Company Registration No. 12246255 (England and Wales)
CHATHA BROTHERS PROPERTY LIMITED
Unaudited accounts
for the year ended 31 October 2023
CHATHA BROTHERS PROPERTY LIMITED
Unaudited accounts
Contents
CHATHA BROTHERS PROPERTY LIMITED
Company Information
for the year ended 31 October 2023
Directors
Gurpal Singh Chatha
Pavendeep Singh Chatha
Company Number
12246255 (England and Wales)
Registered Office
INTERCHANGE 1ST FLOOR 81-85 STATION ROAD
C/O ACZONE CONSULTANTS LTD
CROYDON
CR0 2RD
ENGLAND
CHATHA BROTHERS PROPERTY LIMITED
Statement of financial position
as at 31 October 2023
Tangible assets
653,885
520,221
Cash at bank and in hand
7,529
8,157
Creditors: amounts falling due within one year
(6,443)
(5,729)
Net current assets
588,167
5,058
Total assets less current liabilities
1,242,052
525,279
Creditors: amounts falling due after more than one year
(1,236,322)
(520,279)
Called up share capital
5,000
5,000
Profit and loss account
730
-
Shareholders' funds
5,730
5,000
For the year ending 31 October 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2024 and were signed on its behalf by
Gurpal Singh Chatha
Director
Company Registration No. 12246255
CHATHA BROTHERS PROPERTY LIMITED
Notes to the Accounts
for the year ended 31 October 2023
CHATHA BROTHERS PROPERTY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12246255. The registered office is INTERCHANGE 1ST FLOOR 81-85 STATION ROAD, C/O ACZONE CONSULTANTS LTD, CROYDON, CR0 2RD, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 November 2022
520,221
-
520,221
Additions
108,914
33,000
141,914
At 31 October 2023
629,135
33,000
662,135
Charge for the year
-
8,250
8,250
At 31 October 2023
-
8,250
8,250
At 31 October 2023
629,135
24,750
653,885
At 31 October 2022
520,221
-
520,221
CHATHA BROTHERS PROPERTY LIMITED
Notes to the Accounts
for the year ended 31 October 2023
Amounts falling due within one year
Amounts due from group undertakings etc.
-
1,880
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
4,943
4,229
7
Creditors: amounts falling due after more than one year
2023
2022
Amounts owed to group undertakings and other participating interests
858,075
50,000
Loans from directors
378,247
470,279
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).