BrightAccountsProduction v1.0.0 v1.0.0 2023-01-31 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company was the development, buying and selling of real estate. 16 December 2024 1 1 NI035437 2024-01-30 NI035437 2023-01-30 NI035437 2022-01-30 NI035437 2023-01-31 2024-01-30 NI035437 2022-01-31 2023-01-30 NI035437 uk-bus:PrivateLimitedCompanyLtd 2023-01-31 2024-01-30 NI035437 uk-curr:PoundSterling 2023-01-31 2024-01-30 NI035437 uk-bus:SmallCompaniesRegimeForAccounts 2023-01-31 2024-01-30 NI035437 uk-bus:FullAccounts 2023-01-31 2024-01-30 NI035437 uk-bus:Director1 2023-01-31 2024-01-30 NI035437 uk-bus:RegisteredOffice 2023-01-31 2024-01-30 NI035437 uk-bus:Agent1 2023-01-31 2024-01-30 NI035437 uk-core:ShareCapital 2024-01-30 NI035437 uk-core:ShareCapital 2023-01-30 NI035437 uk-core:RetainedEarningsAccumulatedLosses 2024-01-30 NI035437 uk-core:RetainedEarningsAccumulatedLosses 2023-01-30 NI035437 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-01-30 NI035437 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-01-30 NI035437 uk-bus:FRS102 2023-01-31 2024-01-30 NI035437 uk-core:OtherPropertyPlantEquipment 2023-01-31 2024-01-30 NI035437 uk-core:CostValuation 2024-01-30 NI035437 uk-core:CurrentFinancialInstruments 2024-01-30 NI035437 uk-core:CurrentFinancialInstruments 2023-01-30 NI035437 uk-core:WithinOneYear 2024-01-30 NI035437 uk-core:WithinOneYear 2023-01-30 NI035437 uk-core:WithinOneYear 2024-01-30 NI035437 uk-core:WithinOneYear 2023-01-30 NI035437 uk-core:AfterOneYear 2024-01-30 NI035437 uk-core:AfterOneYear 2023-01-30 NI035437 uk-core:BetweenOneTwoYears 2024-01-30 NI035437 uk-core:BetweenOneTwoYears 2023-01-30 NI035437 uk-core:BetweenTwoFiveYears 2024-01-30 NI035437 uk-core:BetweenTwoFiveYears 2023-01-30 NI035437 uk-core:MoreThanFiveYears 2024-01-30 NI035437 uk-core:MoreThanFiveYears 2023-01-30 NI035437 uk-core:EmployeeBenefits 2023-01-30 NI035437 uk-core:AcceleratedTaxDepreciationDeferredTax 2024-01-30 NI035437 uk-core:TaxLossesCarry-forwardsDeferredTax 2024-01-30 NI035437 uk-core:OtherDeferredTax 2024-01-30 NI035437 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2024-01-30 NI035437 uk-core:EmployeeBenefits 2024-01-30 NI035437 2023-01-31 2024-01-30 NI035437 uk-bus:AuditExempt-NoAccountantsReport 2023-01-31 2024-01-30 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
Company Registration Number: NI035437
 
 
Chichester Moore (Belfast) Limited
 
Unaudited Financial Statements
 
for the financial year ended 30 January 2024
Chichester Moore (Belfast) Limited
Director and Other Information

 
Director Mr. John Moore
 
 
Company Registration Number NI035437
 
 
Registered Office and Business Address 16-18 Chichester Street
Belfast
BT1 4LA
 
 
Accountants HCA Chartered Accountants Ltd
12 Cromac Place
Belfast
Co. Antrim
BT7 2JB
Northern Ireland
 
 
Bankers Danske Bank Limited
  Business Banking Department
  Donegall Square West
  Belfast
  Co. Antrim
  BT1 6JS
  Northern Ireland



Chichester Moore (Belfast) Limited
Company Registration Number: NI035437
Balance Sheet
as at 30 January 2024

Jan 24 Jan 23
Notes £ £
 
Fixed Assets
Tangible assets 4 3,263,045 3,263,045
Investments 5 165,102 165,102
───────── ─────────
Fixed Assets 3,428,147 3,428,147
───────── ─────────
 
Current Assets
Debtors 6 13,612 49,164
Cash and cash equivalents 30 2,293
───────── ─────────
13,642 51,457
───────── ─────────
Creditors: amounts falling due within one year 7 (2,766,490) (1,508,074)
───────── ─────────
Net Current Liabilities (2,752,848) (1,456,617)
───────── ─────────
Total Assets less Current Liabilities 675,299 1,971,530
 
Creditors:
amounts falling due after more than one year 8 (373,245) (1,623,280)
 
Provisions for liabilities 9 (8,547) (8,547)
───────── ─────────
Net Assets 293,507 339,703
═════════ ═════════
 
Capital and Reserves
Called up share capital 2 2
Retained earnings 293,505 339,701
───────── ─────────
Equity attributable to owners of the company 293,507 339,703
═════════ ═════════
 
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 company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Director's Report.
           
