Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseDevelopment of building projects11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06577173 2023-04-01 2024-03-31 06577173 2022-04-01 2023-03-31 06577173 2024-03-31 06577173 2023-03-31 06577173 c:Director1 2023-04-01 2024-03-31 06577173 d:FurnitureFittings 2023-04-01 2024-03-31 06577173 d:FurnitureFittings 2024-03-31 06577173 d:FurnitureFittings 2023-03-31 06577173 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06577173 d:CurrentFinancialInstruments 2024-03-31 06577173 d:CurrentFinancialInstruments 2023-03-31 06577173 d:Non-currentFinancialInstruments 2024-03-31 06577173 d:Non-currentFinancialInstruments 2023-03-31 06577173 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 06577173 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 06577173 d:ShareCapital 2024-03-31 06577173 d:ShareCapital 2023-03-31 06577173 d:RetainedEarningsAccumulatedLosses 2024-03-31 06577173 d:RetainedEarningsAccumulatedLosses 2023-03-31 06577173 c:FRS102 2023-04-01 2024-03-31 06577173 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 06577173 c:FullAccounts 2023-04-01 2024-03-31 06577173 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06577173 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Registered number: 06577173


CHASE SIDE ESTATES LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 MARCH 2024

 
CHASE SIDE ESTATES LIMITED
REGISTERED NUMBER:06577173

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,224
1,638

Current assets
  

Stocks
 5 
48,000
1,299,965

Debtors: amounts falling due after more than one year
 6 
35
35

Debtors: amounts falling due within one year
 6 
58,821
32,116

Cash at bank and in hand
 7 
12,777
8,542

  
119,633
1,340,658

Creditors: amounts falling due within one year
 8 
(2,745,268)
(3,976,182)

Net current liabilities
  
 
 
(2,625,635)
 
 
(2,635,524)

  

Net liabilities
  
(2,624,411)
(2,633,886)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(2,624,511)
(2,633,986)

  
(2,624,411)
(2,633,886)


Page 1

 
CHASE SIDE ESTATES LIMITED
REGISTERED NUMBER:06577173
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 January 2025.




................................................
Mr MHC Davies
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
CHASE SIDE ESTATES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Chase Side Estates Limited is a private company, limited by shares, incorporated in England in the United Kingdom. The address of the registered office is 6th Floor, 2 London Wall Place, London, EC2Y 5AU. The nature of the Company’s operations and principal activities are the provision of serviced offices, conference facilities, general business services and property trading.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in ounds sterlling, the functional currency, rounded to the nearest £1.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors have prepared the financial statements on a going concern basis as the shareholders have committed to providing financial support for a minimum of 12 months following the signing of the balance sheet, as required .

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Page 3

 
CHASE SIDE ESTATES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.3
Turnover (continued)

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
CHASE SIDE ESTATES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

Property Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including the director, during the year was as follows:


        2024
        2023
            No.
            No.







Employees
1
1

Page 5

 
CHASE SIDE ESTATES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 April 2023
86,920


Additions
129



At 31 March 2024

87,049



Depreciation


At 1 April 2023
85,282


Charge for the year
543



At 31 March 2024

85,825



Net book value



At 31 March 2024
1,224



At 31 March 2023
1,638


5.


Stocks

2024
2023
£
£

Property Stock
48,000
1,299,965


Page 6

 
CHASE SIDE ESTATES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Debtors

2024
2023
£
£

Due after more than one year

Other debtors
35
35


2024
2023
£
£

Due within one year

Trade debtors
6,884
13,224

Other debtors
50,965
18,892

Tax recoverable
972
-

58,821
32,116



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
12,777
8,542



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
22,404
13,319

Amounts owed to group undertakings
2,698,112
3,930,752

Corporation tax
2,939
-

Other creditors
2,000
11,668

Accruals and deferred income
19,813
20,443

2,745,268
3,976,182


Page 7

 
CHASE SIDE ESTATES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Related party transactions


The Company has taken advantage of the exemption available in Financial Reporting Standard 102 Section 33 whereby it has not disclosed transactions with the ultimate parent company or any wholly owned subsidiary undertaking of the group.
 


10.


Ultimate Parent Company

The immediate parent company during the current and previous year was Hightrees Properties Limited.
The ultimate parent company during the current and previous year was Hightrees Properties Holdings Limited.
Both of these companies are in liquidation at the date of authorisation of these financial statements.  

 
Page 8