Acorah Software Products - Accounts Production 16.4.675 false true true 31 August 2023 11 August 2022 false 1 September 2023 31 August 2024 31 August 2024 14290071 Mrs M F Kumar Mr R Kumar iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14290071 2023-08-31 14290071 2024-08-31 14290071 2023-09-01 2024-08-31 14290071 frs-core:CurrentFinancialInstruments 2024-08-31 14290071 frs-core:ShareCapital 2024-08-31 14290071 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 14290071 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 14290071 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 14290071 frs-bus:SmallEntities 2023-09-01 2024-08-31 14290071 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 14290071 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 14290071 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-08-31 14290071 frs-bus:Director1 2023-09-01 2024-08-31 14290071 frs-bus:Director2 2023-09-01 2024-08-31 14290071 frs-countries:EnglandWales 2023-09-01 2024-08-31 14290071 2022-08-10 14290071 2023-08-31 14290071 2022-08-11 2023-08-31 14290071 frs-core:CurrentFinancialInstruments 2023-08-31 14290071 frs-core:ShareCapital 2023-08-31 14290071 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 14290071 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-08-31
Registered number: 14290071
Chanlon Property Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Goldwyns London LLP
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—3
Page 1
Statement of Financial Position
Registered number: 14290071
31 August 2024 31 August 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 700,000 671,000
700,000 671,000
CURRENT ASSETS
Debtors 5 82,626 102,166
Cash at bank and in hand 246,239 480
328,865 102,646
Creditors: Amounts Falling Due Within One Year 6 (1,143,073 ) (979,623 )
NET CURRENT ASSETS (LIABILITIES) (814,208 ) (876,977 )
TOTAL ASSETS LESS CURRENT LIABILITIES (114,208 ) (205,977 )
NET LIABILITIES (114,208 ) (205,977 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Fair value reserve 8 29,000 -
Income Statement (143,308 ) (206,077 )
SHAREHOLDERS' FUNDS (114,208) (205,977)
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr R Kumar
Director
16/06/2025
The notes on pages 2 to 3 form part of these financial statements.
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Page 2
Notes to the Financial Statements
1. General Information
Chanlon Property Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14290071 . The registered office is 22-25 Portman Close, Room S3, London, England, W1H 6BS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements are prepared in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The financial statements are prepared in UK sterling, which is the financial currency of the entity. Monetary amounts in these financial statements are rounded to the nearest UK pound.
The principle accounting policies adopted are set below.
2.2. Going Concern Disclosure
The directors have considered the prospect of the business for the next twelve months and beyond and has arrived at a reasonable expectation the company will continue to meet its obligations as they fall due. The directors have also pledged his financial support to assist with this if required. On this basis, the director will continue to adopt the going concern basis of accounting in preparing the financial statements.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the income statement.
2.5. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.
2.6. Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
2.7. Financial Instrument
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares. 
2.8. Critical Accounting Judgements And Key Sources of Estimation Uncertainty
In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily ascertainable from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual outcomes may differ from these estimates.
The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting estimates are recognised in the period in which the estimates are revised.
The key areas of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:
Accrued Expenditure
The company includes a provision for invoices which are yet to be received from and amounts paid in advance to suppliers. These provisions are estimated based upon the expected values of the invoices which are issued and services received following the period end.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 1)
2 1
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4. Investment Property
31 August 2024
£
Fair Value
As at 1 September 2023 671,000
Revaluations 29,000
As at 31 August 2024 700,000
5. Debtors
31 August 2024 31 August 2023
£ £
Due within one year
Trade debtors 65,936 102,166
Other debtors 16,690 -
82,626 102,166
6. Creditors: Amounts Falling Due Within One Year
31 August 2024 31 August 2023
£ £
Trade creditors 207,073 22,503
Amounts owed to group undertakings 684,900 695,345
Other creditors 251,100 250,000
Taxation and social security - 11,775
1,143,073 979,623
7. Share Capital
31 August 2024 31 August 2023
£ £
Allotted, Called up and fully paid 100 100
The nominal value of each share is £1 and as at the year-end, there are 100 Ordinary shares in issue
8. Reserves
Fair Value Reserve
£
Movements in fair value reserve 29,000
As at 31 August 2024 29,000
9. Related Party Transactions
The amount owed to Chiltern Estates Limited, a company related via common control and directorship, totalled £684,900 as at the year-end, which is a current liability, interest free and repayable on demand.
Chanlon Property Limited received a loan of £250,000 from Selcap Group Limited, a company jointly controlled by a director and shareholder, who also jointly controls Chanlon Property Limited through their 50% ownership of its parent.  The loan is interest free, repayable on demand and no guarantee has been provided in respect of this loan.
Repair services from Cato Service Limited
The company was invoiced £90,000 (2023: £90,000) for repair and maintenance services by Cato Services Limited, a business under the common control of the director. These charges were not supported by a formal agreement or third-party quotations and are not considered to be on normal commercial terms. The full amount remained outstanding at the year-end, and no interest is charged on the balance.
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