For the financial year ended 30 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 16 December 2024
           
           
________________________________          
Mr. John Moore          
Director          
           



Chichester Moore (Belfast) Limited
Notes to the Financial Statements
for the financial year ended 30 January 2024

   
1. General Information
 
Chichester Moore (Belfast) Limited is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI035437. The registered office of the company is 16-18 Chichester Street, Belfast, BT1 4LA which is also the principal place of business of the company. The principal activity of the company was the development, buying and selling of real estate. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 30 January 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Consolidated accounts
The company is entitled to the exemption in Section 399 of the Companies Act 2006 from the obligation to prepare group accounts.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Property under development - Not depreciated
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Investment properties
Investment property is property held either to earn rental income, or for capital appreciation (including future re-development) or for both, but not for sale in the ordinary course of business. Investment property is initially measured at cost, which includes the purchase cost and any directly attributable expenditure. Investment property is subsequently valued at its fair value at each reporting date, by professional external valuers. The difference between the fair value of an investment property at the reporting date and its carrying value prior to the valuation is recognised in the Profit and Loss Account as a fair value gain or loss. Any gain or loss on disposal of an investment property (calculated as the difference between the net proceeds from disposal and the carrying amount of the item) is recognised in the Profit and Loss Account.
 
Investments
Investments held as fixed assets are stated at cost less provision for any permanent diminution in value. Income from other investments together with any related tax credit is recognised in the Profit and Loss Account in the financial year in which it is receivable.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company not not operate a defined contribution pension scheme.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including director, during the financial year was 1, (Jan 23 - 1).
 
  Jan 24 Jan 23
  Number Number
 
Directors 1 1
  ═════════ ═════════
         
4. Tangible assets
  Investment Property Total
  properties under development  
       
  £ £ £
Cost
At 31 January 2023 3,095,433 167,612 3,263,045
  ───────── ───────── ─────────
 
At 30 January 2024 3,095,433 167,612 3,263,045
  ───────── ───────── ─────────
Depreciation
At 31 January 2023 - - -
  ───────── ───────── ─────────
At 30 January 2024 - - -
  ───────── ───────── ─────────
Net book value
At 30 January 2024 3,095,433 167,612 3,263,045
  ═════════ ═════════ ═════════
At 30 January 2023 3,095,433 167,612 3,263,045
  ═════════ ═════════ ═════════
       
5. Investments
  Group and Total
  participating  
  interests/  
  joint ventures  
Investments £ £
Cost
 
At 30 January 2024 165,102 165,102
  ───────── ─────────
Net book value
At 30 January 2024 165,102 165,102
  ═════════ ═════════
At 30 January 2023 165,102 165,102
  ═════════ ═════════
       
6. Debtors Jan 24 Jan 23
  £ £
 
Trade debtors 13,612 18,092
Other debtors - 31,072
  ───────── ─────────
  13,612 49,164
  ═════════ ═════════
       
7. Creditors Jan 24 Jan 23
Amounts falling due within one year £ £
 
Bank overdrafts 1,127,164 -
Bank loan 12,311 78,821
Trade creditors 5,898 -
Amounts owed to group undertakings 1,006,928 953,876
Amounts owed to related parties (Note 11) 414,000 276,000
Director's current account 198,388 188,382
Accruals 1,801 10,995
  ───────── ─────────
  2,766,490 1,508,074
  ═════════ ═════════
       
8. Creditors Jan 24 Jan 23
Amounts falling due after more than one year £ £
 
Bank loan 29,751 1,164,257
Amounts owed to related parties (Note 11) 143,494 259,023
Other loans 200,000 200,000
  ───────── ─────────
  373,245 1,623,280
  ═════════ ═════════
 
Loans
Repayable in one year or less, or on demand (Note 7) 1,139,475 78,821
Repayable between one and two years 12,311 78,821
Repayable between two and five years 17,440 229,606
Repayable in five years or more - 855,830
  ───────── ─────────
  1,169,226 1,243,078
  ═════════ ═════════
 
         
9. Provisions for liabilities
 
The amounts provided for deferred taxation are analysed below:
 
  Capital Total Total
  allowances    
       
    Jan 24 Jan 23
  £ £ £
 
At financial year start 8,547 8,547 8,547
  ───────── ───────── ─────────
At financial year end 8,547 8,547 8,547
  ═════════ ═════════ ═════════
       
10. Capital commitments
 
The company had no material capital commitments at the financial year-ended 30 January 2024.
           
11. Related party transactions
 
The company has availed of the exemption under FRS 102 section 1A in relation to the disclosure of transactions with group undertakings.
   
12. Director's advances, credits and guarantees
 
During the year, the director loaned an additional £10,006. The Balance due at the end of the financial year is £198,388. (2023 - £188,382)
   
13. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.