IRIS Accounts Production v24.3.0.553 09564854 Board of Directors 1.5.23 30.4.24 30.4.24 0 0 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh095648542023-04-30095648542024-04-30095648542023-05-012024-04-30095648542022-04-30095648542022-05-012023-04-30095648542023-04-3009564854ns15:EnglandWales2023-05-012024-04-3009564854ns14:PoundSterling2023-05-012024-04-3009564854ns10:Director12023-05-012024-04-3009564854ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3009564854ns10:SmallEntities2023-05-012024-04-3009564854ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3009564854ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3009564854ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3009564854ns10:FullAccounts2023-05-012024-04-3009564854ns10:OrdinaryShareClass12023-05-012024-04-3009564854ns10:Director22023-05-012024-04-3009564854ns10:Director32023-05-012024-04-3009564854ns10:RegisteredOffice2023-05-012024-04-3009564854ns5:CurrentFinancialInstruments2024-04-3009564854ns5:CurrentFinancialInstruments2023-04-3009564854ns5:ShareCapital2024-04-3009564854ns5:ShareCapital2023-04-3009564854ns5:RetainedEarningsAccumulatedLosses2024-04-3009564854ns5:RetainedEarningsAccumulatedLosses2023-04-3009564854ns5:ComputerEquipment2023-05-012024-04-3009564854ns5:ComputerEquipment2023-04-3009564854ns5:ComputerEquipment2024-04-3009564854ns5:ComputerEquipment2023-04-3009564854ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3009564854ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-3009564854ns10:OrdinaryShareClass12024-04-3009564854ns5:RetainedEarningsAccumulatedLosses2023-04-3009564854ns5:RetainedEarningsAccumulatedLosses2023-05-012024-04-30
REGISTERED NUMBER: 09564854 (England and Wales)















Financial Statements for the Year Ended 30th April 2024

for

Chestnut Associates Ltd

Chestnut Associates Ltd (Registered number: 09564854)






Contents of the Financial Statements
for the Year Ended 30th April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Chestnut Associates Ltd

Company Information
for the Year Ended 30th April 2024







DIRECTORS: L S Donald
S M Donald
Mrs J D Donald





REGISTERED OFFICE: 8 Chestnut Way
Goxhill
Barrow Upon Humber
North Lincolnshire
DN19 7UA





REGISTERED NUMBER: 09564854 (England and Wales)





ACCOUNTANTS: Peter R Burton Accountants
43 Oswald Road
Scunthorpe
North Lincolnshire
DN15 7PN

Chestnut Associates Ltd (Registered number: 09564854)

Balance Sheet
30th April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,030 18,788

CURRENT ASSETS
Debtors 5 2,726 2,726
Cash at bank 6,296 24,920
9,022 27,646
CREDITORS
Amounts falling due within one year 6 6,420 9,147
NET CURRENT ASSETS 2,602 18,499
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,632

37,287

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 17,532 37,187
SHAREHOLDERS' FUNDS 17,632 37,287

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2024 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.

Chestnut Associates Ltd (Registered number: 09564854)

Balance Sheet - continued
30th April 2024


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 Board of Directors and authorised for issue on 28th November 2024 and were signed on its behalf by:





S M Donald - Director


Chestnut Associates Ltd (Registered number: 09564854)

Notes to the Financial Statements
for the Year Ended 30th April 2024

1. STATUTORY INFORMATION

Chestnut Associates Ltd 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.

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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 50% on reducing balance and 20% on reducing balance

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
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 - NIL).

Chestnut Associates Ltd (Registered number: 09564854)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2024

4. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1st May 2023
and 30th April 2024 51,287
DEPRECIATION
At 1st May 2023 32,499
Charge for year 3,758
At 30th April 2024 36,257
NET BOOK VALUE
At 30th April 2024 15,030
At 30th April 2023 18,788

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other debtors 2,726 2,726

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Taxation and social security - 5,555
Other creditors 6,420 3,592
6,420 9,147

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
100 Ordinary £1 100 100

Chestnut Associates Ltd (Registered number: 09564854)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2024

8. RESERVES
Retained
earnings
£   

At 1st May 2023 37,187
Deficit for the year (16,637 )
Dividends (3,018 )
At 30th April 2024 17,532