Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-302023-10-01falseNo description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05079425 2023-10-01 2024-09-30 05079425 2022-10-01 2023-09-30 05079425 2024-09-30 05079425 2023-09-30 05079425 c:Director1 2023-10-01 2024-09-30 05079425 d:PlantMachinery 2023-10-01 2024-09-30 05079425 d:PlantMachinery 2024-09-30 05079425 d:PlantMachinery 2023-09-30 05079425 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 05079425 d:MotorVehicles 2023-10-01 2024-09-30 05079425 d:MotorVehicles 2024-09-30 05079425 d:MotorVehicles 2023-09-30 05079425 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 05079425 d:OfficeEquipment 2023-10-01 2024-09-30 05079425 d:OfficeEquipment 2024-09-30 05079425 d:OfficeEquipment 2023-09-30 05079425 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 05079425 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 05079425 d:CurrentFinancialInstruments 2024-09-30 05079425 d:CurrentFinancialInstruments 2023-09-30 05079425 d:Non-currentFinancialInstruments 2024-09-30 05079425 d:Non-currentFinancialInstruments 2023-09-30 05079425 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 05079425 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 05079425 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 05079425 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 05079425 d:ShareCapital 2024-09-30 05079425 d:ShareCapital 2023-09-30 05079425 d:RetainedEarningsAccumulatedLosses 2024-09-30 05079425 d:RetainedEarningsAccumulatedLosses 2023-09-30 05079425 c:FRS102 2023-10-01 2024-09-30 05079425 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 05079425 c:FullAccounts 2023-10-01 2024-09-30 05079425 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 05079425 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure
Registered Number:05079425













CHAPEL NEW HOMES LTD




UNAUDITED

FINANCIAL STATEMENTS
 
PAGES FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024











 
CHAPEL NEW HOMES LTD
 


CONTENTS



Page
Balance Sheet
1 - 2
Notes to the Financial Statements
3 - 8



 
CHAPEL NEW HOMES LTD
REGISTERED NUMBER:05079425


BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
9,123
21,480

  
9,123
21,480

Current assets
  

Stocks
 5 
295,832
182,600

Debtors: amounts falling due after more than one year
 6 
190,879
-

Debtors: amounts falling due within one year
 6 
147,373
516,695

Cash at bank and in hand
  
1,434
41,179

  
635,518
740,474

Creditors: amounts falling due within one year
 7 
(654,063)
(750,493)

Net current liabilities
  
 
 
(18,545)
 
 
(10,019)

Total assets less current liabilities
  
(9,422)
11,461

Creditors: amounts falling due after more than one year
 8 
(179,618)
(124,117)

  

Net liabilities
  
(189,040)
(112,656)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(189,041)
(112,657)

  
(189,040)
(112,656)



- 1 -



 
CHAPEL NEW HOMES LTD
REGISTERED NUMBER:05079425

    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024

The director considers 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 director acknowledges his 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 on 26 June 2025.




Mr G J Sallows
Director

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


- 2 -



 
CHAPEL NEW HOMES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Chapel New Homes Ltd (the "Company") is a private limited company by shares and incorporated and domiciled in England. The address of the registered office is 820 The Crescent, Colchester Business Park, Colchester, Essex CO4 9YQ.

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 director is satisfied that the company has adequate resources to continue in operational existence for the foreseeable future and for a period of at least 12 months from the date of approving these financial statements, and is providing financial support via Chapel Developments (East Anglia) Limited. For this reason the director has adopted a going concern basis in preparing the accounts. 

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.


- 3 -



 
CHAPEL NEW HOMES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.4

Taxation

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 method.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
straight line
Motor vehicles
-
25%
straight line
Office equipment
-
25%
straight line

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.


- 4 -



 
CHAPEL NEW HOMES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.6

Work in progress

Work in progress is valued on the basis of direct costs plus attributable overheads based on the normal level of activity. Provision of made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress. Interest suffered on discrete loans used to fund work in progress is included as part of that work in progress.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assest and liabilities like trade and other debtors and creditors, loans from bank and other third parties, loans to related parties and investments in ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in Profit and Loss Account.
For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


- 5 -



 
CHAPEL NEW HOMES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 October 2023
3,901
46,866
4,610
55,377


Additions
465
-
-
465



At 30 September 2024

4,366
46,866
4,610
55,842



Depreciation


At 1 October 2023
3,369
27,333
3,195
33,897


Charge for the year on owned assets
620
11,716
486
12,822



At 30 September 2024

3,989
39,049
3,681
46,719



Net book value



At 30 September 2024
377
7,817
929
9,123



At 30 September 2023
532
19,533
1,415
21,480


- 6 -



 
CHAPEL NEW HOMES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Stocks

2024
2023
£
£

Work in progress
295,832
182,600



6.


Debtors

2024
2023
£
£

Due after more than one year

Other debtors
190,879
-


2024
2023
£
£

Due within one year

Trade debtors
141,213
117,802

Other debtors
6,160
264,404

Prepayments and accrued income
-
134,489

147,373
516,695



- 7 -



 
CHAPEL NEW HOMES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
5,179
10,783

Trade creditors
10,643
171,866

Corporation tax
94
94

Other taxation and social security
714
26,017

Obligations under finance lease and hire purchase contracts
22,184
5,398

Other creditors
615,249
536,335

654,063
750,493


Secured creditors
The bank loans and hire purchase obligations are secured by the company.
Included within other creditors is an amount secured over land held in work in progress.


8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
22,602
21,953

Net obligations under finance leases and hire purchase contracts
-
22,164

Other creditors
157,016
80,000

179,618
124,117


Secured creditors
The bank loans and hire purchase obligations are secured by the company.
Included within other creditors is an amount secured over land held in work in progress.


9.


Related party transactions

At the year end Mr G J Sallows was owed £107,563 by the company (2023: owed the company £1,591).

 

- 8 -