Chesterton Commercial (Maidenhead) Limited
Registered number: 05610217
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 592,499 1,193,523
Current assets
Debtors 4 449,990 387,890
Cash at bank and in hand 388 3,331
450,378 391,221
Creditors: amounts falling due within one year 5 (1,065,275) (1,048,691)
Net current liabilities (614,897) (657,470)
Total assets less current liabilities (22,398) 536,053
Creditors: amounts falling due after more than one year 6 (552,676) (864,253)
Net liabilities (575,074) (328,200)
Capital and reserves
Called up share capital 2 2
Profit and loss account (575,076) (328,202)
Shareholders' funds (575,074) (328,200)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
AFJ Bryant
Director
Approved by the board on 30 October 2024
Chesterton Commercial (Maidenhead) Limited
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 March 2023 1,193,523 11,342 1,204,865
Additions 46,245 - 46,245
Disposals (647,269) - (647,269)
At 29 February 2024 592,499 11,342 603,841
Depreciation
At 1 March 2023 - 11,342 11,342
At 29 February 2024 - 11,342 11,342
Net book value
At 29 February 2024 592,499 - 592,499
At 28 February 2023 1,193,523 - 1,193,523
4 Debtors 2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 449,990 387,890
5 Creditors: amounts falling due within one year 2024 2023
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 710,933 714,549
Other creditors 354,342 334,142
1,065,275 1,048,691
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 552,676 864,253
7 Other information
Chesterton Commercial (Maidenhead) Limited is a private company limited by shares and incorporated in England. Its registered office is:
9 Chalfont Court
Lower Earley
Reading
RG6 5SY
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