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REGISTERED NUMBER: 11536809 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Chatton Capital Ltd

Chatton Capital Ltd (Registered number: 11536809)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Chatton Capital Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr M S Hunter
Ms C Hunter





REGISTERED OFFICE: The Coach House
Church Hill
Chatton
Alnwick
Northumberland
NE66 5PY





REGISTERED NUMBER: 11536809 (England and Wales)





ACCOUNTANTS: A H & Co Ltd
Chartered Accountants
6 Logie Mill
Edinburgh
Lothian
EH7 4HG

Chatton Capital Ltd (Registered number: 11536809)

Balance Sheet
31 March 2024

31.3.24 31.3.23
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 886 1,287
Investments 4 292,133 1,599,276
Investment property 5 866,587 -
1,159,606 1,600,563

CURRENT ASSETS
Debtors 6 1,190,246 138,731
Cash at bank 428,093 1,243,418
1,618,339 1,382,149
CREDITORS
Amounts falling due within one year 7 1,383,327 1,604,362
NET CURRENT ASSETS/(LIABILITIES) 235,012 (222,213 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,394,618 1,378,350

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 1,394,617 1,378,349
SHAREHOLDERS' FUNDS 1,394,618 1,378,350

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 March 2025 and were signed on its behalf by:





Mr M S Hunter - Director


Chatton Capital Ltd (Registered number: 11536809)

Notes to the Financial Statements
for the Year Ended 31 March 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 as modified by the revaluation of certain assets.

Tangible fixed assets
Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Fixture and Fittings- 20% on cost
Plant and Machinery - 20% on cost

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Provisions
Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the balance sheet date, taking into account the risks and uncertainties surrounding the obligation.

Exemption from preparing a cash flow statement
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small company.

Chatton Capital Ltd (Registered number: 11536809)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

1. ACCOUNTING POLICIES - continued

Fixed asset investments
Investments are measured at fair value through profit or loss. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

Listed investments are measured using the market value in the investment portfolio at the balance sheet date.

2. EMPLOYEES AND DIRECTORS

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

3. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 131 659 1,214 2,004
DEPRECIATION
At 1 April 2023 79 395 243 717
Charge for year 26 132 243 401
At 31 March 2024 105 527 486 1,118
NET BOOK VALUE
At 31 March 2024 26 132 728 886
At 31 March 2023 52 264 971 1,287

4. FIXED ASSET INVESTMENTS

31.3.24 31.3.23
as restated
£    £   
Other investments not loans 292,133 1,599,276

Additional information is as follows:
Other
investments
£   
COST OR VALUATION
At 1 April 2023 1,593,734
Additions 25,000
Disposals (35,709 )
Revaluations (1,295,227 )
At 31 March 2024 287,798
NET BOOK VALUE
At 31 March 2024 287,798
At 31 March 2023 1,593,734

Chatton Capital Ltd (Registered number: 11536809)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 March 2024 is represented by:

Other
investments
£   
Valuation in 2021 15,446
Valuation in 2022 1,933
Valuation in 2023 (27,642 )
Valuation in 2024 2,578
Cost 295,483
287,798

Investments (neither listed nor unlisted) were as follows:
31.3.24 31.3.23
as restated
£    £   
Cash balance 4,335 5,542

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Alpanico Limited
Registered office: 4 Zinas Kanther Street, 3035 Limassol, Cyprus
Nature of business: Holding company
%
Class of shares: holding
Ordinary 100.00
31.3.24 31.3.23
£    £   
Aggregate capital and reserves 911,458 1,379,981
Profit for the year 41,197 1,374,481

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 866,587
At 31 March 2024 866,587
NET BOOK VALUE
At 31 March 2024 866,587

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2024 866,587

6. DEBTORS
31.3.24 31.3.23
as restated
£    £   
Amounts falling due within one year:
Other debtors 903,246 8,731

Chatton Capital Ltd (Registered number: 11536809)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. DEBTORS - continued
31.3.24 31.3.23
as restated
£    £   
Amounts falling due after more than one year:
Other debtors 287,000 130,000

Aggregate amounts 1,190,246 138,731

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
as restated
£    £   
Trade creditors 858 65
Taxation and social security 9,832 10,766
Other creditors 1,372,637 1,593,531
1,383,327 1,604,362

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: as restated
£    £   
1 Ordinary £1 1 1

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 31st March 2024 the company owed the director £1,355,977 (2023: £1,591,191).

10. RELATED PARTY DISCLOSURES



Related party

Type of
transaction


Amount2024
Balance receivable
by/(payable to) related
party as at 31.03.2024
Balance receivable
by/(payable to) related
party as at 31.03.2023

Company A Loan (£150,000) £280,000 £130,000

Loan interest (£7,000) £7,000 Nil

Investment £90,000 Nil Nil

A director of Chatton Capital Ltd is also a director of Company A.

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mr M S Hunter.