2023-01-012023-12-312023-12-31false08475350CHALYBEATE PROPERTY LTD2024-10-17iso4217:GBPxbrli:pure084753502023-01-01084753502023-12-31084753502023-01-012023-12-31084753502022-01-01084753502022-12-31084753502022-01-012022-12-3108475350bus:SmallEntities2023-01-012023-12-3108475350bus:AuditExempt-NoAccountantsReport2023-01-012023-12-3108475350bus:FullAccounts2023-01-012023-12-3108475350bus:PrivateLimitedCompanyLtd2023-01-012023-12-3108475350core:WithinOneYear2023-12-3108475350core:AfterOneYear2023-12-3108475350core:WithinOneYear2022-12-3108475350core:AfterOneYear2022-12-3108475350core:ShareCapital2023-12-3108475350core:SharePremium2023-12-3108475350core:RevaluationReserve2023-12-3108475350core:OtherReservesSubtotal2023-12-3108475350core:RetainedEarningsAccumulatedLosses2023-12-3108475350core:ShareCapital2022-12-3108475350core:SharePremium2022-12-3108475350core:RevaluationReserve2022-12-3108475350core:OtherReservesSubtotal2022-12-3108475350core:RetainedEarningsAccumulatedLosses2022-12-3108475350core:LandBuildings2023-12-3108475350core:PlantMachinery2023-12-3108475350core:Vehicles2023-12-3108475350core:FurnitureFittings2023-12-3108475350core:OfficeEquipment2023-12-3108475350core:NetGoodwill2023-12-3108475350core:IntangibleAssetsOtherThanGoodwill2023-12-3108475350core:ListedExchangeTraded2023-12-3108475350core:UnlistedNon-exchangeTraded2023-12-3108475350core:LandBuildings2022-12-3108475350core:PlantMachinery2022-12-3108475350core:Vehicles2022-12-3108475350core:FurnitureFittings2022-12-3108475350core:OfficeEquipment2022-12-3108475350core:NetGoodwill2022-12-3108475350core:IntangibleAssetsOtherThanGoodwill2022-12-3108475350core:ListedExchangeTraded2022-12-3108475350core:UnlistedNon-exchangeTraded2022-12-3108475350core:LandBuildings2023-01-012023-12-3108475350core:PlantMachinery2023-01-012023-12-3108475350core:Vehicles2023-01-012023-12-3108475350core:FurnitureFittings2023-01-012023-12-3108475350core:OfficeEquipment2023-01-012023-12-3108475350core:NetGoodwill2023-01-012023-12-3108475350core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3108475350core:ListedExchangeTraded2023-01-012023-12-3108475350core:UnlistedNon-exchangeTraded2023-01-012023-12-3108475350core:MoreThanFiveYears2023-01-012023-12-3108475350core:Non-currentFinancialInstruments2023-12-3108475350core:Non-currentFinancialInstruments2022-12-3108475350dpl:CostSales2023-01-012023-12-3108475350dpl:DistributionCosts2023-01-012023-12-3108475350core:LandBuildings2023-01-012023-12-3108475350core:PlantMachinery2023-01-012023-12-3108475350core:Vehicles2023-01-012023-12-3108475350core:FurnitureFittings2023-01-012023-12-3108475350core:OfficeEquipment2023-01-012023-12-3108475350dpl:AdministrativeExpenses2023-01-012023-12-3108475350core:NetGoodwill2023-01-012023-12-3108475350core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3108475350dpl:GroupUndertakings2023-01-012023-12-3108475350dpl:ParticipatingInterests2023-01-012023-12-3108475350dpl:GroupUndertakingscore:ListedExchangeTraded2023-01-012023-12-3108475350core:ListedExchangeTraded2023-01-012023-12-3108475350dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-01-012023-12-3108475350core:UnlistedNon-exchangeTraded2023-01-012023-12-3108475350dpl:CostSales2022-01-012022-12-3108475350dpl:DistributionCosts2022-01-012022-12-3108475350core:LandBuildings2022-01-012022-12-3108475350core:PlantMachinery2022-01-012022-12-3108475350core:Vehicles2022-01-012022-12-3108475350core:FurnitureFittings2022-01-012022-12-3108475350core:OfficeEquipment2022-01-012022-12-3108475350dpl:AdministrativeExpenses2022-01-012022-12-3108475350core:NetGoodwill2022-01-012022-12-3108475350core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3108475350dpl:GroupUndertakings2022-01-012022-12-3108475350dpl:ParticipatingInterests2022-01-012022-12-3108475350dpl:GroupUndertakingscore:ListedExchangeTraded2022-01-012022-12-3108475350core:ListedExchangeTraded2022-01-012022-12-3108475350dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-01-012022-12-3108475350core:UnlistedNon-exchangeTraded2022-01-012022-12-3108475350core:NetGoodwill2023-12-3108475350core:IntangibleAssetsOtherThanGoodwill2023-12-3108475350core:LandBuildings2023-12-3108475350core:PlantMachinery2023-12-3108475350core:Vehicles2023-12-3108475350core:FurnitureFittings2023-12-3108475350core:OfficeEquipment2023-12-3108475350core:AfterOneYear2023-12-3108475350core:WithinOneYear2023-12-3108475350core:ListedExchangeTraded2023-12-3108475350core:UnlistedNon-exchangeTraded2023-12-3108475350core:ShareCapital2023-12-3108475350core:SharePremium2023-12-3108475350core:RevaluationReserve2023-12-3108475350core:OtherReservesSubtotal2023-12-3108475350core:RetainedEarningsAccumulatedLosses2023-12-3108475350core:NetGoodwill2022-12-3108475350core:IntangibleAssetsOtherThanGoodwill2022-12-3108475350core:LandBuildings2022-12-3108475350core:PlantMachinery2022-12-3108475350core:Vehicles2022-12-3108475350core:FurnitureFittings2022-12-3108475350core:OfficeEquipment2022-12-3108475350core:AfterOneYear2022-12-3108475350core:WithinOneYear2022-12-3108475350core:ListedExchange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CHALYBEATE PROPERTY LTD

