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REGISTERED NUMBER: 03273846 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

CHADWORTH INVESTMENTS LIMITED

CHADWORTH INVESTMENTS LIMITED (REGISTERED NUMBER: 03273846)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CHADWORTH INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: Mr T Mistry
Mr R P Mistry





SECRETARY: Mr P Kotecha





REGISTERED OFFICE: 7 St. John's Road
Harrow
Middlesex
HA1 2EY





REGISTERED NUMBER: 03273846 (England and Wales)





ACCOUNTANTS: Macalvins Limited
Chartered Accountants
7 St John's Road
Harrow
Middlesex
HA1 2EY

CHADWORTH INVESTMENTS LIMITED (REGISTERED NUMBER: 03273846)

BALANCE SHEET
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 389,561 534,807
389,561 534,807

CURRENT ASSETS
Debtors 6 305,358 1,774
Cash at bank 17,225 582,196
322,583 583,970
CREDITORS
Amounts falling due within one year 7 286,553 524,626
NET CURRENT ASSETS 36,030 59,344
TOTAL ASSETS LESS CURRENT
LIABILITIES

425,591

594,151

CREDITORS
Amounts falling due after more than one year 8 16,667 26,687
NET ASSETS 408,924 567,464

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 407,924 566,464
SHAREHOLDERS' FUNDS 408,924 567,464

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 November 2024 and were signed on its behalf by:





Mr R P Mistry - Director


CHADWORTH INVESTMENTS LIMITED (REGISTERED NUMBER: 03273846)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Chadworth Investments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents gross rent receivable for the year, excluding value added tax.

Tangible fixed assets
Depreciation is provided at rates calculated to write off the cost residual value of each asset over its expected useful life, as follows:

Computer Equipment - 33.33% Straight Line Method

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Fixed assets investments
Investments are recorded at cost less any permanent value in diminution.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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 year 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

CHADWORTH INVESTMENTS LIMITED (REGISTERED NUMBER: 03273846)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 December 2022
and 30 November 2023 69,774 3,195 72,969
DEPRECIATION
At 1 December 2022
and 30 November 2023 69,774 3,195 72,969
NET BOOK VALUE
At 30 November 2023 - - -
At 30 November 2022 - - -

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 December 2022 534,807
Revaluations (145,246 )
At 30 November 2023 389,561
NET BOOK VALUE
At 30 November 2023 389,561
At 30 November 2022 534,807

Cost or valuation at 30 November 2023 is represented by:

Other
investments
£   
Valuation in 2022 534,807
Valuation in 2023 (145,246 )
389,561

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Loan to speckle properties 305,358 -
VAT - 1,774
305,358 1,774

CHADWORTH INVESTMENTS LIMITED (REGISTERED NUMBER: 03273846)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 3,069 3,069
Amounts owed to connected company 150,000 150,000
Shareholders' loans 122,485 359,356
Accruals and deferred income 999 2,201
286,553 524,626

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 6,667 16,687
16,667 26,687

9. RELATED PARTY DISCLOSURES

As at the balance sheet date the company owed £122,485 (2022: £359,356) to the shareholders of the company. The loan is interest free and repayable on demand.

As at 30 November 2023 the company owed £150,000 (2022: £150,000) to Foldbond Limited.

Chadworth Investments Limited and Foldbond Limited are connected companies by virtue of having a common director.

An unsecured loan of £305,358 provided to Speckle Properties Limited which is interest free and repayable on demand and related by virtue of having a common director.