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Company Registration No. 02215210 (England and Wales)
Chalk Property Solutions Ltd Unaudited accounts for the year ended 29 February 2024
Chalk Property Solutions Ltd Unaudited accounts Contents
Page
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Chalk Property Solutions Ltd Company Information for the year ended 29 February 2024
Director
MRE Lupton
Secretary
R Lupton
Company Number
02215210 (England and Wales)
Registered Office
'Oakwood' 4 Windmill Park Windmill Hill Wrotham Heath Sevenoaks Kent TN15 7SY
Accountants
King & Taylor 123 Cross Lane East Gravesend Kent DA12 5HA
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Chalk Property Solutions Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
464 
659 
Investments
100 
- 
564 
659 
Current assets
Debtors
569,781 
112,394 
Cash at bank and in hand
265,538 
927,904 
835,319 
1,040,298 
Creditors: amounts falling due within one year
(8,914)
(31,076)
Net current assets
826,405 
1,009,222 
Net assets
826,969 
1,009,881 
Capital and reserves
Called up share capital
90 
100 
Profit and loss account
826,879 
1,009,781 
Shareholders' funds
826,969 
1,009,881 
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 November 2024 and were signed on its behalf by
MRE Lupton Director Company Registration No. 02215210
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Chalk Property Solutions Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Chalk Property Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 02215210. The registered office is 'Oakwood' 4 Windmill Park, Windmill Hill, Wrotham Heath Sevenoaks, Kent, TN15 7SY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance basis
Fixtures & fittings
15% reducing balance basis
Computer equipment
5 year straight line basis
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Investments
Investments in shares are included at fair value.
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Chalk Property Solutions Ltd Notes to the Accounts for the year ended 29 February 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 March 2023
978 
At 29 February 2024
978 
Depreciation
At 1 March 2023
319 
Charge for the year
195 
At 29 February 2024
514 
Net book value
At 29 February 2024
464 
At 28 February 2023
659 
5
Investments
Other investments 
£ 
Valuation at 1 March 2023
- 
Additions
100 
Valuation at 29 February 2024
100 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
727 
Amounts due from group undertakings etc.
544,344 
- 
Other debtors
25,437 
111,667 
569,781 
112,394 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
1,075 
2,512 
Loans from directors
7,839 
28,564 
8,914 
31,076 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
MRE Lupton
Director
- 
25,437 
- 
25,437 
- 
25,437 
- 
25,437 
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Chalk Property Solutions Ltd Notes to the Accounts for the year ended 29 February 2024
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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