Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-312023-03-31falseNo description of principal activityfalse00falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14772060 2023-03-30 14772060 2023-03-31 2024-07-31 14772060 2022-03-31 2023-03-30 14772060 2024-07-31 14772060 c:Director4 2023-03-31 2024-07-31 14772060 d:Buildings 2023-03-31 2024-07-31 14772060 d:Buildings 2024-07-31 14772060 d:CurrentFinancialInstruments 2024-07-31 14772060 d:Non-currentFinancialInstruments 2024-07-31 14772060 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 14772060 d:Non-currentFinancialInstruments d:AfterOneYear 2024-07-31 14772060 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-07-31 14772060 d:ShareCapital 2024-07-31 14772060 c:OrdinaryShareClass1 2023-03-31 2024-07-31 14772060 c:OrdinaryShareClass1 2024-07-31 14772060 c:OrdinaryShareClass2 2023-03-31 2024-07-31 14772060 c:OrdinaryShareClass2 2024-07-31 14772060 c:OrdinaryShareClass3 2023-03-31 2024-07-31 14772060 c:OrdinaryShareClass3 2024-07-31 14772060 c:OrdinaryShareClass4 2023-03-31 2024-07-31 14772060 c:OrdinaryShareClass4 2024-07-31 14772060 c:FRS102 2023-03-31 2024-07-31 14772060 c:AuditExempt-NoAccountantsReport 2023-03-31 2024-07-31 14772060 c:FullAccounts 2023-03-31 2024-07-31 14772060 c:PrivateLimitedCompanyLtd 2023-03-31 2024-07-31 14772060 e:PoundSterling 2023-03-31 2024-07-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 14772060









CHICKPEA PROPERTIES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JULY 2024

 
CHICKPEA PROPERTIES LIMITED
REGISTERED NUMBER: 14772060

BALANCE SHEET
AS AT 31 JULY 2024

31 July 2024
Note
£

Fixed assets
  

Tangible assets
 4 
1,265,342

  
1,265,342

Current assets
  

Debtors: amounts falling due within one year
 5 
65,778

Cash at bank and in hand
 6 
834

  
66,612

Creditors: amounts falling due within one year
 7 
(706,603)

Net current (liabilities)/assets
  
 
 
(639,991)

Total assets less current liabilities
  
625,351

Creditors: amounts falling due after more than one year
 8 
(625,236)

  

Net assets
  
115


Capital and reserves
  

Called up share capital 
 10 
115

  
115


Page 1

 
CHICKPEA PROPERTIES LIMITED
REGISTERED NUMBER: 14772060
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 March 2025.




................................................
James Underhill
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
CHICKPEA PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

1.


General information

Chickpea Properties Limited is a private company limited by shares, incorporated in England and Wales on 31 March 2023. The principal activity throughout the period was that of rental of own real estate. The Company's year end was extended from 31 March 2024 to 31 July 2024. The Company started trading on 01 April 2023.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

Page 3

 
CHICKPEA PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Freehold property
-
not depreciated

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
CHICKPEA PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees




The Company has no employees other than the directors, who did not receive any remuneration.



Page 5

 
CHICKPEA PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

4.


Tangible fixed assets





Freehold property

£



Cost or valuation


Additions
1,265,342



At 31 July 2024

1,265,342






Net book value



At 31 July 2024
1,265,342


5.


Debtors

Period ended 31 July 2024
£


Amounts owed by associated undertakings
54,934

Prepayments and accrued income
10,844

65,778



6.


Cash and cash equivalents

Period ended 31 July 2024
£

Cash at bank and in hand
834

834


Page 6

 
CHICKPEA PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

7.


Creditors: Amounts falling due within one year

Period ended 31 July 2024
£

Bank loans
45,166

Other loans
321,165

Trade creditors
6,289

Amounts owed to associated undertakings
326,043

Corporation tax
832

Other taxation and social security
1,906

Accruals and deferred income
5,202

706,603



8.


Creditors: Amounts falling due after more than one year

Period ended 31 July 2024
£

Bank loans
581,456

Other loans
43,780

625,236


Page 7

 
CHICKPEA PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

9.


Loans


Analysis of the maturity of loans is given below:


Period ended 31 July 2024
£

Amounts falling due within one year

Bank loans
45,166

Other loans
321,165


366,331

Amounts falling due 1-2 years

Bank loans
581,456

Other loans
43,780


625,236



991,567



10.


Share capital

Period ended 31 July 2024
£
Allotted, called up and fully paid


50 Ordinary A shares of £1 each
50
50 Ordinary B shares of £1 each
50
10 Ordinary C shares of £1 each
10
5 Ordinary D shares of £1 each
5

115


Upon incorporation 50 Ordinary A, 50 Ordinary B, 10 Ordinary C and 5 Ordinary D shares £1 each were issued at par.

Page 8

 
CHICKPEA PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

11.


Controlling party

The Company is controlled by Chickpea Limited, who owns 100% of the issued shares.

 
Page 9