| 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 |