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REGISTERED NUMBER: 08273649















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

IRWELL CHAMBERS ESTATES LIMITED

IRWELL CHAMBERS ESTATES LIMITED (REGISTERED NUMBER: 08273649)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


IRWELL CHAMBERS ESTATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: R J Danks
R Bailey
Mrs K Danks





REGISTERED OFFICE: Harpal House
14 Holyhead Road
Handsworth
Birmingham
West Midlands
B21 0LT





REGISTERED NUMBER: 08273649

IRWELL CHAMBERS ESTATES LIMITED (REGISTERED NUMBER: 08273649)

BALANCE SHEET
31 OCTOBER 2023

31/10/23 31/10/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,757,083 11,914,734

CURRENT ASSETS
Debtors 5 7,147 7,121
Cash at bank and in hand 11,559 11,089
18,706 18,210
CREDITORS
Amounts falling due within one year 6 247,452 236,884
NET CURRENT LIABILITIES (228,746 ) (218,674 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,528,337

11,696,060

CREDITORS
Amounts falling due after more than one
year

7

7,384,000

7,428,217
NET ASSETS 4,144,337 4,267,843

CAPITAL AND RESERVES
Called up share capital 9 100 100
Revaluation of Property 10 5,997,477 5,997,477
Retained earnings 10 (1,853,240 ) (1,729,734 )
SHAREHOLDERS' FUNDS 4,144,337 4,267,843

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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.

IRWELL CHAMBERS ESTATES LIMITED (REGISTERED NUMBER: 08273649)

BALANCE SHEET - continued
31 OCTOBER 2023


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 19 March 2025 and were signed on its behalf by:




Mrs K Danks - Director



R Bailey - Director


IRWELL CHAMBERS ESTATES LIMITED (REGISTERED NUMBER: 08273649)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

Irwell Chambers Estates Limited is a private company, limited by shares , registered in Not specified/Other. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 NIL (2022 - 2 ).

IRWELL CHAMBERS ESTATES LIMITED (REGISTERED NUMBER: 08273649)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and Motor
property property fittings vehicles Totals
£    £    £    £    £   
COST OR VALUATION
At 1 November 2022 8,206,653 5,103,143 171,930 - 13,481,726
Additions (164,133 ) - - 18,000 (146,133 )
At 31 October 2023 8,042,520 5,103,143 171,930 18,000 13,335,593
DEPRECIATION
At 1 November 2022 1,500,634 - 66,358 - 1,566,992
Charge for year - - 7,918 3,600 11,518
At 31 October 2023 1,500,634 - 74,276 3,600 1,578,510
NET BOOK VALUE
At 31 October 2023 6,541,886 5,103,143 97,654 14,400 11,757,083
At 31 October 2022 6,706,019 5,103,143 105,572 - 11,914,734

Cost or valuation at 31 October 2023 is represented by:

Improvements Fixtures
Freehold to and Motor
property property fittings vehicles Totals
£    £    £    £    £   
Valuation in 2013 2,179,386 - - - 2,179,386
Valuation in 2014 3,818,091 - - - 3,818,091
Valuation in 2019 353,827 1,318,340 3,933 - 1,676,100
Cost 1,691,216 3,784,803 167,997 18,000 5,662,016
8,042,520 5,103,143 171,930 18,000 13,335,593

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
£    £   
Blue Square Construction Ltd 26 -
BSA Irwell Chambers Manag Co 1,713 1,713
Other debtors 5,408 5,408
7,147 7,121

IRWELL CHAMBERS ESTATES LIMITED (REGISTERED NUMBER: 08273649)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
£    £   
Bank loans and overdrafts (see note 8) 33,217 -
Trade creditors 34,298 52,137
Tax 5,100 5,100
Other creditors 22,388 26,189
Rent Deposit 6,153 4,272
Blue Square Acquisitions Ltd 83,318 84,258
Directors' current accounts 338 2,288
Accrued expenses 62,640 62,640
247,452 236,884

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/10/23 31/10/22
£    £   
Bank loans (see note 8) 7,380,000 7,428,217
Hire purchase contracts 4,000 -
7,384,000 7,428,217

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 7,380,000 7,428,217

8. LOANS

An analysis of the maturity of loans is given below:

31/10/23 31/10/22
£    £   
Amounts falling due within one year or on demand:
Bank loans 33,217 -

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 7,380,000 7,428,217

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/10/23 31/10/22
value: £    £   
100 Ordinary £1 100 100

IRWELL CHAMBERS ESTATES LIMITED (REGISTERED NUMBER: 08273649)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

10. RESERVES
Revaluation
Retained of
earnings Property Totals
£    £    £   

At 1 November 2022 (1,729,734 ) 5,997,477 4,267,743
Deficit for the year (123,506 ) (123,506 )
At 31 October 2023 (1,853,240 ) 5,997,477 4,144,237

11. ULTIMATE CONTROLLING PARTY

The company is more than 75% owned subsidiary of Blue Square Acquisitions Limited and is under the control of director Mr. R. Danks by virtue of his ownership of 100% of the ordinary share capital of Blue Square Acquisitions Limited.