Acorah Software Products - Accounts Production 16.0.110 false true true 31 August 2022 5 August 2021 false 1 September 2022 31 August 2023 31 August 2023 13549869 Mr Jonathan McQuade Ms Sophie Harries Mr Liam Williams iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13549869 2022-08-31 13549869 2023-08-31 13549869 2022-09-01 2023-08-31 13549869 frs-core:CurrentFinancialInstruments 2023-08-31 13549869 frs-core:ShareCapital 2023-08-31 13549869 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 13549869 frs-bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 13549869 frs-bus:FilletedAccounts 2022-09-01 2023-08-31 13549869 frs-bus:SmallEntities 2022-09-01 2023-08-31 13549869 frs-bus:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 13549869 frs-bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 13549869 frs-bus:Director1 2022-09-01 2023-08-31 13549869 frs-bus:Director2 2022-09-01 2023-08-31 13549869 frs-bus:Director3 2022-09-01 2023-08-31 13549869 frs-countries:EnglandWales 2022-09-01 2023-08-31 13549869 2021-08-04 13549869 2022-08-31 13549869 2021-08-05 2022-08-31 13549869 frs-core:CurrentFinancialInstruments 2022-08-31 13549869 frs-core:ShareCapital 2022-08-31 13549869 frs-core:RetainedEarningsAccumulatedLosses 2022-08-31
Registered number: 13549869
Chestnut 21 Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2023
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2
Page 1
Balance Sheet
Registered number: 13549869
31 August 2023 31 August 2022
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 1,299,272 600,772
Cash at bank and in hand 2,634 33,928
1,301,906 634,700
Creditors: Amounts Falling Due Within One Year 5 (1,313,898 ) (641,493 )
NET CURRENT ASSETS (LIABILITIES) (11,992 ) (6,793 )
TOTAL ASSETS LESS CURRENT LIABILITIES (11,992 ) (6,793 )
NET LIABILITIES (11,992 ) (6,793 )
CAPITAL AND RESERVES
Called up share capital 6 40 40
Profit and Loss Account (12,032 ) (6,833 )
SHAREHOLDERS' FUNDS (11,992) (6,793)
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Jonathan McQuade
Director
30/10/2024
The notes on page 2 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Chestnut 21 Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13549869 . The registered office is The Retreat, Pen-Y-Turnpike Road, Dinas Powys, CF64 4HG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
At 31 August 2023 the company had net liabilities of £11,992. However the company received financial support from the directors and shareholders of the company, and continues to meet liabilities as they fall due. Therefore the going concern basis is considered appropriate.
2.3. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.4. Charges
The CPS Property Management Limited holds a fixed and floating charge and a negative pledge dated 10 December 2021 over Chestnut 21 Ltd on all monies, obligations and liabilities which may be due to the CPS Property Management Limited now and in the future. (charge code 135498690001) 
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2022: 4)
3 4
4. Stocks
31 August 2023 31 August 2022
£ £
Work in progress 1,299,272 600,772
5. Creditors: Amounts Falling Due Within One Year
31 August 2023 31 August 2022
£ £
Bank loans and overdrafts 661,744 599,042
Other creditors 652,154 42,451
1,313,898 641,493
6. Share Capital
31 August 2023 31 August 2022
£ £
Allotted, Called up and fully paid 40 40
Page 2