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Registered number: 12333715










CHASESTEAD HOLDINGS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2024

 
CHASESTEAD HOLDINGS LIMITED
REGISTERED NUMBER: 12333715

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
2024
2023
2023
Note
£
£
£
£

Fixed assets
  

Investments
 4 
7,035,010
7,035,010

Current assets
  

Debtors: amounts falling due within one year
 5 
2,160,186
1,150,726

Cash at bank and in hand
 6 
162,127
243,980

  
2,322,313
1,394,706

Creditors: amounts falling due within one year
 7 
(2,672)
(2,640)

Net current assets
  
 
 
2,319,641
 
 
1,392,066

Total assets less current liabilities
  
9,354,651
8,427,076

  

Net assets
  
9,354,651
8,427,076


Capital and reserves
  

Called up share capital 
  
538,462
538,462

Profit and loss account
  
8,816,189
7,888,614

  
9,354,651
8,427,076


Page 1

 
CHASESTEAD HOLDINGS LIMITED
REGISTERED NUMBER: 12333715
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2024

The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
Robin Moore
Director

Date: 1 May 2025

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
CHASESTEAD HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

Chasestead Holdings Limited is a private limited company, incorporated in England and Wales.
The registered office and principal place of business is Icknield Way, Letchworth Garden City, Hertfordshire, SG6 1JX.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The Directors have looked forward 12 months and have concluded that the Company should be able
to operate within its current cash resources for the foreseeable future and therefore believe it is
appropriate to prepare these financial statements on a going concern basis.

 
2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of
financial assets and liabilities like trade and other debtors and creditors, loans from banks and other
third parties, loans to related parties and investments in ordinary shares.

Page 3

 
CHASESTEAD HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees




The average monthly number of employees, including directors, during the year was 4 (2023 - 2).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 September 2023
7,035,010



At 31 August 2024
7,035,010





5.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
2,160,023
1,150,726

Other debtors
163
-

2,160,186
1,150,726



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
162,127
243,980


Page 4

 
CHASESTEAD HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Accruals and deferred income
2,672
2,640



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



215,385 (2023 - 538,462) A Ordinary shares of £1.00 each
215,385
538,462
215,385 (2023 - ) B Ordinary shares of £1.00 each
215,385
-
53,846 (2023 - ) C Ordinary shares of £1.00 each
53,846
-
53,846 (2023 - ) D Ordinary shares of £1.00 each
53,846
-

538,462

538,462



9.


Related party transactions

At 31 August 2024 £2,160,023 (2023 - £1,150,726) was owed from Chasestead Group Limited. The loan is interest free and repayable on demand. Dividends of £1,000,000 (2023 - £1,100,000) were received from Chasestead Group Limited during the year.

 
Page 5