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REGISTERED NUMBER: 05260711 (England and Wales)















Financial Statements for the Year Ended 31 October 2024

for

Chatsworth Court Freehold Company Ltd

Chatsworth Court Freehold Company Ltd (Registered number: 05260711)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Chatsworth Court Freehold Company Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTORS: Mr L L North
Mrs F J Arkle
Ms J J P Botsford
Mr R Harney
Mr M Zafar





REGISTERED OFFICE: C/O C A Daw & Son Limited
Managing Agent
27 Palace Gate
London
W8 5LS





REGISTERED NUMBER: 05260711 (England and Wales)





ACCOUNTANTS: City, Chartered Accountants
Suite 540, 5th Floor,
Linen Hall
162- 168 Regent Street
London
W1B 5TF

Chatsworth Court Freehold Company Ltd (Registered number: 05260711)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 18,986 18,986

CURRENT ASSETS
Debtors 5 10,929 33,217
Investments 6 300,000 301,252
Cash at bank 110,084 64,617
421,013 399,086
CREDITORS
Amounts falling due within one year 7 (5,697 ) (2,399 )
NET CURRENT ASSETS 415,316 396,687
TOTAL ASSETS LESS CURRENT
LIABILITIES

434,302

415,673

RESERVES
Unrestricted fund - Member 8 119 119
Restricted fund - Members 8 74 74
Income and expenditure account 8 434,109 415,480
434,302 415,673

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 surplus or deficit 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.

Chatsworth Court Freehold Company Ltd (Registered number: 05260711)

Balance Sheet - continued
31 October 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 April 2025 and were signed on its behalf by:





Ms J J P Botsford - Director


Chatsworth Court Freehold Company Ltd (Registered number: 05260711)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Chatsworth Court Freehold Company Ltd is a private company, limited by guarantee , 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.

Tangible fixed assets
No depreciation has been provided for on tangible fixed assets.

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

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2023
and 31 October 2024 18,214 772 18,986
NET BOOK VALUE
At 31 October 2024 18,214 772 18,986
At 31 October 2023 18,214 772 18,986

In 2006, the company completed the purchase of the freehold of Chatsworth Court. The company then assigned long leases to investors and participants.

Chatsworth Court Freehold Company Ltd (Registered number: 05260711)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 10,929 33,217

6. CURRENT ASSET INVESTMENTS
31.10.24 31.10.23
£    £   
Money market investments 300,000 301,252

During the year the company made three separate investments of £100,000 into Money markets. The maturity dates range from 3 - 9 months and will all mature in the coming financial period.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade creditors 1 1
Corporation tax 3,076 (222 )
Accrued expenses 2,620 2,620
5,697 2,399

Chatsworth Court Freehold Company Ltd (Registered number: 05260711)

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

8. RESERVES
Income
and Unrestricted Restricted
expenditure fund - fund -
account Member Members Totals
£    £    £    £   

At 1 November 2023 415,480 119 74 415,673
Surplus for the year 18,629 18,629
At 31 October 2024 434,109 119 74 434,302

In 2006, the Company purchased the freehold entitlement to the whole of Chatsworth Court. Residents of Chatsworth Court were given the opportunity to invest in the long leasehold interest of their flats. Residents who did this were known as participants.

Flats where residents declined to purchase the long leasehold interest were bought by investors.

Both participants and investors are to guarantee £50 each in the company.

There are now 193 flats in Chatsworth Court. In 2006, 100 flats were owned by participants and 92 were owned by investors. One flat was added in 2015/2016.

Investors' flats do not carry the rights to distributions in the company and these flat owners are classified as restricted members.

Participants' flats do carry the rights to distributions from the company and so these flat owners are classified as unrestricted members.

Since 2006, 19 long leaseholders have successfully become participant members of the Company in line with the memorandum and articles of the Company. The total number of participant members is now 119 and restricted members total 74.

9. STATEMENT OF GUARANTEE

The Company, is limited by guarantee under the provisions of the Companies Act, 2006. Every member of the company undertakes to contribute an amount not to exceed £50 to the Company's assets if it should be called while he/she is a member or within one year after he/she ceases to be a member.