Silverfin false false 31/08/2024 01/09/2023 31/08/2024 L Nyman 28/08/2014 D Wallrock 28/08/2014 23 November 2024 The principal activity of the company during the financial year was that of an investment company. 09189378 2024-08-31 09189378 bus:Director1 2024-08-31 09189378 bus:Director2 2024-08-31 09189378 2023-08-31 09189378 core:CurrentFinancialInstruments 2024-08-31 09189378 core:CurrentFinancialInstruments 2023-08-31 09189378 core:Non-currentFinancialInstruments 2024-08-31 09189378 core:Non-currentFinancialInstruments 2023-08-31 09189378 core:ShareCapital 2024-08-31 09189378 core:ShareCapital 2023-08-31 09189378 core:RetainedEarningsAccumulatedLosses 2024-08-31 09189378 core:RetainedEarningsAccumulatedLosses 2023-08-31 09189378 2023-09-01 2024-08-31 09189378 bus:FilletedAccounts 2023-09-01 2024-08-31 09189378 bus:SmallEntities 2023-09-01 2024-08-31 09189378 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 09189378 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 09189378 bus:Director1 2023-09-01 2024-08-31 09189378 bus:Director2 2023-09-01 2024-08-31 09189378 2022-09-01 2023-08-31 09189378 core:Non-currentFinancialInstruments 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure

Company No: 09189378 (England and Wales)

CHALKWELL INVESTMENTS LTD

Unaudited Financial Statements
For the financial year ended 31 August 2024
Pages for filing with the registrar

CHALKWELL INVESTMENTS LTD

Unaudited Financial Statements

For the financial year ended 31 August 2024

Contents

CHALKWELL INVESTMENTS LTD

STATEMENT OF FINANCIAL POSITION

As at 31 August 2024
CHALKWELL INVESTMENTS LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 August 2024
Note 2024 2023
£ £
Fixed assets
Investment property 3 505,000 505,000
505,000 505,000
Current assets
Debtors 4 491,315 447,315
Cash at bank and in hand 5 17,846 84,016
509,161 531,331
Creditors: amounts falling due within one year 6 ( 166,031) ( 194,981)
Net current assets 343,130 336,350
Total assets less current liabilities 848,130 841,350
Creditors: amounts falling due after more than one year 7 ( 257,751) ( 257,751)
Net assets 590,379 583,599
Capital and reserves
Called-up share capital 100 100
Profit and loss account 590,279 583,499
Total shareholders' funds 590,379 583,599

For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Chalkwell Investments Ltd (registered number: 09189378) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

D Wallrock
Director

23 November 2024

CHALKWELL INVESTMENTS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2024
CHALKWELL INVESTMENTS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Chalkwell Investments Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 35 Ballards Lane, London, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Finance costs

Finance costs are charged to the Statement of Comprehensive Income over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Comprehensive Income.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the company during the year, excluding directors 0 0

3. Investment property

Investment property
£
Valuation
As at 01 September 2023 505,000
As at 31 August 2024 505,000

4. Debtors

2024 2023
£ £
Other debtors 491,315 447,315

5. Cash and cash equivalents

2024 2023
£ £
Cash at bank and in hand 17,846 84,016

6. Creditors: amounts falling due within one year

2024 2023
£ £
Accruals 1,589 1,440
Taxation and social security 2,438 3,245
Other creditors 162,004 190,296
166,031 194,981

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 257,751 257,751

There are no amounts included above in respect of which any security has been given by the small entity.