Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31false2023-02-01falseNo description of principal activity11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06299457 2023-02-01 2024-01-31 06299457 2022-02-01 2023-01-31 06299457 2024-01-31 06299457 2023-01-31 06299457 c:Director1 2023-02-01 2024-01-31 06299457 d:FreeholdInvestmentProperty 2024-01-31 06299457 d:FreeholdInvestmentProperty 2023-01-31 06299457 d:CurrentFinancialInstruments 2024-01-31 06299457 d:CurrentFinancialInstruments 2023-01-31 06299457 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 06299457 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 06299457 d:ShareCapital 2024-01-31 06299457 d:ShareCapital 2023-01-31 06299457 d:RevaluationReserve 2024-01-31 06299457 d:RevaluationReserve 2023-01-31 06299457 d:RetainedEarningsAccumulatedLosses 2024-01-31 06299457 d:RetainedEarningsAccumulatedLosses 2023-01-31 06299457 c:FRS102 2023-02-01 2024-01-31 06299457 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 06299457 c:FullAccounts 2023-02-01 2024-01-31 06299457 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 06299457 2 2023-02-01 2024-01-31 06299457 d:OtherDeferredTax 2024-01-31 06299457 d:OtherDeferredTax 2023-01-31 06299457 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure

Registered number: 06299457









CHELMSFORD PROPERTY HOLDINGS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

 
CHELMSFORD PROPERTY HOLDINGS LIMITED
REGISTERED NUMBER: 06299457

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
4,006,000
4,006,000

Current assets
  

Debtors: amounts falling due within one year
 5 
42,941
9,104

Cash at bank and in hand
  
23,191
28,140

  
66,132
37,244

Creditors: amounts falling due within one year
 6 
(1,588,010)
(1,609,177)

Net current liabilities
  
 
 
(1,521,878)
 
 
(1,571,933)

Total assets less current liabilities
  
2,484,122
2,434,067

Provisions for liabilities
  

Deferred tax
 7 
(368,958)
(368,958)

Net assets
  
2,115,164
2,065,109


Capital and reserves
  

Called up share capital 
  
2
2

Revaluation reserve
  
1,106,875
1,106,875

Profit and loss account
  
1,008,287
958,232

  
2,115,164
2,065,109


Page 1

 
CHELMSFORD PROPERTY HOLDINGS LIMITED
REGISTERED NUMBER: 06299457
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024

The director considers 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 director acknowledges his 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 statement of comprehensive income 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 23 October 2024.




P J O'Connor
Director


The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
CHELMSFORD PROPERTY HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Chelmsford Property Holdings Limited ("the Company") is a private company limited by shares, incorporated in England and Wales. Its registered office is Farley House, Kinvara Business Park, 22-42 Freshwater Road, Dagenham, Essex, RM8 1RY. 

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 following principal accounting policies have been applied:

 
2.2

Revenue

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.

 
2.3

Interest income

Interest income is recognised in the statement of comprehensive income using the effective interest method.

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of comprehensive income 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 balance sheet 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 balance sheet 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 balance sheet date.

Page 3

 
CHELMSFORD PROPERTY HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.5

Investment property

Investment property is carried at fair value determined annually by the directors 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. 

 
2.6

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.7

Creditors

Short term creditors are measured at the transaction price.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Investment property


Freehold investment property

£



Valuation


At 1 February 2023
4,006,000



At 31 January 2024
4,006,000

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



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:


2024
2023
£
£
Historic cost

2,530,167

2,530,167
 

Page 4

 
CHELMSFORD PROPERTY HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

5.


Debtors

2024
2023
£
£


Trade debtors
2,941
2,477

Other debtors
40,000
6,627

42,941
9,104



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
5,443
3,549

Corporation tax
26,565
20,671

Other taxation and social security
2,972
-

Other creditors
1,511,563
1,553,045

Accruals and deferred income
41,467
31,912

1,588,010
1,609,177



7.


Deferred taxation




2024


£






At beginning of year
(368,958)



At end of year
(368,958)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Revaluation of investment property
(368,958)
(368,958)

 
Page 5