CHATOM PROPERTIES (UK) LIMITED

Company Registration Number:
11532354 (England and Wales)

Unaudited abridged accounts for the year ended 31 August 2024

Period of accounts

Start date: 01 September 2023

End date: 31 August 2024

CHATOM PROPERTIES (UK) LIMITED

Contents of the Financial Statements

for the Period Ended 31 August 2024

Balance sheet
Notes

CHATOM PROPERTIES (UK) LIMITED

Balance sheet

As at 31 August 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 3,575 4,066
Investments: 4 8,800,000 8,000,000
Total fixed assets: 8,803,575 8,004,066
Current assets
Debtors: 5 300,775 19,335
Cash at bank and in hand:   193,524
Total current assets: 300,775 212,859
Creditors: amounts falling due within one year: 6 (66,632) (59,855)
Net current assets (liabilities): 234,143 153,004
Total assets less current liabilities: 9,037,718 8,157,070
Creditors: amounts falling due after more than one year: 7 (3,952,039) (3,819,257)
Provision for liabilities: (1,133,900) (933,468)
Total net assets (liabilities): 3,951,779 3,404,345
Capital and reserves
Called up share capital: 10 10
Revaluation reserve:84,532,0223,732,022
Profit and loss account: (580,253) (327,687)
Shareholders funds: 3,951,779 3,404,345

The notes form part of these financial statements

CHATOM PROPERTIES (UK) LIMITED

Balance sheet statements

For the year ending 31 August 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 03 January 2025
and signed on behalf of the board by:

Name: P A Bertram
Status: Director

The notes form part of these financial statements

CHATOM PROPERTIES (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

CHATOM PROPERTIES (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

2. Employees

2024 2023
Average number of employees during the period 1 1

CHATOM PROPERTIES (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

3. Tangible Assets

Total
Cost £
At 01 September 2023 8,992
At 31 August 2024 8,992
Depreciation
At 01 September 2023 4,926
Charge for year 491
At 31 August 2024 5,417
Net book value
At 31 August 2024 3,575
At 31 August 2023 4,066

CHATOM PROPERTIES (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

4. Fixed investments

Valuation At 1 September 2023 8,000,000 Revaluation 800,000 At 31 August 2024 8,800,000 The 2024 valuations were made by the director on an open market value for existing use basis. The historical cost of investment properties as at 31 August 2024 was £4,267,978 (2023: £4,267,978).

CHATOM PROPERTIES (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

5. Debtors

2024 2023
££
Debtors due after more than one year: 0 0

CHATOM PROPERTIES (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

6. Creditors: amounts falling due within one year note

Creditors: amounts falling due within one year 2024 2023 Overdrafts 16,124 - Corporation tax payable 9,461 18,186 VAT payable 24,009 15,839 Loan - Chatom Holdings Limited - 2,052 Rental deposits 12,396 10, 271 Other creditors and accruals 3,791 7,062 Deferred income 851 6,445 66,632 59,855

CHATOM PROPERTIES (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

7. Creditors: amounts falling due after more than one year note

2024 2023 £ £ Bank loans 3,952,039 3,819,257 Bank Loans of £3,952,039 (2023 £3,819,257) are secured on investment properties valued at £8,880,000 by fixed and floating charges.

CHATOM PROPERTIES (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

8. Revaluation reserve

2024
£
Balance at 01 September 2023 3,732,022
Surplus or deficit after revaluation 800,000
Balance at 31 August 2024 4,532,022

CHATOM PROPERTIES (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

9. Loans to directors

The loan receivable due from the Director is unsecured, interest free and repayable on demand. At 31 August 2024, the director owed the company £240,802 (2023: £Nil)

CHATOM PROPERTIES (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

10. Related party transactions

Name of the related party: Chatom Holdings Limited
Relationship:
a company under common directorship
Description of the Transaction: Chatom Holdings Limited, a company under common directorship, owed the company £12,585 at 31 August 2024 (2023: £2,052 due from the company).
£
Balance at 01 September 2023 2,052
Balance at 31 August 2024 12,585