| CHETWYND MANAGEMENT COMPANY LIMITED |
| Notes to the Accounts |
| for the year ended 31 December 2024 |
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| 1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Turnover |
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The company did not trade throughout the year and previous year. The company is responsible for the management of the property known as Chetwynd for which it acts as trustee under the Landlord & Tenant Act. |
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Tangible fixed assets |
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Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
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Freehold buildings |
not depreciated |
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
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Provisions |
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Provisions (i.e. liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
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| 2 |
Employees |
2024 |
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2023 |
| Number |
Number |
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Average number of persons employed by the company |
0 |
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0 |
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| 3 |
Tangible fixed assets |
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Land and buildings |
| £ |
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Cost |
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At 1 January 2024 |
1 |
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At 31 December 2024 |
1 |
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Depreciation |
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At 31 December 2024 |
- |
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Net book value |
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At 31 December 2024 |
1 |
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At 31 December 2023 |
1 |
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Freehold land and buildings: |
2024 |
|
2023 |
| £ |
£ |
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Historical cost |
1 |
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1 |
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Cumulative depreciation based on historical cost |
- |
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- |
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1 |
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1 |
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| 4 |
Freehold reserve |
2024 |
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2023 |
| £ |
£ |
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At 1 January 2024 |
1 |
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1 |
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At 31 December 2024 |
1 |
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1 |
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| 5 |
Limited by Guarantee |
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The company is a private company limited by guarantee without share capital. |
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| 6 |
Controlling party |
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The company was under the control of its members, who are also lessees. |
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| 7 |
Other information |
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CHETWYND MANAGEMENT COMPANY LIMITED is a private company limited by guarantee and incorporated in England. Its registered office is: |
|
147 Wareham Road |
|
Corfe Mullen |
|
Wimborne |
|
Dorset |
|
BH21 3LA |