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Registration number: 09156140

Chiltern Green Homes Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

Chiltern Green Homes Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Chiltern Green Homes Limited

Company Information

Director

A M Alibhai

Registered office

C/o Kishens Chartered Accountants
13 Montpelier Avenue
Bexley
Kent
DA5 3AP

Accountants

Kishens Limited
Chartered Accountants13 Montpelier Avenue
Bexley
Kent
DA5 3AP

 

Chiltern Green Homes Limited

(Registration number: 09156140)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Current assets

 

Stocks

4

2,855,837

2,779,981

Debtors

5

3,370

88,881

Cash at bank and in hand

 

421

2,843

 

2,859,628

2,871,705

Creditors: Amounts falling due within one year

6

(2,689,900)

(2,700,850)

Net assets

 

169,728

170,855

Capital and reserves

 

Called up share capital

7

200,000

200,000

Retained earnings

(30,272)

(29,145)

Shareholders' funds

 

169,728

170,855

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 22 March 2025
 

.........................................
A M Alibhai
Director

 

Chiltern Green Homes Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
C/o Kishens Chartered Accountants
13 Montpelier Avenue
Bexley
Kent
DA5 3AP
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods or on completion of the designated services;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Chiltern Green Homes Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Trade Debtors

Trade Debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade Debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stock and work in progress represents properties held for resale which are valued at the lower of cost and net realisable value. Cost is determined on property at cost plus expenses in acquiring the asset and bringing it to its present condition. Net realisable value is estimated selling price less costs to complete the sale. Provisions are made against slow moving and or dilapidated stock where net realisable value is less than cost.

Trade Creditors

Trade Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade Creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Stocks

2024
£

2023
£

Work in progress

2,855,837

2,779,981

 

Chiltern Green Homes Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

5

Debtors

Current

2024
£

2023
£

Other debtors

3,370

88,881

 

3,370

88,881

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

15,900

850

Other creditors

2,674,000

2,700,000

2,689,900

2,700,850

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary share capital of £1 each

100,000

100,000

100,000

100,000

Class B ordinary share capital of £1 each

100,000

100,000

100,000

100,000

ordinary share capital of £0 each

-

-

-

-

200,000

200,000

200,000

200,000

8

Parent and ultimate parent undertaking

The ultimate controlling party is North Bridge Funding Limited, M2NR Limited and Allied Godwin Developments Limited the shareholder of the company.