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CHM Properties (Kent) Ltd
Registered Number:06910286
For the year ended 31 May 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 May 2024
CHM Properties (Kent) Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
06910286
As at 31 May 2024
CHM Properties (Kent) Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
1,185,000
1,185,000
2
1,185,000
1,185,000
Current assets
Trade and other receivables
132,537
147,896
3
43,405
Cash and cash equivalents
30,002
177,898
175,942
Trade and other payables: amounts falling due within one year
(515,361)
(495,872)
4
(339,419)
(317,974)
Net current liabilities
Total assets less current liabilities
867,026
845,581
Trade and other payables: amounts falling due after more than
one year
(248,810)
(217,528)
5
649,498
Net assets
596,771
Capital and reserves
Called up share capital
1,000
1,000
Revaluation reserve
42,764
42,764
6
Retained earnings
605,734
553,007
649,498
596,771
Shareholders' funds
For the year ended 31 May 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Ms Melodie Ann Harris Director
These financial statements were approved and authorised for issue by the Board on 29 January 2025 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 May 2024
CHM Properties (Kent) Ltd
Notes to the Financial Statements
Statutory Information
CHM Properties (Kent) Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number
06910286.
Principal place of business:
The Willows,
Queenborough Drive
Minster On Sea
Kent
ME12 2JJ
Registered address:
3 Conqueror Court
Sittingbourne
Kent
ME10 5BH
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have
been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover represents rents receivable.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
33% Straight line
Computer equipment
The company''s freehold properties are revalued in full every five years. Interim valuations are carried out when it is likely that there has
been a material change in value.
No depreciation is provided on the company''s freehold properties since in the opinion of the directors the expected useful lives are
sufficiently long and the estimated residual values are sufficiently high that any such depreciation would be immaterial. The directors
undertake an annual impairment review of these properties.
Investment property
Investment properties are included in the balance sheet at their open market value at the balance sheet date. The resulting aggregate surplus or deficit is transferred to a revaluation reserve. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years. Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.
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5
For the year ended 31 May 2024
CHM Properties (Kent) Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Investment
properties
£
£
£
Cost or valuation
At 01 June 2023
1,185,804
804
1,185,000
At 31 May 2024
1,185,000
804
1,185,804
Provision for depreciation and impairment
At 01 June 2023
804
804
-
At 31 May 2024
804
804
-
At 31 May 2024
Net book value
1,185,000
-
1,185,000
At 31 May 2023
1,185,000
-
1,185,000
In respect of certain fixed assets stated at valuations, the comparable historical cost and depreciation values are as follows:
Historical cost
£
1,102,236
At 01 June 2023
1,102,236
Net historical cost value:
At 31 May 2023
At 31 May 2024
1,102,236
3. Trade and other receivables
2023
2024
£
£
Other debtors
147,896
132,537
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft (secured)
49,053
42,816
Taxation and social security
17,457
14,359
Other creditors
429,362
458,186
495,872
515,361
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6
For the year ended 31 May 2024
CHM Properties (Kent) Ltd
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft (secured)
217,528
248,810
6. Reserves
Total
£
Revaluation reserve at 01 June 2023
42,764
42,764
Revaluation reserve at 31 May 2024
7. Average number of persons employed
During the year the average number of employees was 0 (2023 : 1)
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