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REGISTERED NUMBER: 02871178 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30 November 2024

for

Chadwick Park Limited

Chadwick Park Limited (Registered number: 02871178)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Chadwick Park Limited

Company Information
for the Year Ended 30 November 2024







DIRECTORS: Dr N Chadwick
R A Chadwick





SECRETARY: Dr N Chadwick





REGISTERED OFFICE: Highcombe
Hurtis Hill
Crowborough
East Sussex
TN6 3BL





REGISTERED NUMBER: 02871178 (England and Wales)





ACCOUNTANTS: Ward Mackenzie Ltd
Thatcher House
12 Mount Ephraim
Tunbridge Wells
Kent
TN4 8AS

Chadwick Park Limited (Registered number: 02871178)

Balance Sheet
30 November 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 9,109 11,974

CURRENT ASSETS
Stocks 5 273,105 292,833
Debtors 6 3,242 4,167
Cash at bank and in hand 22,660 31,186
299,007 328,186
CREDITORS
Amounts falling due within one year 7 (179,168 ) (223,143 )
NET CURRENT ASSETS 119,839 105,043
TOTAL ASSETS LESS CURRENT
LIABILITIES

128,948

117,017

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 8 128,945 117,014
SHAREHOLDERS' FUNDS 128,948 117,017

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Chadwick Park Limited (Registered number: 02871178)

Balance Sheet - continued
30 November 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 28 February 2025 and were signed on its behalf by:





Dr N Chadwick - Director


Chadwick Park Limited (Registered number: 02871178)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Chadwick Park Limited is a private company, limited by shares, 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.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance, 20% on reducing balance and 10% on reducing balance
Motor vehicles - 25% on reducing balance

Plant & Machinery - 25% on reducing balance

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

DEFERRED TAX
Deferred tax is not recognised in respect of all timing differences that have originated but not reversed at the balance sheet date as this is considered immaterial.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

Chadwick Park Limited (Registered number: 02871178)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 December 2023 18,500 5,732 3,900 28,132
Additions - 174 - 174
Disposals - (2,333 ) - (2,333 )
At 30 November 2024 18,500 3,573 3,900 25,973
DEPRECIATION
At 1 December 2023 7,516 5,277 3,365 16,158
Charge for year 2,746 122 134 3,002
Eliminated on disposal - (2,296 ) - (2,296 )
At 30 November 2024 10,262 3,103 3,499 16,864
NET BOOK VALUE
At 30 November 2024 8,238 470 401 9,109
At 30 November 2023 10,984 455 535 11,974

5. STOCKS
2024 2023
£    £   
Work in process 273,105 292,833

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
VAT 1,791 3,042
Prepayments 1,451 1,125
3,242 4,167

The directors consider the carrying value of trade and other receivables approximate to their fair values.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 5,925 3,567
Corporation tax 13,934 12,575
Social security and other tax 182 846
Directors' current accounts 158,219 205,312
Accrued expenses 908 843
179,168 223,143

Chadwick Park Limited (Registered number: 02871178)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

The directors consider the carrying amounts of current liabilities approximate to their fair values.

8. RESERVES
Retained
earnings
£   

At 1 December 2023 117,014
Profit for the year 49,931
Dividends (38,000 )
At 30 November 2024 128,945

The Profit and loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2024 and 30 November 2023:

2024 2023
£    £   
Dr N Chadwick
Balance outstanding at start of year (3,460 ) (10,991 )
Amounts advanced - 10,000
Amounts repaid (2,140 ) (2,469 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (5,600 ) (3,460 )

R A Chadwick
Balance outstanding at start of year (201,852 ) (215,852 )
Amounts advanced 120,233 50,000
Amounts repaid (71,000 ) (36,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (152,619 ) (201,852 )