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Registered number: 06686200
CHELSTON PROPERTIES LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 30 SEPTEMBER 2024
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CHELSTON PROPERTIES LIMITED
REGISTERED NUMBER: 06686200
BALANCE SHEET
AS AT 30 SEPTEMBER 2024
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Debtors: amounts falling due after more than one year
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Creditors: amounts falling due within one year
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TOTAL ASSETS LESS CURRENT LIABILITIES
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Creditors: amounts falling due after more than one year
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CHELSTON PROPERTIES LIMITED
REGISTERED NUMBER: 06686200
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 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 profit and loss account 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 by:
The notes on pages 3 to 5 form part of these financial statements.
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CHELSTON PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
The company is a private company, limited by shares, incorporated in England & Wales and its registered office is:
The Sycamores
Creswell Road
Hartlepool
TS26 0EG
2.ACCOUNTING POLICIES
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Basis of preparation of financial statements
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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:
The company has made a proft in the year but still has a deficit balance sheet. The directors consider the value of the remaining properties reflects current market value and is the minimum that might be achieved on sale. It has sufficient net current assets to enable it to continue to trade but it is dependent on the continued support of its funders, who have agreed to continue to support the company for the foreseeable future. The directors have therefore prepared the financial statements on a going concern basis.
Turnover represents amounts receivable in respect of rents due to the company.
Investment property is carried at fair value. No depreciation is provided.
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The average monthly number of employees, including directors, during the year was 2 (2023 - 2).
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CHELSTON PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
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Freehold investment property
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The 2024 valuations were made by the directors, on an open market value for existing use basis.
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Due after more than one year
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CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
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Accruals and deferred income
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CHELSTON PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
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CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
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RELATED PARTY TRANSACTIONS
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At 30 September 2024 the company was owed £132,815 (1st October 2023 £141,765) from a company in which a director has an interest.
At 30 September 2024, included in other creditors was an amount owed to a director of £301,598 (1st October 2023 £301,850)
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