2023-03-012024-02-292024-02-29false07146092CHESTERFIELD CAPITAL 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CHESTERFIELD CAPITAL LIMITED

Registered Number
07146092
(England and Wales)

Unaudited Financial Statements for the Year ended
29 February 2024

CHESTERFIELD CAPITAL LIMITED
Company Information
for the year from 1 March 2023 to 29 February 2024

Directors

Mrs Victoria Berensen
Mr Geoffrey Dart

Company Secretary

Mr Geoffrey Dart

Registered Address

Unit 3 Upp Hall Farm
Salmons Lane
Colchester
CO6 1RY

Registered Number

07146092 (England and Wales)
CHESTERFIELD CAPITAL LIMITED
Balance Sheet as at
29 February 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets311
Investments45,3087,262
5,3097,263
Current assets
Debtors5519,669519,669
Cash at bank and on hand553448
520,222520,117
Creditors amounts falling due within one year6(521,995)(351,545)
Net current assets (liabilities)(1,773)168,572
Total assets less current liabilities3,536175,835
Net assets3,536175,835
Capital and reserves
Called up share capital1010
Profit and loss account3,526175,825
Shareholders' funds3,536175,835
The financial statements were approved and authorised for issue by the Board of Directors on 27 November 2024, and are signed on its behalf by:
Mrs Victoria Berensen
Director
Registered Company No. 07146092
CHESTERFIELD CAPITAL LIMITED
Notes to the Financial Statements
for the year ended 29 February 2024

1.Accounting policies
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
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 policy
Turnover comprises the fair value of the consideration received or receivable for the sale of goods/provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.
Tangible fixed assets and depreciation
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Straight line (years)
Office Equipment3
Investments
Investments in subsidiaries are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Trade and other debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
Trade and other creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost.
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 March 231,101
At 29 February 241,101
Depreciation and impairment
At 01 March 231,100
At 29 February 241,100
Net book value
At 29 February 241
At 28 February 231
4.Fixed asset investments

Total

£
Cost or valuation
At 01 March 2318,401
At 29 February 2418,401
Impairment
At 01 March 2311,139
Charge for year1,954
At 29 February 2413,093
Net book value
At 29 February 245,308
At 28 February 237,262
5.Debtors: amounts due within one year

2024

2023

££
Amounts owed by group undertakings9,5769,576
Other debtors510,093510,093
Total519,669519,669
6.Creditors: amounts due within one year

2024

2023

££
Amounts owed to related parties521,995218,114
Other creditors-131,931
Accrued liabilities and deferred income-1,500
Total521,995351,545
7.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
Mr Geoffrey Dart131,9310131,9310
131,9310131,9310
8.Share capital
The company has issued share capital of 10 ordinary shares of £1 each here have been no changes in the year.