Registered number
14520222
Chace Property's Ltd
Filleted Accounts
31 December 2024
Goldsmith BALL
a c c o u n t a n t s
Harwell Innovation Centre, 173 Curie Avenue, Harwell Science and Innovation Campus,
Didcot, Oxfordshire OX11 0QG
Chace Property's Ltd
Registered number: 14520222
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 224,540 -
Current assets
Cash at bank and in hand 1,849 100
Creditors: amounts falling due within one year 4 (7,304) -
Net current (liabilities)/assets (5,455) 100
Total assets less current liabilities 219,085 100
Creditors: amounts falling due after more than one year 5 (230,290) -
Net (liabilities)/assets (11,205) 100
Capital and reserves
Called up share capital 100 100
Profit and loss account (11,305) -
Shareholder's funds (11,205) 100
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A. Morgan
Director
Approved by the board on 10 July 2025
Chace Property's Ltd
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings Not deprecated
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
The current loss will be a carried forward to be set against future income. As this is uncertain, an asset for deferred tax has not been recognised.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 0
3 Tangible fixed assets
Land and buildings
£
Cost
Additions 224,540
At 31 December 2024 224,540
Depreciation
At 31 December 2024 -
Net book value
At 31 December 2024 224,540
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 6,924 -
Trade creditors 380 -
7,304 -
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 128,391 -
Amounts owed to undertakings in which the director has a participating interest 101,899 -
230,290 -
6 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 135,315 -
The bank loan is secured by a charge on the residential property.
7 Related party transactions
A loan has been made to the company by a company also controlled by the Director. There is no provision for it's repayment and the Director has confirmed that no repayments will be made whilst the liabilities of the company exceed the assets.
8 Other information
Chace Property's Ltd is a private company limited by shares and incorporated in England. Its registered office is:
11 Heron Way
Aldermaston
Reading
Berks
RG7 4UU
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