Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30332023-05-01falseNo description of principal activitytruetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10772535 2023-05-01 2024-04-30 10772535 2022-05-01 2023-04-30 10772535 2024-04-30 10772535 2023-04-30 10772535 c:Director1 2023-05-01 2024-04-30 10772535 c:Director2 2023-05-01 2024-04-30 10772535 d:FurnitureFittings 2023-05-01 2024-04-30 10772535 d:FurnitureFittings 2024-04-30 10772535 d:FurnitureFittings 2023-04-30 10772535 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 10772535 d:FreeholdInvestmentProperty 2023-05-01 2024-04-30 10772535 d:FreeholdInvestmentProperty 2024-04-30 10772535 d:FreeholdInvestmentProperty 2023-04-30 10772535 d:CurrentFinancialInstruments 2024-04-30 10772535 d:CurrentFinancialInstruments 2023-04-30 10772535 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 10772535 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 10772535 d:ShareCapital 2024-04-30 10772535 d:ShareCapital 2023-04-30 10772535 d:RetainedEarningsAccumulatedLosses 2024-04-30 10772535 d:RetainedEarningsAccumulatedLosses 2023-04-30 10772535 c:FRS102 2023-05-01 2024-04-30 10772535 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 10772535 c:FullAccounts 2023-05-01 2024-04-30 10772535 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 10772535 d:OtherDeferredTax 2024-04-30 10772535 d:OtherDeferredTax 2023-04-30 10772535 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 10772535










CHUNKSTON LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
CHUNKSTON LIMITED
REGISTERED NUMBER: 10772535

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
748
889

Investment property
 5 
653,022
645,000

  
653,770
645,889

Current assets
  

Debtors: amounts falling due within one year
 6 
467
1,519

Bank and cash balances
  
20,201
15,576

  
20,668
17,095

Creditors: amounts falling due within one year
 7 
(608,353)
(605,326)

Net current liabilities
  
 
 
(587,685)
 
 
(588,231)

Total assets less current liabilities
  
66,085
57,658

Provisions for liabilities
  

Deferred tax
 8 
(6,426)
(4,911)

  
 
 
(6,426)
 
 
(4,911)

Net assets
  
59,659
52,747


Capital and reserves
  

Called up share capital 
  
3,600
3,600

Profit And Loss Account
  
56,059
49,147

  
59,659
52,747


Page 1

 
CHUNKSTON LIMITED
REGISTERED NUMBER: 10772535
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 12 September 2024.




................................................
B Goode
................................................
D Andrews
Director
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
CHUNKSTON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Chunkston Limited is a private company limited by shares and incorporated in England and Wales, registration number 10772535.  The registered office is Chunkston Limited, The Old Drill Hall, 23A Cattle Market Street, Norwich, Norfolk, NR1 3DY.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

 
2.2

Going concern

The Directors have considered the Company’s position at the time of signing the financial statements. They have considered future trading expectations, the current financial position of the Company and other factors such as mitigating ongoing costs.
Based on this, the Directors have concluded that the company will have adequate resources to continue in operational existence for at least twelve months from the date of signing these financial statements and will therefore adopt the going concern basis of accounting in preparing these financial statements.

 
2.3

Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
CHUNKSTON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives. 

Depreciation is provided on the following basis:

Fixtures and fittings
-
10%
Straight line

 
2.7

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

Page 4

 
CHUNKSTON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees




The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Directors
3
3

Page 5

 
CHUNKSTON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 May 2023
1,389



At 30 April 2024

1,389



Depreciation


At 1 May 2023
500


Charge for the year on owned assets
141



At 30 April 2024

641



Net book value



At 30 April 2024
748



At 30 April 2023
889


5.


Investment property


Freehold investment property

£



Valuation


At 1 May 2023
645,000


Additions at cost
8,022



At 30 April 2024
653,022

The 2024 valuations were made by the directors, on an open market value for existing use basis.




Page 6

 
CHUNKSTON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

6.


Debtors

2024
2023
£
£


Called up share capital not paid
-
1,200

Prepayments and accrued income
467
319

467
1,519



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
-
280,000

Corporation tax
2,069
489

Other creditors
602,309
322,309

Accruals and deferred income
3,975
2,528

608,353
605,326



8.


Deferred taxation




2024


£






At beginning of year
(4,911)


Charged to profit or loss
(1,515)



At end of year
(6,426)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Capital gains
(6,426)
(4,911)

(6,426)
(4,911)

 
Page 7