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REGISTERED NUMBER: 13414727 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

CHASE FENCING SUPPLIES LIMITED

CHASE FENCING SUPPLIES LIMITED (REGISTERED NUMBER: 13414727)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CHASE FENCING SUPPLIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: S Baldwin
R Coulstock





REGISTERED OFFICE: C/O Galloways Accounting
The Mill Building
31-35 Chatsworth Road
Worthing
West Sussex
BN11 1LY





REGISTERED NUMBER: 13414727 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
15 West Street
Brighton
East Sussex
BN1 2RL

CHASE FENCING SUPPLIES LIMITED (REGISTERED NUMBER: 13414727)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 3 502,500 502,500

CURRENT ASSETS
Cash at bank 2,600 2,600

CREDITORS
Amounts falling due within one year 4 508,467 507,022
NET CURRENT LIABILITIES (505,867 ) (504,422 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(3,367

)

(1,922

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (3,467 ) (2,022 )
(3,367 ) (1,922 )

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

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

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 21 March 2025 and were signed on its behalf by:




S Baldwin - Director



R Coulstock - Director


CHASE FENCING SUPPLIES LIMITED (REGISTERED NUMBER: 13414727)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. 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.

These financial statements have been prepared on the basis that the company will continue to be a going concern. If this assumption is not considered valid, then adjustments would need to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that might arise and to reclassify fixed assets and long term liabilities as current assets and liabilities.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

2. EMPLOYEES AND DIRECTORS

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

3. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2023
and 30 June 2024 502,500
NET BOOK VALUE
At 30 June 2024 502,500
At 30 June 2023 502,500

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 397,207 336,032
Other creditors 110,000 170,000
Accrued expenses 1,260 990
508,467 507,022

5. RELATED PARTY DISCLOSURES

Pallet Handling Penhurst Limited
During the year a subsidiary company, Pallet Handling Penhurst Limited, increased their loan to the company. At the year end Chase Fencing Supplies Limited owed £397,207 (2023: £336,032). This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

R Coulstock and S Baldwin hold 100% control of Chase Fencing Supplies Limited, who owns 100% of the shares held in Pallet Handling Penhurst Limited.

CHASE FENCING SUPPLIES LIMITED (REGISTERED NUMBER: 13414727)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

6. ULTIMATE CONTROLLING PARTY

The controlling party is R Coulstock and S Baldwin.

This was by virtue of their 100% holding of the issued share capital.

7. ACCOUNTING BASIS

As stated in the accounting policy note, these financial statements have been prepared on the basis that the company will continue to be a going concern. During the year the company made a loss of £1,444, and as at the year end the current liabilities exceeded current assets by £505,866.
The validity of this basis depends upon the continued support of the company's directors. The directors confirm that they will give the required support.