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REGISTERED NUMBER: 11178719 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 JANUARY 2024

FOR

CHILWORTH AND HART LTD

CHILWORTH AND HART LTD (REGISTERED NUMBER: 11178719)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CHILWORTH AND HART LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28 JANUARY 2024







DIRECTOR: M N Talbot Holmes





REGISTERED OFFICE: Room 73
Wrest House
Wrest Park
Silsoe
Bedfordshire
MK45 4HR





REGISTERED NUMBER: 11178719 (England and Wales)





ACCOUNTANTS: MDG Business Associates Limited
Room 73
Wrest House
Wrest Park
Silsoe
Bedfordshire
MK45 4HR

CHILWORTH AND HART LTD (REGISTERED NUMBER: 11178719)

BALANCE SHEET
28 JANUARY 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 5 121,664 121,664
Cash at bank 40 40
121,704 121,704
CREDITORS
Amounts falling due within one year 6 181,428 141,601
NET CURRENT LIABILITIES (59,724 ) (19,897 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(59,724

)

(19,897

)

CREDITORS
Amounts falling due after more than one year 7 92,289 91,667
NET LIABILITIES (152,013 ) (111,564 )

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings (152,014 ) (111,565 )
SHAREHOLDERS' FUNDS (152,013 ) (111,564 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 27 January 2025 and were signed by:





M N Talbot Holmes - Director


CHILWORTH AND HART LTD (REGISTERED NUMBER: 11178719)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 JANUARY 2024

1. STATUTORY INFORMATION

Chilworth and Hart 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

During the year the company made a loss after tax of £40,449 and had a net deficiency in reserves of £152,014 at the balance sheet date.

After making enquires, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the director continues to adopt the going concern basis in preparing the financial statements.

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.

Business bounce back loan scheme
The Bounce Back Loan Scheme (BBLS) enables smaller businesses to access finance more quickly during the coronavirus outbreak. The scheme helps small and medium sized businesses to borrow between £2,000 and up to 25% of their turnover. The maximum loan available is £50,000. The government guarantees 100% of the loan and there are no fees or interest to pay for the first 12 months. After 12 months the interest rate is 2.5% per annum.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

5. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other debtors 121,664 121,664

CHILWORTH AND HART LTD (REGISTERED NUMBER: 11178719)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 JANUARY 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,769 7,167
Trade creditors 3,679 749
Director's loan account 167,080 132,785
Accrued expenses 900 900
181,428 141,601

The bank loan relates to a Business Bounce Back Loan undertaken in a prior year . Interest is charged at 2.5%. There are no set repayment terms in place.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 36,455 35,833
Other creditors 55,834 55,834
92,289 91,667

The bank loan relates to a Business Bounce Back Loan undertaken in a prior year . Interest is charged at 2.5%. There are no set repayment terms in place.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

9. RELATED PARTY DISCLOSURES

Included within creditors is an amount of £167,080 (2023: £132,784) due to M N Talbot Holmes, director. No interest has been charged on this balance during the year (2023: £Nil) and there are no set repayment terms.

Included within debtors is an amount of £121,664 (2023: £121,664) due to the company from Sakamain Ltd, a company under common control. No interest has been charged on this balance during the year (2023: £Nil) and there are no set repayment terms in place.

Included within creditors is an amount of £55,834 (2023: £55,834) due from the company to J M Holmes, mother of M N Talbot Holmes, director. No interest has been charged on this balance during the year (2023: £Nil) and settlement is due in more than one year from the balance sheet date.