Chelldale Properties (North West) Limited 01442770 false 2024-03-31 2024-12-31 2024-12-31 The principal activity of the company is property developers and investment Digita Accounts Production Advanced 6.30.9574.0 true true 01442770 2024-03-31 2024-12-31 01442770 2024-12-31 01442770 bus:OrdinaryShareClass1 2024-12-31 01442770 bus:OrdinaryShareClass2 2024-12-31 01442770 core:CurrentFinancialInstruments 2024-12-31 01442770 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 01442770 core:FurnitureFittingsToolsEquipment 2024-12-31 01442770 bus:SmallEntities 2024-03-31 2024-12-31 01442770 bus:AuditExemptWithAccountantsReport 2024-03-31 2024-12-31 01442770 bus:FilletedAccounts 2024-03-31 2024-12-31 01442770 bus:SmallCompaniesRegimeForAccounts 2024-03-31 2024-12-31 01442770 bus:RegisteredOffice 2024-03-31 2024-12-31 01442770 bus:Director1 2024-03-31 2024-12-31 01442770 bus:OrdinaryShareClass1 2024-03-31 2024-12-31 01442770 bus:OrdinaryShareClass2 2024-03-31 2024-12-31 01442770 bus:PrivateLimitedCompanyLtd 2024-03-31 2024-12-31 01442770 core:FurnitureFittingsToolsEquipment 2024-03-31 2024-12-31 01442770 core:OfficeEquipment 2024-03-31 2024-12-31 01442770 countries:England 2024-03-31 2024-12-31 01442770 2024-03-30 01442770 core:FurnitureFittingsToolsEquipment 2024-03-30 01442770 2023-04-01 2024-03-30 01442770 2024-03-30 01442770 bus:OrdinaryShareClass1 2024-03-30 01442770 bus:OrdinaryShareClass2 2024-03-30 01442770 core:CurrentFinancialInstruments 2024-03-30 01442770 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-30 01442770 core:FurnitureFittingsToolsEquipment 2024-03-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 01442770

Chelldale Properties (North West) Limited

Unaudited Filleted Financial Statements

for the Period from 31 March 2024 to 31 December 2024

 

Chelldale Properties (North West) Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Chelldale Properties (North West) Limited

Company Information

Director

Mrs G Dale

Registered office

Greenfields
14 Buxton Old Road
Macclesfield
Cheshire
SK11 7EL

Accountants

McGinty Demack Limited
Chartered Certified Accountants
Vermont House
Bradley Lane
Standish
Wigan
WN6 0XF

 

Chelldale Properties (North West) Limited

(Registration number: 01442770)
Balance Sheet as at 31 December 2024

Note

2024
£

2024
£

Fixed assets

 

Tangible assets

4

-

2,393

Current assets

 

Debtors

5

-

218,688

Cash at bank and in hand

 

253,839

56,945

 

253,839

275,633

Creditors: Amounts falling due within one year

6

(2,362)

(6,124)

Net current assets

 

251,477

269,509

Total assets less current liabilities

 

251,477

271,902

Provisions for liabilities

-

(857)

Net assets

 

251,477

271,045

Capital and reserves

 

Called up share capital

7

200

200

Retained earnings

251,277

270,845

Shareholders' funds

 

251,477

271,045

For the financial period ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

 

Chelldale Properties (North West) Limited

(Registration number: 01442770)
Balance Sheet as at 31 December 2024

Approved and authorised by the director on 16 January 2025
 

.........................................
Mrs G Dale
Director

 

Chelldale Properties (North West) Limited

Notes to the Unaudited Financial Statements for the Period from 31 March 2024 to 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Greenfields
14 Buxton Old Road
Macclesfield
Cheshire
SK11 7EL
England

These financial statements were authorised for issue by the director on 16 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Chelldale Properties (North West) Limited

Notes to the Unaudited Financial Statements for the Period from 31 March 2024 to 31 December 2024

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

15% Reducing Balance

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Chelldale Properties (North West) Limited

Notes to the Unaudited Financial Statements for the Period from 31 March 2024 to 31 December 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1 (2024 - 1).

 

Chelldale Properties (North West) Limited

Notes to the Unaudited Financial Statements for the Period from 31 March 2024 to 31 December 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 31 March 2024

10,994

10,994

Disposals

(10,994)

(10,994)

At 31 December 2024

-

-

Depreciation

At 31 March 2024

8,601

8,601

Eliminated on disposal

(8,601)

(8,601)

At 31 December 2024

-

-

Carrying amount

At 31 December 2024

-

-

At 30 March 2024

2,393

2,393

5

Debtors

Current

2024
£

2024
£

Other debtors

-

218,688

 

-

218,688

6

Creditors

Creditors: amounts falling due within one year

2024
£

2024
£

Due within one year

Accruals and deferred income

2,362

1,181

Other creditors

-

4,943

2,362

6,124

 

Chelldale Properties (North West) Limited

Notes to the Unaudited Financial Statements for the Period from 31 March 2024 to 31 December 2024

7

Share capital

Allotted, called up and fully paid shares

2024

2024

No.

£

No.

£

Ordinary A Shares of £1 each

150

150

150

150

Ordinary B Shares of £1 each

50

50

50

50

200

200

200

200