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REGISTERED NUMBER: 10021431 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

CHATTERTON ESTATES LIMITED

CHATTERTON ESTATES LIMITED (REGISTERED NUMBER: 10021431)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 29 February 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CHATTERTON ESTATES LIMITED

COMPANY INFORMATION
for the Year Ended 29 February 2024







DIRECTOR: Miss R E Beal





REGISTERED OFFICE: Great Kendale
Scarborough Road
Driffield
YO25 5UY





REGISTERED NUMBER: 10021431 (England and Wales)





ACCOUNTANTS: Sowerby
Chartered Accountants
Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF

CHATTERTON ESTATES LIMITED (REGISTERED NUMBER: 10021431)

BALANCE SHEET
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 110,518 110,518

CURRENT ASSETS
Cash at bank 32,963 30,845

CREDITORS
Amounts falling due within one year 5 104,968 104,745
NET CURRENT LIABILITIES (72,005 ) (73,900 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

38,513

36,618

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 38,512 36,617
SHAREHOLDERS' FUNDS 38,513 36,618

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 September 2024 and were signed by:



Miss R E Beal - Director


CHATTERTON ESTATES LIMITED (REGISTERED NUMBER: 10021431)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 29 February 2024


1. STATUTORY INFORMATION

Chatteron Estates Limited is a private company limited by shares and incorporated and domiciled in England. It has its registered office and principal place of business at Great Kendale, Scarborough Road, Driffield, United Kingdom, YO25 5UY.

The principal activity of the company is property management.

The presentational currency of the financial statements is 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.

Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

The directors, having taken into the factors discussed above as well as the uncertainties of the current economic environment, have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Taxation
Taxation for the year 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 balance sheet date.


CHATTERTON ESTATES LIMITED (REGISTERED NUMBER: 10021431)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 February 2024


2. ACCOUNTING POLICIES - continued
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 NIL (2023 - 1 ).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023
and 29 February 2024 110,518
NET BOOK VALUE
At 29 February 2024 110,518
At 28 February 2023 110,518

The fair value of the investment properties has been considered by the directors through the use of observable market data for similar properties. The directors consider that the historical cost is a reasonable estimate of fair value.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 445 472
Other creditors 104,523 104,273
104,968 104,745

6. ULTIMATE CONTROLLING PARTY

The controlling party is Miss R E Beal.