Registered Number
08475350
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

CHALYBEATE PROPERTY LTD
Company Information
for the year from 1 January 2023 to 31 December 2023

Directors

BRUDENELL-LEECH, John Frederick
HARRIMAN-SMITH, Asher Sorche Storm, Mx
SCOTT-READ, Afsaneh
SMITH, George Frederick

Company Secretary

BRUDENELL-LEECH, John Frederick

Registered Address

Unit 21 Kingstanding Way
Tunbridge Wells
TN2 3GP

Registered Number

08475350 (England and Wales)
CHALYBEATE PROPERTY LTD
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets34,661,7955,059,234
4,661,7955,059,234
Current assets
Debtors44,18313,917
Cash at bank and on hand2,577,3103,137,455
2,581,4933,151,372
Creditors amounts falling due within one year5(6,917,172)(7,962,387)
Net current assets (liabilities)(4,335,679)(4,811,015)
Total assets less current liabilities326,116248,219
Net assets326,116248,219
Capital and reserves
Called up share capital22
Profit and loss account326,114248,217
Shareholders' funds326,116248,219
The financial statements were approved and authorised for issue by the Board of Directors on 17 October 2024, and are signed on its behalf by:
BRUDENELL-LEECH, John Frederick
Director
Registered Company No. 08475350
CHALYBEATE PROPERTY LTD
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
2.Average number of employees

20232022
Average number of employees during the year44
3.Tangible fixed assets

Land & buildings

Total

££
Cost or valuation
At 01 January 235,059,2345,059,234
Disposals(397,439)(397,439)
At 31 December 234,661,7954,661,795
Net book value
At 31 December 234,661,7954,661,795
At 31 December 225,059,2345,059,234
4.Debtors: amounts due within one year

2023

2022

££
Trade debtors / trade receivables-3,864
Prepayments and accrued income4,18310,053
Total4,18313,917
5.Creditors: amounts due within one year

2023

2022

££
Amounts owed to related parties6,894,6277,797,217
Taxation and social security80717,571
Other creditors7,888133,573
Accrued liabilities and deferred income13,85014,026
Total6,917,1727,962,387
6.Controlling party
The ultimate controlling parties are MMB Harriman-Smith and her husband GF Smith, who own 100% of the shares in the company's immediate parent, Decimus Palace Limited, incorporated in England and Wales
7.Parent-subsidiary relationships
Decimus Palace Limited (The immediate parent of the company) During the year Chalybeate Properties Limited paid expenses on behalf of Decimus Palace Limited, comprising a dividend of £1,000,000 (2022 - £200,000), accountancy fees of £2,520 (2022 - £4,800) and sundry expenses of £70 (2022 - £13) At the year end, the balance due to Decimus Palace Limited was £6,894,627 (2022 - £7,797,217).