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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
Page
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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
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CHATHA BROTHERS PROPERTY LIMITED Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
653,885 
520,221 
Current assets
Debtors
587,081 
2,630 
Cash at bank and in hand
7,529 
8,157 
594,610 
10,787 
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)
Net assets
5,730 
5,000 
Capital and reserves
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
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CHATHA BROTHERS PROPERTY LIMITED Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
Charge for the year
- 
8,250 
8,250 
At 31 October 2023
- 
8,250 
8,250 
Net book value
At 31 October 2023
629,135 
24,750 
653,885 
At 31 October 2022
520,221 
- 
520,221 
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CHATHA BROTHERS PROPERTY LIMITED Notes to the Accounts for the year ended 31 October 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
- 
1,880 
Other debtors
750 
750 
750 
2,630 
Amounts falling due after more than one year
Other debtors
586,331 
- 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
4,943 
4,229 
Accruals
1,500 
1,500 
6,443 
5,729 
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 
1,236,322 
520,279 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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