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REGISTERED NUMBER: 05458539 (England and Wales)














REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

CHARD PROPERTIES (UK) LIMITED

CHARD PROPERTIES (UK) LIMITED (REGISTERED NUMBER: 05458539)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 May 2024




Page

Company Information 1

Report of the Directors 2

Balance Sheet 3

Notes to the Financial Statements 5


CHARD PROPERTIES (UK) LIMITED

COMPANY INFORMATION
For The Year Ended 31 May 2024







DIRECTORS: A S Chard
Mrs N K Chard





SECRETARY: B Chard





REGISTERED OFFICE: 58-78 High Street
Southall
Middlesex
UB1 5DB





REGISTERED NUMBER: 05458539 (England and Wales)





ACCOUNTANTS: Dawn & Co
35A High Street
Ruislip
Middlesex
HA4 7AU

CHARD PROPERTIES (UK) LIMITED (REGISTERED NUMBER: 05458539)

REPORT OF THE DIRECTORS
For The Year Ended 31 May 2024

The directors present their report with the financial statements of the company for the year ended 31 May 2024.

PRINCIPAL ACTIVITIES
The principal activities of the company in the year under review were those of Furniture Retailer and Property Investment.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 June 2023 to the date of this report.

A S Chard
Mrs N K Chard

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





A S Chard - Director


22 April 2025

CHARD PROPERTIES (UK) LIMITED (REGISTERED NUMBER: 05458539)

BALANCE SHEET
31 May 2024

31.5.24 31.5.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 4,370,300 4,377,532
4,370,300 4,377,532

CURRENT ASSETS
Stocks 250,000 426,500
Debtors 6 566,497 567,572
Cash at bank and in hand 27,912 171,409
844,409 1,165,481
CREDITORS
Amounts falling due within one year 7 317,707 219,319
NET CURRENT ASSETS 526,702 946,162
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,897,002

5,323,694

CREDITORS
Amounts falling due after more than one
year

8

(1,072,929

)

(1,155,006

)

PROVISIONS FOR LIABILITIES (581,797 ) (581,797 )
NET ASSETS 3,242,276 3,586,891

CAPITAL AND RESERVES
Called up share capital 2,680 2,680
Retained earnings 10 3,239,596 3,584,211
SHAREHOLDERS' FUNDS 3,242,276 3,586,891

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

CHARD PROPERTIES (UK) LIMITED (REGISTERED NUMBER: 05458539)

BALANCE SHEET - continued
31 May 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 April 2025 and were signed on its behalf by:





A S Chard - Director


CHARD PROPERTIES (UK) LIMITED (REGISTERED NUMBER: 05458539)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 May 2024

1. STATUTORY INFORMATION

Chard Properties (UK) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Going Concern
These accounts have been prepared on the going concern basis, on the assumption that the banks, creditors, directors and shareholders will continue to financially support the company.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - in accordance with the property
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

CHARD PROPERTIES (UK) LIMITED (REGISTERED NUMBER: 05458539)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 May 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 160,000
AMORTISATION
At 1 June 2023
and 31 May 2024 160,000
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2023
and 31 May 2024 4,527,066 75,132 65,360 2,910 4,670,468
DEPRECIATION
At 1 June 2023 185,691 67,416 36,919 2,910 292,936
Charge for year - 1,544 5,688 - 7,232
At 31 May 2024 185,691 68,960 42,607 2,910 300,168
NET BOOK VALUE
At 31 May 2024 4,341,375 6,172 22,753 - 4,370,300
At 31 May 2023 4,341,375 7,716 28,441 - 4,377,532

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 9,350 9,350
Other debtors 557,147 558,222
566,497 567,572

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 133,066 -
Hire purchase contracts 6,677 6,677
Trade creditors 80,890 173,891
Taxation and social security 19,104 20,771
Other creditors 77,970 17,980
317,707 219,319

CHARD PROPERTIES (UK) LIMITED (REGISTERED NUMBER: 05458539)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 May 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans 1,057,963 1,133,363
Hire purchase contracts 14,966 21,643
1,072,929 1,155,006

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 945,163 1,069,163

9. SECURED DEBTS

The following secured debts are included within creditors:

31.5.24 31.5.23
£    £   
Bank loans 1,191,029 1,133,363

The loan is secured on the properties of the company.

10. RESERVES
Retained
earnings
£   

At 1 June 2023 3,584,211
Deficit for the year (344,615 )
At 31 May 2024 3,239,596

11. RELATED PARTY DISCLOSURES

Other debtors includes loan of £250,000 to Mr A S Chard at arm's length basis.

12. ULTIMATE CONTROLLING PARTY

The directors, together with family members, control the company by virtue of a controlling interest of 100% (directly or indirectly) of the issued ordinary share capital.