweepers Limited

Subsidiary


At 31 May 2024, the balance due from/(to) the subsidiary undertaking was £9,354 [2023 - (£33,028)].

The amount due from Burntwood Roadsweepers Limited is unsecured and has no specific terms regarding payment of interest. The amount due is repayable on demand but the directors of Chase Holdings Limited have given their assurance that the amount will not be demanded for repayment until such time as Burntwood Roadsweepers Limited can afford to do so without detriment to its operating and working capital requirements.

Directors Loan Account


At the 31 May 2024 the directors owed Chase Holdings Limited £19,909, this was repaid in full subsequent to year end date.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Chase Holdings Limited

The following reproduces the text of the report prepared for the directors 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 Directors 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 Chase Holdings Limited for the year ended 31 May 2024 which comprise the Profit and Loss Account, Balance Sheet, 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 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 Board of Directors of Chase Holdings Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Chase Holdings Limited and state those matters that we have agreed to state to the Board of Directors of Chase Holdings Limited, as a body, 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 Chase Holdings Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Chase Holdings 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 Chase Holdings Limited. You consider that Chase Holdings 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 Chase Holdings 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.






Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD


4 September 2024