Registered number
03195293
Chertsey Estates Limited
Unaudited Filleted Accounts
31 May 2024
Chertsey Estates Limited
Registered number: 03195293
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 15,334 -
Current assets
Debtors 4 614 -
Cash at bank and in hand 685,224 698,371
685,838 698,371
Creditors: amounts falling due within one year 5 (1,258) (2,034)
Net current assets 684,580 696,337
Net assets 699,914 696,337
Capital and reserves
Called up share capital 75 75
Capital redemption reserve 25 25
Profit and loss account 699,814 696,237
Shareholders' funds 699,914 696,337
The director is 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 director acknowledges his 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.
H R Cook
Director
Approved by the board on 21 February 2025
Chertsey Estates Limited
Notes to the Accounts
for the year ended 31 May 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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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.
Depreciation
The company's motor vehicle is depreciated at the rate of 18% per annum on the reducing balance
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 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Motor vehicles
£
Cost
Additions 18,700
At 31 May 2024 18,700
Depreciation
Charge for the year 3,366
At 31 May 2024 3,366
Net book value
At 31 May 2024 15,334
4 Debtors 2024 2023
£ £
Value added tax 614 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Accrued expenses 68 -
Corporation tax 1,190 2,034
1,258 2,034
6 Other information
Chertsey Estates Limited is a private company limited by shares and incorporated in England. Its registered office is:
22 Fairway
Guildford
Surrey
GU1 2XL
Chertsey Estates Limited 03195293 false 2023-06-01 2024-05-31 2024-05-31 VT Final Accounts July 2024 H R Cook No description of principal activity 03195293 2022-06-01 2023-05-31 03195293 core:WithinOneYear 2023-05-31 03195293 core:ShareCapital 2023-05-31 03195293 core:SharePremium 2023-05-31 03195293 core:RetainedEarningsAccumulatedLosses 2023-05-31 03195293 2023-06-01 2024-05-31 03195293 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 03195293 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 03195293 bus:Director40 2023-06-01 2024-05-31 03195293 1 2023-06-01 2024-05-31 03195293 2 2023-06-01 2024-05-31 03195293 core:Vehicles 2023-06-01 2024-05-31 03195293 countries:England 2023-06-01 2024-05-31 03195293 bus:FRS102 2023-06-01 2024-05-31 03195293 bus:FilletedAccounts 2023-06-01 2024-05-31 03195293 2024-05-31 03195293 core:WithinOneYear 2024-05-31 03195293 core:ShareCapital 2024-05-31 03195293 core:SharePremium 2024-05-31 03195293 core:RetainedEarningsAccumulatedLosses 2024-05-31 03195293 core:Vehicles 2024-05-31 03195293 2023-05-31 iso4217:GBP xbrli:pure