Registered number
SC706894
CHL HOMES LTD
Filleted Accounts
31 August 2024
Yousaf & Co. Ltd
Chartered Certified Accountants
Registered Auditors
298-300 Maxwell Road
Glasgow
G41 1PJ
Ref: C223/HM
CHL HOMES LTD
Registered number: SC706894
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 186,798 187,035
Current assets
Debtors 4 1,450 -
Cash at bank and in hand 2,537 3,640
3,987 3,640
Creditors: amounts falling due within one year 5 (2,366) (721)
Net current assets 1,621 2,919
Total assets less current liabilities 188,419 189,954
Creditors: amounts falling due after more than one year 6 (204,602) (201,912)
Net assets/(liabilities) (16,183) (11,958)
Capital and reserves
Called up share capital 100 100
Profit and loss account (16,283) (12,058)
Shareholders' funds (16,183) (11,958)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Pardeep Singh Chahal
Director
Approved by the board on 24 March 2025
CHL HOMES LTD
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
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).
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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
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:
Fixtures, fittings, tools and equipment 10% Reducing balance method
Creditors
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 September 2023 184,663 2,929 187,592
At 31 August 2024 184,663 2,929 187,592
Depreciation
At 1 September 2023 - 557 557
Charge for the year - 237 237
At 31 August 2024 - 794 794
Net book value
At 31 August 2024 184,663 2,135 186,798
At 31 August 2023 184,663 2,372 187,035
4 Debtors 2024 2023
£ £
Deposit Scotland 1,450 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Rent deposit 1,450 -
Other creditors 916 721
2,366 721
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 153,728 133,251
Director's loan account 50,874 68,661
204,602 201,912
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