Registered number
07493106
Cheyne Property Estates Limited
Filleted Accounts
31 January 2024
Cheyne Property Estates Limited
Registered number: 07493106
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 979,446 -
Current assets
Debtors 4 5,445 127,518
Cash at bank and in hand 23,025 -
28,470 127,518
Creditors: amounts falling due within one year 5 (973,745) (105,831)
Net current (liabilities)/assets (945,275) 21,687
Net assets 34,171 21,687
Capital and reserves
Called up share capital 100 100
Profit and loss account 34,071 21,587
Shareholder's funds 34,171 21,687
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Adewale Ogunyemi
Director
Approved by the board on 7 October 2024
Cheyne Property Estates Limited
Notes to the Accounts
for the year ended 31 January 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. All investment properties are carried at fair value and reviewed every year for any impairment. No depreciation is charged on investment properties. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
-
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 1 1
3 Tangible fixed assets
Land and buildings
£
Cost
Additions 979,446
At 31 January 2024 979,446
Depreciation
At 31 January 2024 -
Net book value
At 31 January 2024 979,446
4 Debtors 2024 2023
£ £
Other debtors 5,445 127,518
5 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation tax 3,021 -
Other creditors 970,724 105,831
973,745 105,831
6 Other information
Cheyne Property Estates Limited is a private company limited by shares and incorporated in England. Its registered office is:
The Cedars
82 Camden Park Road
Chislehurst
Kent
BR7 5HT
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