Caseware UK (AP4) 2024.0.164 2024.0.164 2024-06-302024-06-302025-05-13falsefalse2023-07-01No description of principal activity179trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03065560 2023-07-01 2024-06-30 03065560 2022-07-01 2023-06-30 03065560 2024-06-30 03065560 2023-06-30 03065560 c:Director1 2023-07-01 2024-06-30 03065560 c:Director2 2023-07-01 2024-06-30 03065560 c:Director3 2023-07-01 2024-06-30 03065560 c:Director4 2023-07-01 2024-06-30 03065560 d:Buildings 2023-07-01 2024-06-30 03065560 d:Buildings 2024-06-30 03065560 d:Buildings 2023-06-30 03065560 d:Buildings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 03065560 d:LandBuildings 2024-06-30 03065560 d:LandBuildings 2023-06-30 03065560 d:PlantMachinery 2023-07-01 2024-06-30 03065560 d:PlantMachinery 2024-06-30 03065560 d:PlantMachinery 2023-06-30 03065560 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 03065560 d:FurnitureFittings 2023-07-01 2024-06-30 03065560 d:FurnitureFittings 2024-06-30 03065560 d:FurnitureFittings 2023-06-30 03065560 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 03065560 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 03065560 d:Goodwill 2024-06-30 03065560 d:Goodwill 2023-06-30 03065560 d:CurrentFinancialInstruments 2024-06-30 03065560 d:CurrentFinancialInstruments 2023-06-30 03065560 d:Non-currentFinancialInstruments 2024-06-30 03065560 d:Non-currentFinancialInstruments 2023-06-30 03065560 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 03065560 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 03065560 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 03065560 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 03065560 d:ShareCapital 2024-06-30 03065560 d:ShareCapital 2023-06-30 03065560 d:RevaluationReserve 2023-07-01 2024-06-30 03065560 d:RevaluationReserve 2024-06-30 03065560 d:RevaluationReserve 2023-06-30 03065560 d:RetainedEarningsAccumulatedLosses 2024-06-30 03065560 d:RetainedEarningsAccumulatedLosses 2023-06-30 03065560 c:FRS102 2023-07-01 2024-06-30 03065560 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 03065560 c:FullAccounts 2023-07-01 2024-06-30 03065560 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 03065560 d:Subsidiary1 2023-07-01 2024-06-30 03065560 d:Subsidiary1 1 2023-07-01 2024-06-30 03065560 d:Subsidiary2 2023-07-01 2024-06-30 03065560 d:Subsidiary2 1 2023-07-01 2024-06-30 03065560 2 2023-07-01 2024-06-30 03065560 5 2023-07-01 2024-06-30 03065560 6 2023-07-01 2024-06-30 03065560 d:Goodwill d:OwnedIntangibleAssets 2023-07-01 2024-06-30 03065560 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 03065560









CHENISTON LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
CHENISTON LIMITED
REGISTERED NUMBER: 03065560

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
26,250
41,250

Tangible assets
 5 
7,187,793
7,229,793

Investments
 6 
4
4

  
7,214,047
7,271,047

Current assets
  

Debtors: amounts falling due within one year
 7 
8,149,256
2,923,693

Cash at bank and in hand
 8 
117,521
150,599

  
8,266,777
3,074,292

Creditors: amounts falling due within one year
 9 
(6,828,534)
(1,410,352)

Net current assets
  
 
 
1,438,243
 
 
1,663,940

Total assets less current liabilities
  
8,652,290
8,934,987

Creditors: amounts falling due after more than one year
 10 
(4,288,900)
(4,288,900)

Provisions for liabilities
  

Deferred tax
  
(427,851)
(427,851)

  
 
 
(427,851)
 
 
(427,851)

Net assets
  
3,935,539
4,218,236


Capital and reserves
  

Called up share capital 
  
4
4

Revaluation reserve
 11 
2,601,372
2,601,372

Profit and loss account
 11 
1,334,163
1,616,860

  
3,935,539
4,218,236


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.
 
