Registered number
06380529
Cheadle Estates Limited
Filleted Accounts
30 September 2023
Cheadle Estates Limited
Registered number: 06380529
Balance Sheet
as at 30 September 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,783,337 1,647,261
Current assets
Debtors 4 16,803 5,487
Cash at bank and in hand 76,041 5,812
92,844 11,299
Creditors: amounts falling due within one year 5 (583,273) (642,412)
Net current liabilities (490,429) (631,113)
Total assets less current liabilities 1,292,908 1,016,148
Creditors: amounts falling due after more than one year 6 (1,175,908) (891,050)
Net assets 117,000 125,098
Capital and reserves
Called up share capital 2 2
Revaluation reserve 7 225,578 225,578
Profit and loss account (108,580) (100,482)
Shareholders' funds 117,000 125,098
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M Rudzinski
Director
Approved by the board on 30 December 2024
Cheadle Estates Limited
Notes to the Accounts
for the year ended 30 September 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 October 2022 1,647,261
Additions 136,076
At 30 September 2023 1,783,337
Depreciation
At 30 September 2023 -
Net book value
At 30 September 2023 1,783,337
At 30 September 2022 1,647,261
4 Debtors 2023 2022
£ £
Trade debtors (276) (4,556)
Other debtors 17,079 10,043
16,803 5,487
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 9,800 -
Other creditors 573,473 642,412
583,273 642,412
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 1,175,908 891,050
7 Revaluation reserve 2023 2022
£ £
At 1 October 2022 225,578 225,578
At 30 September 2023 225,578 225,578
8 Other information
Cheadle Estates Limited is a private company limited by shares and incorporated in England. Its registered office is:
C/O b Olsberg & Co
Room 9 Enterprise House
3 Middleton Rd
Manchester
M8 5DT
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