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REGISTERED NUMBER: 04669101 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

CHELSEA GATE LTD

CHELSEA GATE LTD (REGISTERED NUMBER: 04669101)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CHELSEA GATE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTORS: Mrs S Randall
Mr J Diamond





REGISTERED OFFICE: 4 Kings Row
Armstrong Road
Maidstone
Kent
ME15 6AQ





REGISTERED NUMBER: 04669101 (England and Wales)





ACCOUNTANTS: Mackenzies Accountants Limited
Chartered Accountants
1 Langley Court
Pyle Street
Newport
Isle of Wight
PO30 1LA

CHELSEA GATE LTD (REGISTERED NUMBER: 04669101)

BALANCE SHEET
30 NOVEMBER 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 4,198 3,025
Investments 5 35,000 35,000
39,198 38,025

CURRENT ASSETS
Debtors 6 376,271 376,067
Cash at bank 233,152 163,966
609,423 540,033
CREDITORS
Amounts falling due within one year 7 89,064 81,626
NET CURRENT ASSETS 520,359 458,407
TOTAL ASSETS LESS CURRENT
LIABILITIES

559,557

496,432

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 559,457 496,332
SHAREHOLDERS' FUNDS 559,557 496,432

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

CHELSEA GATE LTD (REGISTERED NUMBER: 04669101)

BALANCE SHEET - continued
30 NOVEMBER 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 March 2025 and were signed on its behalf by:




Mr J Diamond - Director



Mrs S Randall - Director


CHELSEA GATE LTD (REGISTERED NUMBER: 04669101)

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


1. STATUTORY INFORMATION

Chelsea Gate 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

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

CHELSEA GATE LTD (REGISTERED NUMBER: 04669101)

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


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£ £ £
COST
At 1 December 2023 17,692 8,528 26,220
Additions 578 1,894 2,472
At 30 November 2024 18,270 10,422 28,692
DEPRECIATION
At 1 December 2023 16,273 6,922 23,195
Charge for year 463 836 1,299
At 30 November 2024 16,736 7,758 24,494
NET BOOK VALUE
At 30 November 2024 1,534 2,664 4,198
At 30 November 2023 1,419 1,606 3,025

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2024 2023
£ £
Film investment 35,000 35,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 22,129 24,128
Owed by companies under common control 182,169 182,574
Other debtors 171,973 169,365
376,271 376,067

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 11,199 8,163
Owed to companies under common control 1,077 1,077
Taxation and social security 20,651 16,726
Other creditors 56,137 55,660
89,064 81,626

CHELSEA GATE LTD (REGISTERED NUMBER: 04669101)

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


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
30 Ordinary A £1 30 30
20 Ordinary B £1 20 20
20 Ordinary C £1 20 20
20 Ordinary D £1 20 20
5 Ordinary E £1 5 5
5 Ordinary F £1 5 5
100 100

9. ULTIMATE CONTROLLING PARTY

The executors of the late Baroness Rowena Von Albedyhll, who was the majority shareholder of the company, are collectively the ultimate controlling party of the company.