Page 1

 
CHENISTON LIMITED
REGISTERED NUMBER: 03065560
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024


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 on 13 May 2025.





A Lawee
R W Lawee
Director
 
Director
 




M N Lawee
Director




J Lawee
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
CHENISTON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Cheniston Limited is a company limited by shares incorporated in England and Wales within the United Kingdom. The address of the registered office is Midas, 198 West End Lane, London, NW6 1SG.
The company's principal activity is that of the running of a hotel.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

 
2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
CHENISTON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.7

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the Statement of Income and Retained Earnings over its useful economic life.

Page 4

 
CHENISTON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line and reducing balance methods.

Depreciation is provided on the following basis:

Freehold property
-
1%
- 2% straight line
Plant and machinery
-
25%
reducing balance
Fixtures and fittings
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.10

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.11

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 5

 
CHENISTON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.12

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 17 (2023 - 9).


4.


Intangible assets




Goodwill

£



Cost


At 1 July 2023
300,000



At 30 June 2024

300,000



Amortisation


At 1 July 2023
258,750


Charge for the year on owned assets
15,000



At 30 June 2024

273,750



Net book value



At 30 June 2024
26,250



At 30 June 2023
41,250



Page 6

 
CHENISTON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Tangible fixed assets





Freehold property
Plant and machinery
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 July 2023
6,963,431
320,145
827,098
8,110,674


Additions
-
14,377
91,314
105,691



At 30 June 2024

6,963,431
334,522
918,412
8,216,365



Depreciation


At 1 July 2023
168,923
109,561
602,398
880,882


Charge for the year on owned assets
12,446
56,240
79,004
147,690



At 30 June 2024

181,369
165,801
681,402
1,028,572



Net book value



At 30 June 2024
6,782,062
168,721
237,010
7,187,793



At 30 June 2023
6,794,508
210,585
224,700
7,229,793




The net book value of land and buildings may be further analysed as follows:


2024
2023
£
£

Freehold
6,782,062
6,794,507

6,782,062
6,794,507


Page 7

 
CHENISTON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

           5.Tangible fixed assets (continued)

The 2024 valuations were made by the directors, informed by professional guidance, on an open market value for existing use basis. The directors consider that there is no material change in the values of the freehold properties and no formal valuations have therefore been carried out for 2024. The increase in market value that arises as a consequence of the building works on the property is considered to be reasonably approximated by the capitalised cost of those works.
If the freehold properties had been accounted for under the historical cost accounting rules, the property would have been measured as follows:
ole4eae.png

6.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 July 2023
4



At 30 June 2024
4





Subsidiary undertakings


The following were subsidiary undertakings of the Company:

Name

Principal activity

Holding

Chaselodge Limited
Running of hotels
100%
Doveplay Limited
Running of hotels
100%

The aggregate of the share capital and reserves as at 30 June 2024 and the profit or loss for the year ended on that date for the subsidiary undertakings were as follows:

Name
Aggregate of share capital and reserves
Profit/ (Loss)
£
£

Chaselodge Limited
6,725,161
27,555

Doveplay Limited
2,189,175
44,001

Page 8

 
CHENISTON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

7.


Debtors

2024
2023
£
£


Trade debtors
38,495
15,244

Amounts owed by connected companies
6,966,290
2,763,204

Other debtors
1,130,465
115,773

Prepayments and accrued income
14,006
29,472

8,149,256
2,923,693



8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
117,521
150,599

117,521
150,599



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
118,187
414,360

Amounts owed to group undertakings
6,173,408
859,128

Other taxation and social security
90,430
12,331

Other creditors
439,134
106,361

Accruals and deferred income
7,375
18,172

6,828,534
1,410,352


Page 9

 
CHENISTON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

10.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
4,288,900
4,288,900

4,288,900
4,288,900


The bank loan is secured by a legal mortgage over the freehold and personal guarantees by two directors. 


11.


Reserves

Revaluation reserve

ole5e08.png

 
Page 10