Registered number
13089383
Chelsea Green Property Limited
Filleted Accounts
30 June 2024
Chelsea Green Property Limited
Registered number: 13089383
Balance Sheet
as at 30 June 2024
Notes 2024 2022
£ £
Current assets
Debtors 3 408,610 1,271,492
Cash at bank and in hand 83,244 6,909
491,854 1,278,401
Creditors: amounts falling due within one year 4 (42,096) (79,276)
Net current assets 449,758 1,199,125
Total assets less current liabilities 449,758 1,199,125
Creditors: amounts falling due after more than one year 5 - (837,500)
Net assets 449,758 361,625
Capital and reserves
Called up share capital 200 200
Profit and loss account 449,558 361,425
Shareholders' funds 449,758 361,625
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Roger Allard
Director
Approved by the board on 6 February 2025
Chelsea Green Property Limited
Notes to the Accounts
for the period from 1 January 2023 to 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2022
Number Number
Average number of persons employed by the company 1 1
3 Debtors 2024 2022
£ £
Loans and advances at cost 380,530 1,271,492
Other debtors 28,080 -
408,610 1,271,492
Amounts due after more than one year included above 360,000 1,271,492
Loans and advances are held at cost. That is the initial fair value (which is the amount advanced or borrowed) adjusted for capital repayments.
4 Creditors: amounts falling due within one year 2024 2022
£ £
Shareholder loans (see note 6) 3,430 -
Taxation and social security costs 33,666 59,376
Other creditors 5,000 19,900
42,096 79,276
5 Creditors: amounts falling due after one year 2024 2022
£ £
Shareholder loans (see note 6) - 837,500
6 Loans made by shareholders
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Roger J Allard
Loan 376,650 45,000 421,650 -
David Bunn
Loan 376,650 45,000 421,650 -
N P Investment Management Limited
Loan 84,200 10,000 90,770 3,430
837,500 100,000 934,070 3,430
The above shareholder loans were all interest free with no fixed repayment date.
7 Other information
Chelsea Green Property Limited is a private company limited by shares and incorporated in England. Its registered office is:
4a Elystan Street
Chelsea
London
SW3 3NS
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