Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-302023-10-012falseInvestment Property2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06686200 2023-10-01 2024-09-30 06686200 2022-10-01 2023-09-30 06686200 2024-09-30 06686200 2023-09-30 06686200 c:Director3 2023-10-01 2024-09-30 06686200 d:FreeholdInvestmentProperty 2024-09-30 06686200 d:FreeholdInvestmentProperty 2023-09-30 06686200 d:CurrentFinancialInstruments 2024-09-30 06686200 d:CurrentFinancialInstruments 2023-09-30 06686200 d:Non-currentFinancialInstruments 2024-09-30 06686200 d:Non-currentFinancialInstruments 2023-09-30 06686200 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 06686200 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 06686200 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 06686200 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 06686200 d:ShareCapital 2024-09-30 06686200 d:ShareCapital 2023-09-30 06686200 d:RetainedEarningsAccumulatedLosses 2024-09-30 06686200 d:RetainedEarningsAccumulatedLosses 2023-09-30 06686200 c:FRS102 2023-10-01 2024-09-30 06686200 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 06686200 c:FullAccounts 2023-10-01 2024-09-30 06686200 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 06686200 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Registered number: 06686200










CHELSTON PROPERTIES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
CHELSTON PROPERTIES LIMITED
REGISTERED NUMBER: 06686200

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
£
£

FIXED ASSETS

Investment property
118,059
118,059

CURRENT ASSETS

Debtors: amounts falling due after more than one year
132,815
141,765

Cash at bank and in hand
3,070
897

135,885
142,662

Creditors: amounts falling due within one year
(17,344)
(18,943)

NET CURRENT ASSETS
 
 
118,541
 
 
123,719

TOTAL ASSETS LESS CURRENT LIABILITIES
236,600
241,778

Creditors: amounts falling due after more than one year
(307,417)
(315,512)


NET LIABILITIES
(70,817)
(73,734)


CAPITAL AND RESERVES

Called up share capital 
100
100

Profit and loss account
(70,917)
(73,834)

(70,817)
(73,734)


Page 1

 
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: 




Mr R D Ord
Director

Date: 12 June 2025

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
CHELSTON PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


GENERAL INFORMATION

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

 
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

Going concern

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. 

 
2.3

Revenue

Turnover represents amounts receivable in respect of rents due to the company.

 
2.4

Investment property

Investment property is carried at fair value. No depreciation is provided. 


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 3

 
CHELSTON PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


INVESTMENT PROPERTY


Freehold investment property

£



Valuation


At 1 October 2023
118,059



At 30 September 2024
118,059

The 2024 valuations were made by the directors, on an open market value for existing use basis.





5.


DEBTORS

2024
2023
£
£

Due after more than one year

Other debtors
132,815
141,765

132,815
141,765



6.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Bank loans
10,477
10,904

Trade creditors
1,381
2,309

Corporation tax
746
785

Other creditors
3,000
3,000

Accruals and deferred income
1,740
1,945

17,344
18,943


Page 4

 
CHELSTON PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024
2023
£
£

Other loans
8,819
16,662

Other creditors
298,598
298,850

307,417
315,512



8.


RELATED PARTY TRANSACTIONS

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)

 
Page 5