Chestnut Street Properties Ltd

	Page
Abridged Balance Sheet	1—2
Notes to the Abridged Financial Statements	3—4

Registered number: 12260305

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		219,088		175,219

			219,088		175,219
CURRENT ASSETS
Cash at bank and in hand		1,758		20,000

		1,758		20,000
Creditors: Amounts Falling Due Within One Year		(9,687 )		(9,931 )

NET CURRENT ASSETS (LIABILITIES)			(7,929 )		10,069

TOTAL ASSETS LESS CURRENT LIABILITIES			211,159		185,288

Creditors: Amounts Falling Due After More Than One Year			(162,599 )		(148,727 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(7,554 )		(7,554 )

NET ASSETS			41,006		29,007

CAPITAL AND RESERVES
Called up share capital	5		100		100
Fair value reserve	6		32,206		32,206
Profit and Loss Account			8,700		(3,299 )

SHAREHOLDERS' FUNDS			41,006		29,007

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Chestnut Street Properties Ltd

Abridged Balance Sheet (continued)

As At 31 July 2024

For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 July 2024 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

Mr D Joannou

Director

1 April 2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Chestnut Street Properties Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12260305 . The registered office is 40 Station Road, Quorn, Loughborough, Leicestershire, LE12 8BS.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rental of the investment property.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2023: 2)

4. Tangible Assets

	Total
	£
Cost or Valuation
As at 1 August 2023	175,219
Additions	34,088
Revaluation	9,781

As at 31 July 2024	219,088

Net Book Value
As at 31 July 2024	219,088

As at 1 August 2023	175,219

5. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

6. Reserves

	Fair Value Reserve
	£
As at 1 August 2023	32,206

As at 31 July 2024	32,206

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Chestnut Street Properties Ltd

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 July 2024

7. Related Party Transactions

Included in other creditors is £1,250 owed to Chestnut Street Media Ltd.

The above company is related to Chestnut Street Properties Ltd by common directorship and overlapping shareholding.

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