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REGISTERED NUMBER: 13312807 (England and Wales)
















Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Chestnut On The Water Ltd

Chestnut On The Water Ltd (Registered number: 13312807)

Contents of the Financial Statements
for the Year Ended 30 April 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Chestnut On The Water Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTOR: Mrs E C Terblanche





REGISTERED OFFICE: 22 Wessex Park
Bancombe Business Estate
Somerton
Somerset
TA11 6SB





REGISTERED NUMBER: 13312807 (England and Wales)





ACCOUNTANTS: Somerset Accountancy Services Ltd
22 Wessex Park
Bancombe Business Estate
Somerton
Somerset
TA11 6SB

Chestnut On The Water Ltd (Registered number: 13312807)

Abridged Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 90,000 99,999
Tangible assets 5 218,234 178,327
308,234 278,326

CURRENT ASSETS
Debtors 3,929 58,177
Cash at bank 8,093 8,163
12,022 66,340
CREDITORS
Amounts falling due within one year 387,344 330,508
NET CURRENT LIABILITIES (375,322 ) (264,168 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(67,088

)

14,158

CREDITORS
Amounts falling due after more than one
year

(34,145

)

-

PROVISIONS FOR LIABILITIES (12,388 ) (12,567 )
NET (LIABILITIES)/ASSETS (113,621 ) 1,591

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (113,622 ) 1,590
SHAREHOLDERS' FUNDS (113,621 ) 1,591

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Chestnut On The Water Ltd (Registered number: 13312807)

Abridged Balance Sheet - continued
30 April 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 17 February 2025 and were signed by:





Mrs E C Terblanche - Director


Chestnut On The Water Ltd (Registered number: 13312807)

Notes to the Financial Statements
for the Year Ended 30 April 2024


1. STATUTORY INFORMATION

Chestnut On The Water Ltd 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Chestnut On The Water Ltd (Registered number: 13312807)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


2. ACCOUNTING POLICIES - continued

Going concern
At the balance sheet date, the company's liabilities exceeded its assets. At the balance sheet date, the company had a liability to its holding company amounting to £266,913. The company has received assurance from its holding company that it will continue to give financial support to the company for twelve months from the date of signing these financial statements.

On this basis, the director considers it appropriate to prepare the accounts on a going concern basis. However, should the financial support mentioned above not be forthcoming, the going concern basis used in preparing the company's accounts may be invalid and adjustments would have to be made to reduce the value of assets to their realisable amount and to provide for any further liabilities which might arise. The accounts do not include any adjustments to the company's assets or liabilities that might be necessary should this basis not continue to be appropriate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023
and 30 April 2024 99,999
AMORTISATION
Amortisation for year 9,999
At 30 April 2024 9,999
NET BOOK VALUE

At 30 April 2024 90,000
At 30 April 2023 99,999

Chestnut On The Water Ltd (Registered number: 13312807)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023 209,096
Additions 75,571
Disposals (2,245 )
At 30 April 2024 282,422
DEPRECIATION
At 1 May 2023 30,769
Charge for year 33,447
Eliminated on disposal (28 )
At 30 April 2024 64,188
NET BOOK VALUE
At 30 April 2024 218,234
At 30 April 2023 178,327

6. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Debentures - 70,000

In 2023, loans with an outstanding balance of £70,000 were secured by a fixed and floating charge over all the assets of the company. These loans were settled during the current year.