REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 8 May 2023 to 31 March 2024 |
for |
Chalklin Investments Ltd |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 8 May 2023 to 31 March 2024 |
for |
Chalklin Investments Ltd |
Chalklin Investments Ltd (Registered number: 14852812) |
Contents of the Financial Statements |
for the period 8 May 2023 to 31 March 2024 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 3 |
Chalklin Investments Ltd |
Company Information |
for the period 8 May 2023 to 31 March 2024 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Datum House |
Electra Way |
Crewe |
Cheshire |
CW1 6ZF |
Chalklin Investments Ltd (Registered number: 14852812) |
Statement of Financial Position |
31 March 2024 |
Notes | £ |
FIXED ASSETS |
Investment property | 5 |
CURRENT ASSETS |
Debtors | 6 |
CREDITORS |
Amounts falling due within one year | 7 | ( |
) |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Retained earnings |
The director acknowledges his responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
The financial statements were approved by the director and authorised for issue on |
Chalklin Investments Ltd (Registered number: 14852812) |
Notes to the Financial Statements |
for the period 8 May 2023 to 31 March 2024 |
1. | STATUTORY INFORMATION |
Chalklin Investments Ltd ('The Company') is an investment company. |
The company is a private company limited by shares and is incorporated in England and Wales. The address of the principal place of business and of the registered office is Brayne Hall, Aston Juxta Mondrum, Nantwich, Cheshire, CW5 6DU. The registered number can be found on the Company Information page. |
The presentation currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest £. |
The accounting reference date of the company was shortened to report an eleven-month period ended 31 March 2024. |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Summary of significant accounting policies |
The principle accounting policies applied in the preparation of these financial statements are set out below. |
These policies have been consistently applied to all years presented, unless otherwise stated. |
Basis of preparation |
The financial statements are prepared on the going concern basis under the historical cost convention and comply with the United Kingdom Accounting Standards and Companies Act 2006. |
Going concern |
No material uncertainties that may cast doubt about the ability of the company to continue as a going concern have been identified by the director. |
Therefore, the director considers it appropriate to prepare the financial statements on the going concern basis. |
Investment property |
Investment property is shown at fair value, the fair value is reviewed annually by the director. Any aggregate surplus or deficit arising from changes in the fair value in the year is recognised in the profit or loss within the Statement of Comprehensive Income. The cumulative fair value surplus on the investment property is highlighted in the notes to the financial statements as non-distributable reserves. Rentals are recognised on a straight line basis over the period of the lease or to the date of the next rent review. Rental income is included in turnover. |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the end of the financial period. |
Chalklin Investments Ltd (Registered number: 14852812) |
Notes to the Financial Statements - continued |
for the period 8 May 2023 to 31 March 2024 |
3. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the end of the financial period. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
Fixed asset investments |
Unlisted investments are shown at cost less any impairment loss. |
Investment income from both listed investments and unlisted investments is included in other income. |
Impairment of assets |
Assets not measured at fair value are reviewed for any indications that the asset may be impaired. If such indications exist, the recoverable amount of the asset or the assets cash generating unit is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease. |
Any losses arising from impairment are recognised in the Statement of Comprehensive Income under the appropriate heading. |
4. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was NIL. |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
Additions |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
In the opinion of the director there has been no change to the fair value in the period of the investment property. |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other debtors |
Chalklin Investments Ltd (Registered number: 14852812) |
Notes to the Financial Statements - continued |
for the period 8 May 2023 to 31 March 2024 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other creditors |
Amounts owed to related parties are unsecured, interest free and repayable on demand. |
8. | CALLED UP SHARE CAPITAL |
During the period 100 1 Ordinary shares were issued at par. |
9. | RELATED PARTY DISCLOSURES |
Transactions with related parties during the year and balances outstanding at the end of the reporting period were as follows: |
Entities under common control: |
2024 |
£ |
Amounts due by entities | 1,718 |
10. | FIXED ASSET INVESTMENTS |
The company holds one Ordinary 1p share in a related party. |