Chill Pepper Ltd
Registered number: 12579358
Statement of Financial Position
as at 30 April 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 4 755,921 741,099
Current assets
Debtors 5 3,745 6,335
Cash at bank and in hand 2,106 5,196
5,851 11,531
Creditors: amounts falling due within one year 6 (548,771) (565,164)
Net current liabilities (542,920) (553,633)
Total assets less current liabilities 213,001 187,466
Creditors: amounts falling due after more than one year 7 (151,026) (151,005)
Provisions for liabilities (9,806) (6,989)
Net assets 52,169 29,472
Capital and reserves
Called up share capital 1 1
Revaluation reserve 9 41,801 29,796
Profit and loss account 10,367 (325)
Shareholder's funds 52,169 29,472
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 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.
Theo Van Der Westhuizen
Director
Approved by the board on 4 August 2025
Chill Pepper Ltd
Notes to the Accounts
for the year ended 30 April 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from property rental. Turnover from the rental is recognised by reference to the stage of completion of the tenancy.
Investment properties
Investment properties are carried at fair value, derived from current market prices for comparable properties determined annually.

Changes in fair value/Impairment losses are included in the income statement. Deferred tax is provided o these gains at the rate expected to apply when the property is sold.
Debtors
Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction 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
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Exceptional items 2025 2024
£ £
Value adjustments on fixed assets and current asset investments (14,822) (18,076)
(14,822) (18,076)
3 Employees and directors 2025 2024
Number Number
Average number of directors and persons employed by the company 1 1
4 Tangible fixed assets
Land and buildings
£
Cost
At 1 May 2024 741,099
Fair value movements 14,822
At 30 April 2025 755,921
Depreciation
At 30 April 2025 -
Net book value
At 30 April 2025 755,921
At 30 April 2024 741,099
5 Debtors 2025 2024
£ £
Trade debtors 250 2,827
Prepayments 2,502 2,281
Accrued income 993 1,227
3,745 6,335
6 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 2,737 -
Accruals 1,551 1,025
Corporation tax 2,432 -
Other creditors 542,051 564,139
548,771 565,164
7 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 151,026 151,005
8 Loans 2025 2024
£ £
Creditors include:
Amounts payable otherwise than by instalment falling due for payment after more than five years 151,026 151,026
Secured bank loans 151,026 151,005
The bank loan is secured against two of the investment properties held in the company.
9 Fair value reserve 2025 2024
£ £
At 1 May 2024 29,796 18,709
Gain on revaluation of land and buildings 14,822 18,076
Deferred taxation arising on the revaluation of land and buildings (2,817) (6,989)
At 30 April 2025 41,801 29,796
10 Other information
Chill Pepper Ltd is a private company limited by shares and incorporated in England. Its registered office is:
20-22 Wenlock Road
London
N1 7GU
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