REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024 |
FOR |
CHAUMIERE PROPERTY (UK) LTD |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024 |
FOR |
CHAUMIERE PROPERTY (UK) LTD |
CHAUMIERE PROPERTY (UK) LTD (REGISTERED NUMBER: 12640049) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2024 |
Page |
Balance sheet | 1 |
Notes to the financial statements | 3 |
CHAUMIERE PROPERTY (UK) LTD (REGISTERED NUMBER: 12640049) |
BALANCE SHEET |
30 APRIL 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 4 |
Investments | 5 |
Investment property | 6 |
Current assets |
Debtors | 7 |
Cash at bank |
Creditors |
Amounts falling due within one year | 8 |
Net current assets/(liabilities) | ( |
) |
Total assets less current liabilities |
Provisions for liabilities | 9 |
Net assets |
Capital and reserves |
Called up share capital | 10 |
Fair value reserve | 11 |
Retained earnings |
Shareholders' funds |
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. |
CHAUMIERE PROPERTY (UK) LTD (REGISTERED NUMBER: 12640049) |
BALANCE SHEET - continued |
30 APRIL 2024 |
The financial statements were approved by the director and authorised for issue on |
CHAUMIERE PROPERTY (UK) LTD (REGISTERED NUMBER: 12640049) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2024 |
1. | Statutory information |
Chaumiere Property (UK) Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number is 12640049. The registered office is 7 & 8 Church Street, Wimborne, Dorset, BH21 1JH and business address is 19 Moorside Road, West Moors, Dorset, BH22 0EH. |
2. | Accounting policies |
Basis of preparing the financial statements |
Preparation of consolidated financial statements |
The financial statements contain information about Chaumiere Property (UK) Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
Turnover |
Turnover represents rental income accounted for on an accruals basis. |
Tangible fixed assets |
Computer equipment | - |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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. |
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. |
CHAUMIERE PROPERTY (UK) LTD (REGISTERED NUMBER: 12640049) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2024 |
2. | Accounting policies - continued |
Financial instruments |
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities. |
At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate. |
3. | Employees and directors |
The average number of employees during the year was |
4. | Tangible fixed assets |
Computer |
equipment |
£ |
Cost |
At 1 May 2023 |
Disposals | ( |
) |
At 30 April 2024 |
Depreciation |
At 1 May 2023 |
Eliminated on disposal | ( |
) |
At 30 April 2024 |
Net book value |
At 30 April 2024 |
At 30 April 2023 |
5. | Fixed asset investments |
Shares in |
group |
undertakings |
£ |
Cost |
At 1 May 2023 |
and 30 April 2024 |
Net book value |
At 30 April 2024 |
At 30 April 2023 |
CHAUMIERE PROPERTY (UK) LTD (REGISTERED NUMBER: 12640049) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2024 |
6. | Investment property |
Total |
£ |
Fair value |
At 1 May 2023 |
Revaluations | 70,000 |
At 30 April 2024 |
Net book value |
At 30 April 2024 |
At 30 April 2023 |
Fair value at 30 April 2024 is represented by: |
£ |
Valuation in 2021 | 14,120 |
Valuation in 2022 | 842,298 |
Valuation in 2023 | 90,000 |
Valuation in 2024 | 70,000 |
Cost | 2,468,582 |
3,485,000 |
If investment property had not been revalued it would have been included at the following historical cost: |
2024 | 2023 |
£ | £ |
Cost | 2,468,582 | 2,468,582 |
Investment property was valued on an open market basis on 30 April 2024 by the director . |
7. | Debtors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Prepayments and accrued income |
8. | Creditors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Amounts owed to group undertakings |
Tax |
Other creditors |
Directors' current accounts | 335 | 214,755 |
Accruals and deferred income |
CHAUMIERE PROPERTY (UK) LTD (REGISTERED NUMBER: 12640049) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2024 |
9. | Provisions for liabilities |
2024 | 2023 |
£ | £ |
Deferred tax | 205,935 | 188,435 |
Deferred |
tax |
£ |
Balance at 1 May 2023 |
Charge to fair value reserve | 17,500 |
Balance at 30 April 2024 |
10. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
Ordinary | £1 | 200 | 200 |
11. | Reserves |
Fair |
value |
reserve |
£ |
At 1 May 2023 |
Revaluation | 70,000 |
Deferred tax | (17,500 | ) |
At 30 April 2024 |
12. | Ultimate controlling party |
The ultimate controlling party is the director Mrs Start by virtue of their majority ownership of the share capital. |