Caseware UK (AP4) 2024.0.164 2024.0.164 2024-06-302024-06-302025-05-13falsetruefalse2023-07-01No description of principal activity2320falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03585886 2023-07-01 2024-06-30 03585886 2022-07-01 2023-06-30 03585886 2024-06-30 03585886 2023-06-30 03585886 c:Director1 2023-07-01 2024-06-30 03585886 c:Director2 2023-07-01 2024-06-30 03585886 c:Director3 2023-07-01 2024-06-30 03585886 c:Director4 2023-07-01 2024-06-30 03585886 d:Buildings 2023-07-01 2024-06-30 03585886 d:Buildings 2024-06-30 03585886 d:Buildings 2023-06-30 03585886 d:Buildings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 03585886 d:LandBuildings 2024-06-30 03585886 d:LandBuildings 2023-06-30 03585886 d:FurnitureFittings 2023-07-01 2024-06-30 03585886 d:FurnitureFittings 2024-06-30 03585886 d:FurnitureFittings 2023-06-30 03585886 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 03585886 d:OfficeEquipment 2023-07-01 2024-06-30 03585886 d:OfficeEquipment 2024-06-30 03585886 d:OfficeEquipment 2023-06-30 03585886 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 03585886 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 03585886 d:CurrentFinancialInstruments 2024-06-30 03585886 d:CurrentFinancialInstruments 2023-06-30 03585886 d:Non-currentFinancialInstruments 2024-06-30 03585886 d:Non-currentFinancialInstruments 2023-06-30 03585886 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 03585886 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 03585886 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 03585886 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 03585886 d:ShareCapital 2024-06-30 03585886 d:ShareCapital 2023-06-30 03585886 d:RevaluationReserve 2024-06-30 03585886 d:RevaluationReserve 2023-06-30 03585886 d:RetainedEarningsAccumulatedLosses 2024-06-30 03585886 d:RetainedEarningsAccumulatedLosses 2023-06-30 03585886 c:FRS102 2023-07-01 2024-06-30 03585886 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 03585886 c:FullAccounts 2023-07-01 2024-06-30 03585886 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 03585886 5 2023-07-01 2024-06-30 03585886 d:AcceleratedTaxDepreciationDeferredTax 2024-06-30 03585886 d:AcceleratedTaxDepreciationDeferredTax 2023-06-30 03585886 d:OtherDeferredTax 2024-06-30 03585886 d:OtherDeferredTax 2023-06-30 03585886 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 03585886









CHASELODGE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
CHASELODGE LIMITED
REGISTERED NUMBER: 03585886

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
5,502,203
5,549,134

  
5,502,203
5,549,134

Current assets
  

Debtors: amounts falling due within one year
 5 
6,862,801
1,881,327

Cash at bank and in hand
 6 
210,547
-

  
7,073,348
1,881,327

Creditors: amounts falling due within one year
 7 
(615,359)
(314,487)

Net current assets
  
 
 
6,457,989
 
 
1,566,840

Total assets less current liabilities
  
11,960,192
7,115,974

Creditors: amounts falling due after more than one year
 8 
(4,812,500)
-

Provisions for liabilities
  

Deferred tax
 9 
(422,531)
(418,368)

  
 
 
(422,531)
 
 
(418,368)

Net assets
  
6,725,161
6,697,606


Capital and reserves
  

Called up share capital 
  
2
2

Revaluation reserve
  
2,493,292
2,493,292

Profit and loss account
  
4,231,867
4,204,312

  
6,725,161
6,697,606


Page 1

 
CHASELODGE LIMITED
REGISTERED NUMBER: 03585886
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 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 on 13 May 2025.




A Lawee
J Lawee
Director
Date:
Director
Date:



M N Lawee
Director



R W Lawee
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

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

1.


General information

Chaselodge Limited is a company limited by shares incorporated in England and Wales within the United Kingdom. The address of the registered office is 9 Russell Road, London, W14 8JA.
The company's principal activity is that of the running of hotels.
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.
Turnover arises from hotel occupancy charges and related services. It is recognised at the date of check-in in respect of prepaid reservations, and check-out in the case of indeterminate reservations and extra charges, such that it is possible to measure the turnover reliably.

 
2.3

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.

Page 3

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

2.Accounting policies (continued)

 
2.4

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.


 
2.5

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
-
2%
straight line
Fixtures and fittings
-
25%
reducing balance
Office equipment
-
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.

Page 4

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

2.Accounting policies (continued)

 
2.6

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.

 
2.7

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 23 (2023 - 20).

Page 5

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

4.


Tangible fixed assets





Freehold property
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 July 2023
5,586,050
587,302
781
6,174,133


Additions
-
25,800
836
26,636



At 30 June 2024

5,586,050
613,102
1,617
6,200,769



Depreciation


At 1 July 2023
203,025
421,779
195
624,999


Charge for the year on owned assets
25,381
47,831
355
73,567



At 30 June 2024

228,406
469,610
550
698,566



Net book value



At 30 June 2024
5,357,644
143,492
1,067
5,502,203



At 30 June 2023
5,383,025
165,523
586
5,549,134




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


2024
2023
£
£

Freehold
5,357,644
5,383,025

5,357,644
5,383,025


The 2024 valuations were made by the directors, informed by professional guidance, on an open market value for existing use basis.  
If the freehold properties had been accounted for under the historical cost accounting rules, the property would have been measured as follows:
                                                                                                      ole7905.png
Page 6

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

5.


Debtors

2024
2023
£
£


Trade debtors
3,890
83,661

Amounts owed by group undertakings
5,289,745
252,655

Amounts owed by connected companies
1,506,903
1,506,903

Prepayments and accrued income
62,263
38,108

6,862,801
1,881,327



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
210,547
-

210,547
-



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
26,822
40,537

Other taxation and social security
134,245
169,081

Other creditors
446,042
89,870

Accruals and deferred income
8,250
14,999

615,359
314,487



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
4,812,500
-

4,812,500
-


Page 7

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

9.


Deferred taxation




2024


£






At beginning of year
(418,368)


Charged to profit or loss
(4,163)



At end of year
(422,531)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(30,569)
(26,406)

Deferred tax on revaluation of freehold properties
(391,962)
(391,962)

(422,531)
(418,368)


10.


Revaluation reserve

 ole7d4c.png


11.


Controlling party

The ultimate holding company is Cheniston Limited, a company incorporated in the United Kingdom.

 
Page 8