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REGISTERED NUMBER: 10038954 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

CHATSWORTH ROAD PROPERTIES LIMITED

CHATSWORTH ROAD PROPERTIES LIMITED (REGISTERED NUMBER: 10038954)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CHATSWORTH ROAD PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: J S McElvaney





REGISTERED OFFICE: Medina House
2 Station Avenue
Bridlington
East Yorkshire
YO16 4LZ





REGISTERED NUMBER: 10038954 (England and Wales)





ACCOUNTANTS: Lloyd Dowson Limited
Medina House
2 Station Avenue
Bridlington
East Yorkshire
YO16 4LZ

CHATSWORTH ROAD PROPERTIES LIMITED (REGISTERED NUMBER: 10038954)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 351,750 351,750

CURRENT ASSETS
Debtors 5 717 820
Cash at bank 651 596
1,368 1,416
CREDITORS
Amounts falling due within one year 6 56,225 38,976
NET CURRENT LIABILITIES (54,857 ) (37,560 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

296,893

314,190

CREDITORS
Amounts falling due after more than one
year

7

(134,870

)

(151,477

)

PROVISIONS FOR LIABILITIES (31,163 ) (25,032 )
NET ASSETS 130,860 137,681

CAPITAL AND RESERVES
Called up share capital 9 1 1
Revaluation reserve 10 107,613 113,744
Retained earnings 23,246 23,936
SHAREHOLDERS' FUNDS 130,860 137,681

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps 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 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.

CHATSWORTH ROAD PROPERTIES LIMITED (REGISTERED NUMBER: 10038954)

BALANCE SHEET - continued
31 MARCH 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 February 2025 and were signed by:





J S McElvaney - Director


CHATSWORTH ROAD PROPERTIES LIMITED (REGISTERED NUMBER: 10038954)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Chatsworth Road Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents rental income excluding discounts, rebates, value added tax and other taxes. Turnover is recognised as it falls due.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the statement of income.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 351,750
NET BOOK VALUE
At 31 March 2024 351,750
At 31 March 2023 351,750

CHATSWORTH ROAD PROPERTIES LIMITED (REGISTERED NUMBER: 10038954)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. INVESTMENT PROPERTY - continued

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2019 137,026
Valuation in 2021 1,750
Cost 212,974
351,750

If investment property had not been revalued it would have been included at the following historical cost:

31.3.24 31.3.23
£    £   
Cost 212,974 212,974

Investment property was valued on an open market basis on 31 March 2024 by the director .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 717 820

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 12,506 8,406
Taxation and social security 10,309 9,540
Other creditors 33,410 21,030
56,225 38,976

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 134,870 151,477

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 84,845 117,854

CHATSWORTH ROAD PROPERTIES LIMITED (REGISTERED NUMBER: 10038954)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 147,376 159,883

Bank loans are secured by a fixed and floating charge over the investment property.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
1 Ordinary £1 1 1

10. RESERVES
Revaluation
reserve
£   
At 1 April 2023 113,744
Transfer to retained earnings (6,131 )

At 31 March 2024 107,613